The Federal Government has announced plans to launch a new initiative called the Science, Technology, Engineering, Mathematics & Medical (STEMM) Up Grant (S-VCG), designed to fund student-led innovation and entrepreneurship in Nigeria’s tertiary institutions.
In a statement posted via its official X handle, the government said the programme, scheduled for launch on August 28, will provide up to N50 million in grant funding to qualified undergraduate students in Science, Technology, Engineering, Mathematics, and Medical Sciences (STEMM) fields. It specifically targets students at the 300 level and above, with innovations that show potential for national impact and job creation.
The statement reads: “Formally known as the Science, Technology, Engineering, Mathematics & Medical Sciences Student Venture Capital Grant, the program offers up to ₦50 million per project for eligible undergraduate innovators.
“Targeted at 300-level+ students in STEMM fields, the grant provides: Startup capital, Mentorship, Incubation support, Business development resources, All to build scalable, job-creating ventures.
” ‘This is more than a grant it’s a launchpad’, said Minister of Education, Dr. Maruf Tunji Alausa. ‘We’re equipping students to solve real-world problems & lead Nigeria’s transformation.’
“The programme will be implemented in partnership with the Bank of Industry (BOI) for financial transparency and measurable impact. Stakeholders across academia and industry have endorsed it.
“The STEMM Up Grant aligns with President Tinubu’s Renewed Hope Agenda, promoting inclusive education, youth empowerment & sustainable economic development. Nigeria is investing in its future from the classroom to the global stage.”
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