Nigeria Launches ₦50M Student Venture Capital Grant for STEM Innovations

The Federal Ministry of Education in Nigeria has introduced a Student Venture Capital Grant worth ₦50 million to aid student entrepreneurs in STEM disciplines. The initiative aims to discover innovative ideas within tertiary institutions and provide financial and mentorship support to student-led startups.

The program targets full-time undergraduate students in their 300 level and above, offering access to mentorship, incubation services, and business development support. Google is a key partner in evaluating grant applications through its Gemini AI platform, ensuring transparency and accountability in the selection process.