Over its eighteen-year history, the New Venture Championship® (NVC) has become one of the top three business plan competitions throughout the world. A result of its intense academic focus and guaranteed interaction with multiple panels of judges in a professional format, NVC is an unmatched experience for any start-up venture team.
Presented by the University of Oregon’s Lundquist Center for Entrepreneurship, NVC offers more than $70,000 in cash prizes and attracts schools from across the nation and halfway around the world. The first NVC was held in 1992 in a classroom at the University of Oregon. Only three teams participated, the prize pool was less than three hundred dollars, and there were no corporate sponsors.
Each team formally presents their venture plan to an esteemed panel of judges that includes venture capitalists, seasoned business executives, and experienced entrepreneurs. Presentations are followed by a hard-hitting question-and-answer session. In an afternoon private session, each team receives extensive private feedback from the judges’ panel, a key element of the New Venture Championship learning model.
At the end of day three, there will be only one New Venture Champion. Each final round team will be pushed to perform at the highest level possible. The ultimate decision on the NVC Champion comes down to the final round judges. The quality of the final round judges makes the NVC one of the most highly acclaimed business plan competitions in the world.
Semifinal and Final Round Presentation Scenario: A diverse group of prominent investors and business executives have assembled to hear a formal presentation from your team. Only those teams whose ideas and plans stand up to rigorous questioning and scrutiny by the judges will rise to the top.
Rules & Preparation:
- To convince the investors and executives that the team’s business plan represents a solid, viable investment opportunity.
- In the semifinal round, each team will compete against three others in one of five concurrent tracks. One finalist will be selected from each track to compete in the Final Round
- Teams and advisers will not be allowed to observe other Q&A sessions in their track prior to their own presentation.
Presentation Time: Thirty-five minutes (fifteen-minute presentation,
twenty-minute Q & A session)
Final Round Prizes
$25,000 First Place
$10,000 Second Place
$5,000 Third Place
$2,500 for each of the two Runner Ups.
If you are interested in participating in the 2010 NVC please visit the NVC website for more information.