Edward L. Kaplan, '71, New Venture Challenge (NVC)

Edward L. Kaplan, '71, New Venture Challenge (NVC)


Launched in 1996, the Edward L. Kaplan, ’71, New Venture Challenge (NVC) is recognized as one of the top-ranked accelerator programs in the nation. Through the NVC, the Polsky Center has graduated more than 370 startup companies and created thousands of jobs for the economy.

NVC startups have raised more than $1.2 billion in funding and achieved more than $8.5 billion in mergers and exits. Companies launched through the NVC include household names such as Grubhub, Braintree/Venmo, and Simple Mills.

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Prizes and Investments

The New Venture Challenge invests over $1M in startups each year thanks to the generosity of numerous alumni donors and investors.

In 2018, Rattan L. Khosa, ’79 generously endowed the first place investment. Since then, the amount invested in startups has grown over 250%.


Rattan L. Khosa, ’79 First Place Prize Winners

2023 Winner:

Congratulations to Alnair Therapeutics, winner of the 2023 Edward L. Kaplan, ’71, New Venture Challenge! Alnair, a startup developing a platform technology to improve the delivery of drugs to difficult-to-treat cancers, received the Rattan L. Khosa First-Place Prize, totaling $585,000 in investment.

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