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The New Venture Championship (NVC) is an international entrepreneurial investment competition for graduate students presented by the University of Oregon's Lundquist Center for Entrepreneurship.
The University of Oregon is a public flagship research university in Eugene, Oregon. Founded in 1876, the institution's 295-acre campus is along the Willamette River. Since July 2014, UO has been governed by the Board of Trustees of the University of Oregon. The university has a Carnegie Classification of "highest research activity" and has 19 research centers and institutes. UO was admitted to the Association of American Universities in 1969.
Teams from across the world go to Portland, Oregon, United States to present and defend business plans to a panel of judges for the chance to win the grand prize of $25,000. All NVC competitors receive invaluable advice from world class judges and will receive various cash prizes to help them turn their plans into a successful business.
Portland is the largest and most populous city in the U.S. state of Oregon and the seat of Multnomah County. It is a major port in the Willamette Valley region of the Pacific Northwest, at the confluence of the Willamette and Columbia rivers. As of 2018, Portland had an estimated population of 653,115, making it the 25th most populated city in the United States, and the second-most populous in the Pacific Northwest. Approximately 2.4 million people live in the Portland metropolitan statistical area (MSA), making it the 25th most populous in the United States. Its combined statistical area (CSA) ranks 19th-largest with a population of around 3.2 million. Approximately 60% of Oregon's population resides within the Portland metropolitan area.
The United States of America (USA), commonly known as the United States or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the most populous city is New York City. Most of the country is located contiguously in North America between Canada and Mexico.
The first ever NVC was held in 1992. Only three teams competed and it was held in a university classroom at the University of Oregon campus. The grand prize was $300.
In 2008, over 70 teams submitted entries to compete for more than $70,000 in prizes and for a place in both the 2008 Global Moot Corp. [1] and the 2009 NVC Competition. Only the top 20 teams of about 60 applicants are selected to present in Portland each year.
In April 2007, Columbia Sportswear CEO Tim Boyle and his wife, Mary, donated a total of $5 million to the University of Oregon. $3.5 million went to the New Venture Championship. [2]
In 2013, NVC unexpectedly had two first place winners. AGcerez from Thailand’s Sasin Graduate Institute of Business Administration and Awair from Stanford University were named 2013 NVC co-champions. AGcerez introduced a fruit syrup with helpful bacteria to aid digestion and Awair presented Wyshbone, a device that delivers local anesthetic to patients' throats using breathing tubes.
Other past winners include KT Tape, Klymit Backpacking Gear and Split Engineering.
Teams of graduate students participate. Sixteen teams compete in the six-round business competition during which teams present their business ideas, give a 60 second elevator pitch, create and staff a trade show booth, and receive extensive feedback from a team of judges. Judges are a mix of business professionals, many from sponsoring companies.
Sponsors for NVC have changed and the number increased during the years of the competition. The 2014 sponsors included Columbia Sportswear, Viewpoint, Tektronix, OEN, Blue Star Gas, Palo Alto Software and Rogue.
The Columbia Sportswear Company is an American company that manufactures and distributes outerwear, sportswear, and footwear, as well as headgear, camping equipment, ski apparel, and outerwear accessories.
Tektronix, Inc., historically widely known as Tek, is an American company best known for manufacturing test and measurement devices such as oscilloscopes, logic analyzers, and video and mobile test protocol equipment.
The Oregon Entrepreneurs Network (OEN) is the largest entrepreneur assistance organization in the state of Oregon. As such, this not-for-profit organization provides resources and support for emerging, growth-oriented companies in Oregon and the Pacific Northwest.
Philip Hampson "Phil" Knight, whose nickname is "Buck" is an American business magnate and philanthropist. A native of Oregon, he is the co-founder and current chairman emeritus of Nike, Inc., and previously served as chairman and CEO of the company. As of June 2019, Knight was ranked by Forbes as the 26th richest person in the world, with an estimated net worth of US$31.8 billion. He is also the owner of the stop motion film production company Laika.
National Law University, Jodhpur (NLUJ) is an institution of national prominence established under the National Law University, Jodhpur, Act, 1999 enacted by the Rajasthan State Legislature. The University is established for the advancement of learning, teaching, research and diffusion of knowledge in the field of law.
Gertrude "Gert" Boyle is a German-born American businesswoman in the state of Oregon. After her family fled Nazi Germany, her father started Columbia Sportswear, where she later became president. As of 2013, she is the chairperson of the company, as well as a philanthropist and memoirist.
University of San Francisco International Business Plan Competition has been held each year from 2004 to 2009 involving teams of students presenting a business plan to judges. A cash prize is awarded to the winning team.
The Philip C. Jessup International Law Moot Court Competition, also known as the Jessup Moot, is the oldest and largest international moot competition in the world, attracting participants from almost 700 law schools in more than 90 countries in recent years. The competition has been described as the most prestigious moot court competition in the world by a large number of organisations and universities internationally, and is one of the grand slam or major moots.
The Weinert Center is the home of entrepreneurship education in the School of Business at the University of Wisconsin–Madison. The center is dedicated to teaching, research, and service pertaining to entrepreneurial management and enterprise development across the entire UW campus.
The Wake Forest University School of Business was established in 1969 as the Babcock Graduate School of Management, admitting its first classes of full-time and executive students in 1971 and presenting its first graduating class in 1973. The Babcock School was established with a gift from the Mary Reynolds Babcock Foundation and named in honor of Charles H. Babcock, a noted businessman and philanthropist who influenced civic, cultural, and economic development in Winston-Salem and North Carolina.
Global Entrepreneurship Week (GEW) is an international initiative that introduces entrepreneurship to young people in six continents. GEW emerged in 2008 as a result of Enterprise Week UK and Entrepreneurship Week USA 2007. Since its creation, more than 10 million people from roughly 170 countries have participated in entrepreneurship-related events, activities and competitions during GEW.
uShip, Inc. is an Austin, Texas-based Internet company that operates uShip.com, an online marketplace for shipping services. Individuals and businesses post items they need shipped in a variety of categories, including auto transport, boat shipping, moving services, and the transport of heavy industrial equipment.
The Jake Jabs Center for Entrepreneurship is an entrepreneurial concept development center and a graduate and undergraduate-level entrepreneurial training center at the University of Colorado Denver Business School. The Center offers about 20 graduate and undergraduate AACSB accredited courses, with entrepreneurship being one of CU Denver's most popular MBA specializations. Furthermore, specializations in entrepreneurship are offered as part of the MS in Management, MS in Marketing, MS International Business, and MS in Information Systems programs. The Center offers several graduate and undergraduate programs, including 1) graduate MBA specialization in entrepreneurship, 2) graduate certificate in entrepreneurship, 3) graduate certificate in bio-entrepreneurship, 4) graduate international entrepreneurship certificate/badge, 5) undergraduate specialization in entrepreneurship for business students, 6) undergraduate minor in entrepreneurship, offered to non-business students, and finally 7) undergraduate certificate in entrepreneurship.
The London Universities Mooting Shield, mostly known as LUMS, is an annual mooting league competition featuring teams of undergraduate students from University Law Faculties across London. The competition is run 'by students, for students' , and a strong emphasis is placed on personal development and networking, making LUMS noticeably different from other mooting competitions. As a domestic mooting competition, LUMS is concerned only with the Law of England and Wales, with moot problems being derived from the core topics studied by students on every LLB programme in that jurisdiction.
The MIT $100K Entrepreneurship Competition is one of the largest and most famous business plan competitions in the world. Entirely student-managed, students from all programs and levels at MIT organize and enter the $100K. Teams must include at least 1 full-time MIT student, but membership is not restricted to the MIT community. The Competition is supported by the MIT Entrepreneurship Center at the MIT Sloan School of Management. Every year - a total of $300,000 is distributed as non-dilutive grant money. Since 1990 the MIT $100K has given birth to over 160 companies, generating 4,600 jobs, receiving over $1.3 billion in venture capital funding and have a cumulative market value of over $15 billion Throughout the academic year, the teams take part in a process that includes:
The SMU Business Plan Competition provides students with the opportunity to work with fellow SMU students to create a viable business venture. Since its inception in 2001, teams have competed for cash prizes and in-kind awards such as office space, legal advice, and PR. Sponsors have included Andrews Kurth LLP, NTEC, Ignite Restaurant Group, Austin Ventures, and The Coulter Group.
Timothy Boyle is an American billionaire, and the president and CEO of Columbia Sportswear.
The Cornell Cup is an annual college-level embedded design competition created by Cornell Systems Engineering and hosted by Cornell University. The competition was an initiative originally created by Cornell University and Intel, and now partnered with arm to "empower student teams to become the inventors of the newest innovative applications of embedded technology". The competition is designed to allow college students the opportunity to transform ideas into real products with actual results. Various awards are given with a range of prizes between $1,000 and $10,000.
Dr. Michael W. Crooke is an American businessman and academic. Best known as the CEO of Patagonia, Inc. from 1999 to 2005, Crooke has held a variety of corporate leadership positions in industries ranging from outdoor equipment and apparel to venture capital. From 2010 to 2015, Crooke served on the faculty of Pepperdine University's Graziadio School of Business and Management. Crooke was also the Senior Associate Dean for Academic Programs and Avamere Professor of Practice at the University of Oregon's Lundquist College of Business from 2015-2017. He served as Professor of Strategy and Leadership at The Honor Foundation, and as a strategic business consultant to high-growth and established companies. He is currently the Chairman of RandE Holdings LLC, a family office focused on healthcare, wine and venture capital. In addition, he is the Chairman of the Avamere Health Services Advisory Board. As a consultant, Crooke’s stated focus is on “embedding environmental and social considerations into a great product or service [which] increases differentiation and maximizes shareholder value over the long-term” as well as “developing direct to customer strategies that create an emotional connection to the brand.” Most recently, Crooke co-founded and is co-Chairman of the Board of WAYB, a values-led company reinventing on-the-go gear for family adventures.
The Charles H. Lundquist College of Business is the University of Oregon's business school. Founded in 1914, the Lundquist College offers undergraduate degree programs in business administration and accounting, as well as MBA, Executive MBA, Master of Science in Sports Product Management, Master of Accounting, Master of Science in Finance, and PhD graduate programs. These degree programs are supported by four finance, management, marketing, and operations and business analytics, and one school of accounting.
Mobile App Business Launchpad Experiment, often stylized as Mable, is a business accelerator based in Portland, Oregon, U.S., that provides mentorship and resources to select startup companies. The program was informally launched in 2015 before converting to a formal structure in 2016. Mable participants are chosen by a selection committee following an application process. Participants will either then be sent to prepare for an investor pitch and receive limited coaching or be sent to enroll in the app academy accelerator where they spend three months developing their businesses with support from mentors and coaches. Companies that pass through the accelerator may also be provided a seed round of financial assistance.