The Minister of Education, Dr. Tunji Alausa, has announced a fifty million Naira Student Grant Venture Capital Initiative to support scaling student-led enterprises in Nigeria’s tertiary institutions.
Dr. Alausa said the initiative aims to bridge the gap between academia and industry by turning homegrown research into commercially viable products and services.
The minister made the announcement in Abuja when he inaugurated the Research and Innovation Commercialisation Committee.
He said the scheme, which will be anchored by TETFund in partnership with the Bank of India, targets undergraduate students in three hundred level and above with viable business models and innovations ready for market expansion.
Reporting by Gladys Haruna