Federal Government Student Venture Capital Grant (SVCG): ₦50m Equity-Free Grants for Nigerian Student Entrepreneurs & Innovators

The Federal Government Student Venture Capital Grant (SVCG) provides up to ₦50 million in equity-free funding to student entrepreneurs developing solutions that address critical national and global challenges.

SVCG Program Summary

• Host Country: Nigeria
• Category: Competition | Training
• Eligible Applicants: Nigerian students
• Grant Reward: Up to ₦50m Equity-Free Grant, Google Gemini Pro License, Startup Resources, Expert Mentorship
• Deadline: Not Specified

Program Overview

The SVCG is a flagship component of the Federal Government’s Renewed Hope Agenda, aimed at cultivating a new generation of student-led innovators and tech-driven entrepreneurs.

The initiative supports bold, scalable solutions with strong potential for commercialization, especially those addressing real-world socio-economic and technological challenges.

Eligibility Requirements

To qualify for the Student Venture Capital Grant (S-VCG), applicants must:

• Be a Nigerian student enrolled in an accredited tertiary institution (university, polytechnic, or college of education).
• Propose a venture that addresses critical national or global challenges.
• Submit a proposal that demonstrates clear potential for scale and commercialization.

Have a project rooted in the STEMM fields, which include:

• Science
• Technology
• Engineering
• Mathematics
• Medical Sciences

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Program Benefits

The SVCG provides robust, end-to-end support extending beyond financial assistance:

1. Equity-Free Funding

Receive up to ₦50 million in seed funding with no equity or repayment obligation.

2. Intensive Incubation

Participants gain access to structured incubation and business development programs to validate and refine their models.

3. Expert Mentorship

Guidance from experienced entrepreneurs, industry experts, and innovation leaders.

4. Resource Access

Full access to tools, platforms, and resources essential for startup development and scaling.

5. Google Gemini Pro License

Every applicant who submits a valid innovation or business project receives a free one-year Google Gemini Pro license plus premium learning materials.

Required Documents

Applicants must prepare the following:

• Proof of Student Status: Valid student ID + admission/registration documents
• Project Proposal: Detailed description of the problem, solution, market need, scalability, and relevance to STEMM
• Team Information: Details of founding team members and their roles

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How to Apply (Step-by-Step Guide)

Step 1: Visit the Official Portal

Step 2: Prepare Your Submission

• Develop a strong, well-structured proposal demonstrating market relevance and scalability.
• Gather personal and academic details required by the portal.

Step 3: Complete the Online Application

• Fill out the application form accurately.
• Upload your proposal and any required supporting documents.

Step 4: Receive Your Google Gemini Pro License

After successfully submitting an eligible innovation or project, applicants will receive:

• One-year free Google Gemini Pro license
• Access to premium learning resources

Deadline Not specified.: Applications are currently open, and students are encouraged to apply as early as possible.