Congratulations to UTours (Hong Kong), winner of the 2020 Global New Venture Challenge. Utours is a telematics-based digital solution to auto insurers in China that applies artificial intelligence and behavioral sciences to help insurers make data-driven underwriting decisions and maximize customer lifetime value. The company beat out eight other teams to win first place and $35,000 at the virtual Global New Venture Challenge finals, which were held on May 28, 2020.
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.
Join the conversation on social media using the hashtag: #ChicagoNVC.