Information

Launched in 1996, the Edward L. Kaplan, '71, New Venture Challenge (NVC) is one of the nation's premier business launch programs. It has a proven track record of helping entrepreneurs turn their ideas into successful businesses. Participants benefit from mentorship, funding opportunities, and a rigorous, practical curriculum designed to enhance their business acumen. The program also provides networking opportunities with industry leaders, investors, and successful alumni, offering valuable exposure and potential partnership opportunities.

How to Apply

To apply for the University of Chicago New Venture Challenge, interested entrepreneurs need to submit an application through the NVC website. The application process typically involves providing detailed information about the business idea, the team, market analysis, and financial projections. Selected applicants will be invited to participate in further rounds that may include interviews and pitching sessions. It is advisable to prepare thoroughly and ensure that the business idea is well-developed and scalable.

Total number of startups invested: 12

Average Funding: The average funding round varies depending on the specific needs and potential of each startup. Historically, the NVC has helped startups raise significant initial funding, often in the range of hundreds of thousands to millions of dollars.

Industry: The NVC is industry-agnostic, welcoming startups from various sectors including technology, healthcare, finance, consumer products, and more.

Market: United States