Anyone interested in entrepreneurship, startups or getting involved with new business ventures has likely heard of the Edward L. Kaplan New Venture Challenge (NVC). Run by the Polsky Center for Entrepreneurship and Innovation here at Booth, NVC is a top-ranked accelerator program in the nation and has graduated over 160 start-up companies still in operation today, including some recognizable names like Braintree, which acquired Venmo and was then later acquired by PayPal in 2013 for $800 million; Bump Technologies, which was acquired by Google in 2013; and GrubHub, which completed an IPO in April 2014.
NVC is truly an incredible program that helps student teams turn ideas into viable businesses. But it takes a lot of hard work and commitment on top of the already demanding commitments of being a Booth student. So I wanted to hear from NVC participants exactly why they wanted to compete in this year’s challenge.
Here’s what they had to say.