The Federal Government has announced a N50 million student grant venture capital initiative to support efforts in making some outstanding student-led innovations and enterprises in Nigeria’s tertiary institutions market-ready.

This is even as the Federal Government has inaugurated a high-powered ministerial committee to drive the commercialisation of research outputs from Nigeria’s tertiary institutions.

Minister of Education, Dr Olatunji Alausa, speaking at the inauguration of the committee in Abuja, explained that the capital venture grant for outstanding students would be anchored by the Tertiary Education Trust Fund (TETFund) in partnership with the Bank of India.

He added that this was specifically targeted at undergraduate students in 300-level and above, with viable business models and innovations ready for market expansion.

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