Dr Tunji Alausa, the Minister of Education, has announced a ₦ 50 million Student Grant Venture Capital Initiative to support scaling student-led enterprises in Nigeria’s tertiary institutions.
Dr Alausa stated that the initiative aims to bridge the gap between academia and industry by transforming homegrown research into commercially viable products and services. The minister announced in Abuja during the inauguration of the Research and Innovation Commercialisation Committee. He said the scheme, which TETFund will anchor in partnership with the Bank of India, targets undergraduate students in the 300-level and above with viable business models and innovations ready for market expansion.
