Take your Venture to the Next Level!

The Alumni New Venture Competition on April 26, 2016 is an annual event sponsored by the Harvard Business School's Rock Center for Entrepreneurship and HBS Alumni Clubs & Associations. This competition serves as a launch pad for innovative new ventures from HBS alumni, providing access and exposure to potential investors, mentors, and advisors.

The competition is open to alumni with new business and social-impact companies. The application process and first round of the competition begins at the regional level with teams applying to one of the 17 international HBS NVC lead clubs representing 14 regions.

Preview the NVC application here.

*NVC registration has closed for 2016*


Finalists compete for the following awards and benefits:

1st Place Winner: $50,000
2nd Place Winner: $25,000
"Fan Favorite" online crowd vote

Additional benefits for winners:

  • Exposure to one of the world's most powerful networks
  • Access to in-kind services to help build business
  • Attend invite-only Rock 100 event for HBS Founders & HBS New Venture Competition Finale on April 26, 2016. Travel stipend provided.

Application deadline - February 1, 2016


Eligibility Requirements

  • The venture must have an HBS alumni as a founder or C-level employee.
  • Applicants must be a member of a local club in their designated region. The home or business address on record at HBS must also be located within the club's geographic region.
  • Ventures must have less than $2million USD in revenue. In addition, they may not have more than $1.5 million USD in total debt/invested equity capital. Teams must meet both criteria. Invested capital is defined as funding appearing on the plan's balance sheet at the time of submission to the regional NVC lead club, which is no later than February 1, 2016. Teams will disclose any prior funding received at the time of registration.
  • Investment funds and acquisitions are not deemed "new ventures."

Submission

Applications are to be submitted to an NVC lead club listed below via the online application process. Visit individual club websites for details on local entry, application deadline and registration fee amount. Need help identifying your region? Refer to the NVC region breakout.


Venture Evaluation

NVC region leads and club selection committee, Rock Center for Entrepreneurship, HBS Alumni Angels Association and HBS Alumni Clubs & Associations will evaluate entries.

The following criteria will be used to judge your venture:

  • Problem & Solution: Define the problem, need or pain-point.  What solution does your venture provide? How is your solution innovative? Technology, business model, IP etc. Describe your value proposition.
  • Target market: Identify and quantify (size & spend) your addressable market for your product and service. Highlight growth and trends.
  • Attractive business model: How do you plan to make money? Who pays you? What are your distribution channels? What is your gross margin?
    Is your business model viable with the ability to efficiently scale, making it appealing to acquirers or position it for an IPO.
  • Financing: How much money do you need and for what purpose?
  • Team Can the founder, key team members, and advisors operate and scale a successful business.  Highlight industry knowledge, skill-set, leadership, relationships, key successes & failures.

Please refer to the NVC "Pitch Deck" template, to be used for the final pitch event at the Regional Finals Competition.

Regional Finals Competition

Each team will give a 10-15 minute presentation to a panel of judges. The panel will also have 10-15 minutes for Q&A and feedback. Revised pitch decks are allowed for presentations, but time will be strictly enforced.

THE 2015 Regional Winners

CONGRATULATIONS TO THE 2015
$25,000 CATEGORY WINNERS!


Greatest Impact Eve & Tribe of the Africa Region
Most Innovative: BollyX Fitness of the Northeastern US Region
Best Investment (chosen by global judges): StreetShares of the Mid-Atlantic US Region

2015 NVC Regional Winners

Northeastern US

BollyX Fitness


Fitness: The Bollywood workout
Minal Mehta, MBA 2011


View team executive summary and
90-second elevator pitch video

Africa

Eve & Tribe


Retail: Revolutionizing fashion retail in Africa
Ori Gbadebo-Smith, MBA 2013
Simone Bartlett, MBA 2013

View team executive summary and
90-second elevator pitch video

Central US

HubTran


Transportation: Get your back office moving
Matt Bernstein, MBA 1993


View team executive summary and
90-second elevator pitch video

New England

LuminOva


Medical Technology: Turning the dream of parenthood into a reality
Alexandra Dickson, MBA 2013


View team executive summary and
90-second elevator pitch video

Southeastern US

P2P Cash


Financial Services: Saving millions of immigrants billions in money transfer fees
Tom Meredith, MBA 1985


View team executive summary and
90-second elevator pitch video

South Asia

Talerang


Education: A social business solving the work-readiness crisis that students and organizations face through an innovative model developed at HBS
Shveta Raina, MBA 2013
View team executive summary and
90-second elevator pitch video

Northwestern US

Empower Generation


Renewable Energy:
Empowering women to power the world
Lionel Bony, MBA 2006
Deborah Kim, MBA 2006

View team executive summary and
90-second elevator pitch video

Mid-Atlantic US

StreetShares


Financial Technology: "Shark Tank" meets Ebay for small business
Mickey Konson, MBA 2002


View team executive summary and
90-second elevator pitch video

Latin America

Fast ReHydration Limited


Biotechnology: Faster rehydration, faster relief
Gustavo Souss, MBA 2008


View team executive summary and
90-second elevator pitch video

Europe

Intendu


Digital Health: Brain rehabilitation, for everyone who needs it, everywhere
Son Preminger, MBA 1999


View Team Executive summary and
90-Second Elevator Pitch Video

Canada

Maerospace

Big Data Predictive Analytics: 10X better ship tracking and predictive analytics helps customers make money, save lives, guard borders, and protect the environment
Eric Meger, MBA 1984
View team executive summary and
90-second elevator pitch video

Asia-Pacific

Raywon Nano-Science Inc.


Nano Materials: The 3M in nano-material field
Mike Liu, MBA 2014


View team executive summary and
90-second elevator pitch video

Texas

SureSpot


Parking: Your personal parking assistant
Omri Shafran, OPM 43



View team executive summary and
90-second elevator pitch video

Resources

PITCHING TO VENTURE CAPITALISTS? LEARN FROM AN EXPERT
Wednesday, April 6, 2016, 12:00 – 1:00 p.m. ET
Ray Rothrock (MBA 1988), Partner Emeritus at Venrock

Are you pitching-or getting ready to pitch-a new business idea? Sounds easy, but it is complicated and tricky. Join Ray Rothrock (MBA 1988), Partner Emeritus at Venrock, as he shares lessons from his more than 25 years of experience in the venture capital business in Silicon Valley. Ray will share insights from his experiences with-both giving and hearing-over 10,000 investment presentations. During this webinar you will learn:

  • An insider's perspective on why some approaches work and some do not,
  • How to avoid the classic mistakes, and
  • The essential components of a killer close.

DESIGN THINKING AND INNOVATIVE PROBLEM SOLVING
Thursday, May 19, 2016, 12:00 – 1:00 p.m. ET
Srikant M. Datar, Arthur Lowes Dickinson Professor of Accounting

In their book, Rethinking the MBA: Business Education at a Crossroads, Professors Srikant Datar and David Garvin and researcher Patrick Cullen identified creative and innovative thinking as an essential skill for managers operating in a world of rapidly evolving product and business models and ever-increasing complexity. In this talk, Professor Datar will describe how managers can develop design thinking and innovative problem-solving skills. These skills include the ability to gain deep insights about users (the core of design thinking); to define and reframe problems; and to overcome fixedness in thinking to generate, develop, and implement novel and effective solutions. Professor Datar will also discuss how managers can build innovative organizations, identify innovative individuals, form innovative teams, and nurture innovative cultures. 

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Partners

HBS Alumni Angels Association
HBS Alumni Clubs & Associations
HBS Rock Center for Entrepreneurship


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KEY DATES


Mon, February 1 at 9am:

Plan submission deadline* including online application and executive summary 

February/March:
Regional competitions held 

Fri, March 25, 2016:
Regional winners named 

April 1-15, 2016:
Judging and crowd voting takes place

April 26, 2016:
Winners announced at Student & Alumni New Venture Competition finals 
on HBS campus

How past participants
are succeeding