Federal Ministry of Education Student Venture Capital Program (S-VCG): Funding Opportunities for Nigerian Students
The Federal Ministry of Education’s Student Venture Capital Program (S-VCG) is a new program that gives Nigerian students the money, advice, and business support they need to develop their creative ideas into real enterprises.
Details of eligibility criteria, benefits, and how to apply for the Student Venture Capital Program (S-VCG) are outlined in this post.
Also see: 2026 AgricTech Scholarship Program – Benefits and Application Process
Quick Summary of Federal Ministry of Education Student Venture Capital Program (S-VCG)
| Company/Host | Federal Ministry of Education |
| Category | Grants |
| Eligible Countries: | Nigeria |
| Title | Student Venture Capital Program (S-VCG) |
| Benefits | ₦50m Grant | Google Gemini Pro License | Access to Resources | Expert Mentorship |
| Location | university, polytechnic, or college of education |
| End Date: |
What is the S-VCG Program?
The Federal Ministry of Education is the driving force behind the Student Venture Capital Program (S-VCG), which offers cash, validation help, and national awareness to enterprises that are run by students who are confident in their abilities.
The government funds the Student Venture Capital Program, which gives students with good business ideas seed money and help with growing their businesses.
The goal is to get young people to come up with new ideas and to close the gap between what they learn in school and how to start a business.
Important Goals of S-VCG
- Give early-stage investment to student entrepreneurs.
- Encourage young Nigerians to come up with new ideas and solve problems.
- Encourage people to start their own businesses and create jobs to lower unemployment.
- Help Nigeria’s startup ecosystem grow by providing organised mentorship and training.
We work with students and teams all around Nigeria to create solutions that have a big effect. S-VCG gives funds based on milestones, structured validation support, and a national innovation repository that keeps all qualified projects visible, even if they don’t get money.
S-VCG is built on openness, which makes it easier to fairly evaluate, keep track of progress towards goals, and make payments that can be held accountable through government-approved rails.
How S-VCG Works
Submit Your Business
- Students or teams upload their business details, pitch video, and funding requests through the S-VCG application portal.
Get Reviewed & Receive Feedback
- Applications go through multiple review rounds. Even non-selected projects receive structured feedback and remain visible in the Innovation Repository.
Validate & Refine Your Solution
- Shortlisted teams work through a structured validation process to refine their solution, strengthen their business model, and prepare for milestone activation.
Receive Milestone-Based Funding
- Approved teams unlock funding in tranches upon reaching specific milestones, tracked transparently through the S-VCG system and incubation period.
Who can apply for the S-VCG Program?
- A student who is currently enrolled in a Nigerian higher institution, which includes universities, polytechnics, and institutes of education, is eligible for this opportunity.
- You are required to have achieved a minimum of 300 level (or its equivalent) at your institution. However, all students are eligible to be members of a team led by a student at level 300 or higher.
- Your project or innovation must have a business name registered with CAC-registered company in Nigeria.
- You can apply as an individual or as a team — as long as you meet all the eligibility criteria above.
- You’ll need a clear business plan that includes your expenditure milestones and key performance indicators (KPIs).
- We are seeking ideas, solutions, initiatives, or enterprises that encompass STEMMS—Science, Technology, Engineering, Mathematics, and Medical Sciences.
- Students from both public and private tertiary institutions can apply.
Benefits of the S-VCG Program
1. Seed Funding
Successful applicants receive financial support to kickstart or expand their businesses.
2. Mentorship & Training
Beneficiaries gain access to experienced industry mentors, entrepreneurship workshops, and business development clinics.
3. Networking Opportunities
Participants connect with investors, industry leaders, and fellow student innovators.
4. Business Support Services
This includes business registration guidance, marketing support, and access to incubation or accelerator programs.
Eligible Sectors
The program encourages innovation across multiple industries, including:
- Technology & Software Development
- Agriculture & Food Processing
- Health & Biotechnology
- Renewable Energy
- Education Technology
- Creative Industries
- Finance & Social Innovation
How to Apply for the S-VCG
Kindly follow the steps below to apply online for the Student Venture Capital Program (S-VCG)
- Online registration through the official S-VCG portal by clicking on the application button below
- Submission of business proposal or pitch deck.
- Review and shortlisting by a selection committee.
- Pitch presentation for shortlisted candidates.
- Final selection and onboarding into the program.
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