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New Venture Challenge

New Venture Challenge

Prepare and Apply

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: Idea Generation, Business Idea Validation, Team Formation, and Application
  • Phase II: Course – Mentoring, Critical Feedback & Business Plan Development
  • Phase III: Final Pitches

Application Deadline // Thursday, January 31, 2019 (10:00 a.m. CT)
In order to apply for the NVC, you will need to click through the link below to access the Reviewr application platform.

Your team will need to create an account to submit the application. The application requires submission of basic details about the venture, an 8-page feasibility summary, team member resumes, and signatures from each team member to comply with the rules of the program. If you have any questions about the application process, please send them to hannah.mannino@chicagobooth.edu.

Eligibility Requirements

All currently enrolled graduate students at the University of Chicago are eligible to apply to the NVC as an individual or as a team. It is highly encouraged to submit an application to the NVC as a team with cross-functional expertise. Alumni of the university and individuals not affiliated with the university are eligible to apply to the NVC as long as they have at least one current UChicago student as an integral member of the team (i.e., someone with a minimum of 10% equity stake in the venture). However, only current UChicago students are allowed to present in class and at the finals event; other team members may participate in the Q&A only.

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