Alumni New Venture Challenge (ANVC)

Alumni New Venture Challenge (ANVC)


The Alumni New Venture Challenge (ANVC) is the track of the Edward L. Kaplan, ’71, New Venture Challenge supporting all University of Chicago alumni who are in the process of launching early-stage ventures. The ANVC supports alumni from across the globe. Top finalist teams will compete for $100,000 in investment during the Finals event on May 16, 2024.

The ANVC application deadline is January 9, 2024 at 11:59 p.m. CT (no exceptions). 

2023 Winners

Congratulations to the 2023 Winners.

// First Place ($50,000): Lambda Function 

Lambda Function (North America – West Coast) is on a mission to enable autonomous precision machining. Lambda Function’s vision is to unlock Level 5 machining autonomy, when CNC machines can make decisions without any need for human guidance or intervention. Their software enables increasing levels of autonomy by augmenting CNC programmers and machine operators with AI.

  • Team Lead: Tanmay Aggarwal, MBA’ 15

// Second Place TIE ($25,000 each): Archer Career and Pyaari Weddings

Archer Career (North America – Midwest) Archer Career improves career confidence and outcomes, reducing early career underemployment. Archer’s platform delivers structure, momentum, and accountability, using behavioral science and step-by-step micro-learning paths to educate and empower individuals to launch a career.

  • Team Lead: Pam Schilling, MBA ’00

Pyaari Weddings (North America – Midwest) Pyaari Weddings is the largest South Asian wedding directory in the US and Canada. With the directory, couples can shop for wedding vendors based on pricing, reviews, and more; add them to their ‘cart;’ and create their own customized, DIY, a-la-carte wedding plan. Pyaari Weddings is The Knot meets Amazon.

  • Team Lead: Manali Kamaria, MBA ’20

// Third Place ($10,000): Laxis

Laxis (North America – Midwest) Laxis is the next generation of AI meeting assistants for revenue teams. You can use Laxis to set meeting agendas and research customers before the meeting, get real-time insights and coaching during meetings, and auto-generate customer requirements, action items, follow-up emails, etc. after your meetings. You can even chat with Laxis and get answers based on past customer conversations in real-time.

  • Team Lead: Eric Xiao, MBA ’15


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