The Federal Government has reaffirmed that its ₦50 million venture capital grant for outstanding students in tertiary institutions remains on course, with candidate selection already underway. The initiative, driven by TETFund in partnership with t…  | By Abimbola Akomolafe on November 7, 2025 | The Federal Government has reaffirmed that its ₦50 million venture capital grant for outstanding students in tertiary institutions remains on course, with candidate selection already underway. The initiative, driven by TETFund in partnership with the Bank of Industry, aims to nurture innovation and entrepreneurship among undergraduates, especially those in STEMM fields by supporting ideas from conception to commercialisation. Read also, According to TETFund Executive Secretary, Sonny Echono, each institution has begun nominating innovative students, while a national committee reviews entries for final approval. The fund will provide seed capital for prototyping, proof of concept, and market readiness. Beyond academia, the initiative is expected to create a strong pipeline of youth-led ventures that could evolve into viable startups—expanding Nigeria's MSME base and reinforcing its innovation ecosystem. | | | |
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