New Venture Championship

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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.

University of Oregon Public research university in Eugene, Oregon

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.

Contents

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, Oregon city in Oregon, USA

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.

United States Federal republic in North America

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.

History

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]

Past winners

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.

Structure

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.

Columbia Sportswear United States company that manufactures and distributes outerwear and sportswear

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 American test and measurement devices company

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.

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References

  1. "Global Moot Corporation" . Retrieved 2008-03-07.
  2. "Boyles donate $5 million to University of Oregon". Inside Oregon. April 17, 2007. Archived from the original on May 1, 2007. Retrieved 2008-03-07.