The Federal Ministry of Education has officially opened applications for the Next Moonshot Initiative.
The Student Venture Capital Grant, commonly referred to as S-VCG, is a federal government program designed to ignite and support student-driven innovation across Nigerian tertiary institutions. As a central pillar of the Renewed Hope Agenda, the S-VCG provides substantial financial backing to students with innovative ideas that address real-world challenges within STEMM fields.
Grant Amount and Funding StructureGrant Value: Up to N50 Million (Fifty Million Naira)
Funding Type: Equity-Free
The Student Venture Capital Grant provides up to N50 million in equity-free funding to successful applicants. This means students who receive the S-VCG retain complete ownership of their ventures while accessing substantial financial resources to develop and scale their innovative solutions.
The equity-free structure of the Next Moonshot Initiative removes traditional barriers that often prevent student entrepreneurs from pursuing ambitious projects. Recipients can focus entirely on building impactful businesses without the pressure of immediate investor returns or equity dilution.
Who Can Apply for S-VCG
Nigerian students currently enrolled in accredited tertiary institutions are eligible to apply for the Student Venture Capital Grant. Eligible institutions include:
- Universities (Federal, State, and Private)
- Polytechnics
- Colleges of Education
- Other recognized tertiary institutions in Nigeria
The Next Moonshot Initiative encourages applications from students at all levels of tertiary education who possess innovative ideas with commercial potential.
Apply Now: svcg.education.gov.ng
