Most other business schools and graduate entrepreneurship programs host a single day or weekend business plan competition as their New Venture Challenge. The NVC at the University of Chicago Booth School of Business is different. It is not just a competition. Instead, it is a year-long business launch program that is recognized as the #1 university accelerator program in the nation. It features three distinct phases:
- Phase I: In the Fall quarter, attend events hosted by the Polsky Center to learn about entrepreneurship, meet teammates, and generate ideas. Eligible teams must develop their business feasibility summary and apply by Wednesday, January 25, 2023.
- Phase II: Selected teams will enroll in a Spring quarter class where they will develop a full business plan, practice pitching, and receive mentorship from faculty, coaches, and experienced investors.
- Phase III: The program will culminate at the end of the Spring quarter where top finalist teams will be invited to compete for $1 million in cash and in-kind prizes and pitch in front of an esteemed panel of investors and judges at the NVC Finals on June 1, 2023
Applications for the 2023 NVC cycle will open during mid-Fall Quarter. The NVC application deadline is January 25, 2023 at 11:59 p.m. CT (no exceptions).