{"id":79814,"date":"2025-12-08T21:37:24","date_gmt":"2025-12-08T21:37:24","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=79814"},"modified":"2025-12-08T21:37:24","modified_gmt":"2025-12-08T21:37:24","slug":"fg-launches-n50m-equity-free-grant-for-tertiary-students","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/12\/08\/fg-launches-n50m-equity-free-grant-for-tertiary-students\/","title":{"rendered":"FG Launches N50m Equity-Free Grant for Tertiary Students"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>The Federal Government on Monday launched a N50 million Student Venture Capital Grant (S-VCG), to boost innovation and entrepreneurship in tertiary institutions.<\/p>\n<p>The scheme provides equity-free seed funding, mentorship, incubation support, and access to startup-building resources.<\/p>\n<p>Announcing the initiative in Abuja, Minister of Education, Dr. Tunji Alausa, said the programme aligns with President Bola Tinubu\u2019s Renewed Hope Agenda and is designed to identify and grow high-potential student ideas.<\/p>\n<p>The grant is jointly driven by the Federal Ministry of Education, TETFund, the Bank of Industry, Afara Initiative, Afrilabs, the Entrepreneurship and Skills Development Centre, and Google.<\/p>\n<p>It is open to full-time students in federal, state, and private tertiary institutions from Year 3 upward, while younger students may join as team members. Ventures must be CAC-registered and STEM or medical-based.<\/p>\n<p>A 12-member panel from academia, industry, venture capital, and government will evaluate shortlisted applicants.<\/p>\n<p>Selected teams may be paired to encourage collaboration and accelerate research commercialisation.<\/p>\n<p>National Programme Coordinator, Adebayo Onigbanjo, said the portal has received 17,914 applications from 402 institutions, with over 1,000 complete submissions.<\/p>\n<p>He noted the programme aims to bridge early-stage funding gaps that hinder university innovators.<\/p>\n<p>Former Minister of Power, Prof. Barth Nnaji, commended the initiative for promoting research-driven, locally relevant solutions.<\/p>\n<p>According to NAN, applications close on January 23, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata The Federal Government on Monday launched a N50 million Student Venture Capital Grant (S-VCG), to boost innovation and entrepreneurship in tertiary institutions. The scheme provides equity-free seed funding, mentorship, incubation support, and access to startup-building resources. Announcing the initiative in Abuja, Minister of Education, Dr. Tunji Alausa, said the programme aligns [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":79815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183,172],"tags":[],"class_list":["post-79814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=79814"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79814\/revisions"}],"predecessor-version":[{"id":79816,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79814\/revisions\/79816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/79815"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=79814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=79814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=79814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}