Post on 30-May-2018
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2007 New Venture ChallengeNorthwesterns university-wide entrepreneurship competition
Slideset Title
2007 InNUvationNU Venture Challenge
Wednesday, January 17th
4:00pmTech L251
Northwestern Universitys Entrepreneurship Competition
Undergrad Kick-off Meeting
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About the competition
NUs 1st university-wide entrepreneurshipcompetition
Relevant experience for all career paths If youre passionate about or want to learn
more about entrepreneurship, thiscompetition is for you!
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Entrepreneurship
Excellent time for entrepreneurs
Strong support from Chicago-areaentrepreneurial community
Most IPOs priced since 2000
US VC funding highest since 2001
A lot of great companies started by undergrads
A lot of great companies started in non-tech
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How to compete
Teams of up to 6
At least half of team must be currently enrolledat Northwestern
Encouraged to find team members in otherschools Kellogg School of Management
Feinberg School of Medicine
Medill School of Journalism
School of Law All Northwestern schools
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Competition Details
1st Round Business plan abstract
Semi-finals Round 3 minute elevator pitch + 7minutes of Q&A
Final Round 15 minute presentation + 15minutes of Q&A
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Timeline
Feb. 28
Apr. 13
Apr. 16
Apr. 21
May 12
Sign-up deadline
First Round deadline; business plan abstracts due
Semi-finalists announced
Semi-final Round - teams present 3-minute elevator pitchand finalists announced at end of day
Final Round & Gala
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Judging
Judged primarily upon likelihood of businesssuccess
Additional criteria:
Creativity of opportunity and business concept Appropriateness of the strategy
Reasonableness of the plan for financing thebusiness
Judges - panel of entrepreneurs, early-stageinvestors, faculty, and Chicago-area businesscommunity members.
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Prizes
Total cash prizes of $30,000 withsubstantial grand prize. Prizes expected
to grow to at least $50,000.
Substantial in-kind gifts including designexpertise, executive advice, and mediaexposure.
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Mentors
Mentors
Each team will be assigned a mentor duringearly March
Drawn from Northwestern Universityscommunity of entrepreneurs, VCs, and faculty
Will serve as a sounding board for ideas
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Upcoming events
Training events: Abstract/elevator pitch workshop
Finance workshop
Marketing workshop
Office hours
Team building events: Business idea mixers (Tuesday, Jan 23rd)
Mentor social event
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Applied Research Day
Week of February 19th
Come find out about the latest Northwesternresearch and their potential applications
Learn how to turn research into a successfulbusiness idea
Team up with science and engineering students
for the New Venture Challenge Open to all Northwestern students
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Get Involved!
Help us make the INVC a success!
We have open positions:
Marketing Judges/Mentorship
Event logistics
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Next steps
Attend InNUvation events to:
Brainstorm business ideas
Meet new people Form teams
Learn more about entrepreneurship
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Contact Information
Andrew Chen
achen2008@kellogg.northwestern.edu
Dave Silverman
dsilverman2007@kellogg.northwestern.edu