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Global New Venture Challenge

Global New Venture Challenge

Prepare and Apply

Most other business schools and graduate entrepreneurship programs host a single day or weekend business plan competition for their students interested in entrepreneurship. The Chicago Booth GNVC is different. It is structured to meet the unique schedule needs of Chicago Booth executive MBA students. Students who are accepted into the program will take a class that is taught by one of our entrepreneurship faculty. During the class, each team receives hands-on feedback and mentoring by the professor as well as from a group of dedicated coaches and industry experts. Since Chicago Booth has three global campuses, the GNVC is a unique and first-of-its-kind global business launch program. Each campus—Chicago, London and Hong Kong—hosts its own semi-finals event. Then the top teams across all campuses are invited to participate in the GNVC Finals event, which is held in Chicago in March. The GNVC program has three distinct phases:

  • Phase I: Idea Generation, Business Idea Validation, & Team Formation
  • Phase II: Selection, Classroom Mentoring & Business Plan Development – Semi-Finals at Each Campus
  • Phase III: Finals Competition

Application Deadline // Applications for the 2019-2020 GNVC cycle have not opened. If you have any questions about the application process, please send them to


Eligibility Requirements

All second year Executive MBA students at the University of Chicago are eligible to apply to the GNVC as an individual or as a team. First year students are allowed to participated on a time started by second year students, but they will not receive credit for the course. GNVC teams can have no more seven registered students. It is highly encouraged to submit an application to the GNVC as a team with cross-functional expertise. Alumni of the university and individuals not affiliated with the university are not eligible to apply to the GNVC.

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