The New Venture Competition - Business Track
April 23, 2019
The objective of the Student New Venture Competition is to provide a meaningful learning experience for students who are interested in pursuing an entrepreneurial opportunity now or at some point in their careers.
The Competition is designed for contemplated and embryonic businesses. The Business Track of the NVC welcomes all ideas across all sectors. However, plans to create hedge funds, investments, private equities or venture capital funds are generally not eligible.
The Business Track of the New Venture Competition provides a unique opportunity for students to put entrepreneurship principles into practice with an integrative learning experience. Whether you are a winner of prizes, go on to implement your proposed new venture idea, or simply take advantage of the learning and apply it later in your career, we guarantee the Competition will be an exciting, challenging, and rewarding experience. We look forward to understanding more about your idea, hearing your pitch, and providing you with some valuable feedback along the way.
REQUIREMENTS FOR A TEAM
- Business ideas may be entered in ONE track - either Business or Social Enterprise.
- Students may participate on a maximum of two teams, regardless of track.
- Participating teams in the Business track are required to have at least one Harvard Business School MBA student who is a co-founder and a significant equity holder, if equity has been distributed. This HBS student MUST be present at the Super Saturday judging.
- A team may include students from any other school within Harvard, students from other universities and non-students.
- The registration on the ReviewR platform should be done by the current HBS student as the lead co-founder.
- Previous winners, runners-up and crowd favorites can not compete with the same business idea in following years, unless it is the alumni track. They may enter the Competition again with a new business idea.
- Any team that did not win a cash prize in the previous year's Competition may compete again with the same business idea - be prepared to show significant growth.
- The limit for seed capital raised is $1,500,000.
- The limit in revenue generated is $2,000,000.