The Federal Government is set to launch a new grant programme to support innovation among tertiary students studying science, technology, engineering, mathematics, and medicine. The initiative, known as the STEMM Up Grant, will be formally unveiled in August.
It will offer selected student-led projects startup funding of up to ₦50 million, as well as mentorship and incubation support. Only full-time undergraduates in their 300 level and above will be eligible to apply.
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The Education Ministry says the scheme is part of efforts to drive youth-led entrepreneurship and technological transformation. The Bank of Industry will partner in the implementation to ensure transparency and effective impact tracking.
Officials say the grant aligns with President Bola Tinubu’s Renewed Hope Agenda, aimed at empowering young Nigerians and building a knowledge-driven economy.
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