Federal Government Student Venture Capital Grant (SVCG) | ₦50m Award
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The Federal Ministry of Education has officially announced the commencement of applications for the Student Venture Capital Grant (S-VCG).
The Federal Government Student Venture Capital Grant (SVCG) offers a ₦50m equity-free grant to student entrepreneurs with innovative projects that address real-world challenges.
In this post, we will discuss the details of the SVCG program, what it requires, and how interested and qualified candidates can apply successfully.
Federal Government Student Venture Capital Grant (SVCG) Summary
- Host Country: Nigeria
- Category: Competitions | Training
- Eligible Countries: Nigeria
- Reward: ₦50m Grant | Google Gemini Pro License | Access to Resources | Expert Mentorship
- Deadline: Not Specified
Federal Government Student Venture Capital Grant (SVCG) Details:
The Federal Government of Nigeria, through the Federal Ministry of Education, has officially opened the application portal for the Student Venture Capital Grant (S-VCG).
The SVCG initiative is a central pillar of the Renewed Hope Agenda, designed to transform student-driven ideas into commercially viable, high-impact ventures and cultivate a new generation of Nigerian innovation entrepreneurs.
The program provides seed investment to student founders with innovative projects that address real-world challenges with clear potential for scale and commercialization.
Eligibility Requirements for Student Venture Capital Grant (S-VCG)
To be considered for the Student Venture Capital Grant (S-VCG), you must:
- be an eligible Nigerian student currently enrolled in an accredited tertiary institution (university, polytechnic, or college of education).
- be capable of solving critical national or global challenges through the venture.
- submit a proposal must demonstrate clear potential for scale and commercialization.
- have a project that falls within the STEMMfields.
The primary focus areas for the S-VCG are the critical STEMM fields:
- Science
- Technology
- Engineering
- Mathematics
- Medical Sciences
Benefits of Federal Government Student Venture Capital Grant (SVCG)
The S-VCG provides comprehensive support far beyond the financial grant, ensuring ventures successfully transition into market-ready enterprises:
- Equity-Free Funding: Successful student founders can receive up to ₦50 million in equity-free grants.
- Intensive Incubation: Absorption into structured programs designed to refine and validate business models.
- Expert Mentorship: Access to guidance from seasoned entrepreneurs and industry leaders.
- Resource Access: Full access to the necessary tools, platforms, and resources required to develop and scale their startups.
- Google Gemini Pro License: Every applicant who successfully submits a project will receive a one-year free Google Gemini Pro license, along with premium learning resources.
Required Documents for SVCG Program
To apply, candidates must be ready to submit the following documents;
- Proof of Student Status: Valid student ID and admission documents.
- Detailed Project Proposal: A comprehensive document outlining the problem, solution, market relevance, and scalability plan (focusing on the STEMM field).
- Team Composition: Information on the core founding team and their roles.
How to Apply for Student Venture Capital Grant (S-VCG) (Step by Step)
To apply for the Student Venture Capital Grant (S-VCG), interested and qualified candidates should;
- Click the green button below to go to the application portal.
Step 1: Access the Official Portal
- Navigate directly to the official application portal: https://svcg.education.gov.ng
Step 2: Submission Preparation
- Develop a strong proposal that clearly demonstrates the project’s scalability and market relevance, particularly within the STEMM sector.
- Be ready to provide all necessary personal and institutional details.
Step 3: Online Submission
- Complete the online application form.
- Upload your project proposal and any supporting documentation as required by the portal.
Step 4: Receive Premium Access
- Upon successful submission of a business project or innovation, the applicant will receive the promised one-year free Google Gemini Pro license and premium learning resources.
Deadline: Not Specified
