The Global New Venture Challenge (GNVC) is the dedicated track of the Edward L. Kaplan, ’71, New Venture Challenge program that supports Chicago Booth Executive MBA students worldwide. Second-year students in the Chicago Booth Executive MBA program are eligible to apply to the GNVC and participate as one of their capstone course requirements. A benefit of the GNVC is the participation of our alumni and members of the business community in the coaching and judging portions of the competition. More than 80 coaches, judges, panelists, and guest speakers participate in the GNVC each year.

The program is structured to meet the unique schedule needs of Chicago Booth executive MBA students. Since Chicago Booth has three global campuses—Chicago, London and Hong Kong—each campus hosts its own semi-finals event. The top teams across all campuses are invited to participate in the global finals, which are held in Chicago during the Executive MBA graduation week.

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PURPOSE OF THE GNVC
To encourage the founding and growth of high-potential new ventures by second year Chicago Booth Executive MBA students.

PHASES OF THE GNVC

• Phase I: Current Chicago Booth Executive MBA students will apply to the GNVC with a feasibility summary. The feasibility summary is the application for the GNVC.
• Phase II: Accepted companies will participate in local programming, mentorship, and feedback opportunities (resources will vary by region). Phase II will conclude with a regional semi-finals event, where top team(s) from each campus will be selected to advance as finalists to Phase III. Each region will send at least one finalist team, based on the number of applicants.
• Phase III: The program will culminate in Chicago during on the Executive MBA graduation week where finalist teams from each region will pitch in front of a world-class panel of investors and established entrepreneurs for a chance to win up to $75,000 in funding!