The New Venture Competition (NVC) is UC Santa Barbara’s premier entrepreneurial experience, giving students a detailed understanding of how to launch their own successful technology start-up. Working in multidisciplinary teams under the guidance of mentors drawn from the region’s business and investment communities, young innovators learn how to identify and validate business opportunities, develop a market- tested business model, prepare detailed financial projections, assemble a founding team, deliver a compelling investor pitch, and much more.
Running through most of the academic year, the NVC begins in the fall quarter with events that promote team formation and idea generation. During the winter quarter, teams go through an intensive period of coursework and mentoring to refine their business concepts. The NVC culminates in a series of public events during the spring quarter, where teams present their ideas and business models to a panel of experienced professionals, competing for prizes and resources to launch their new ventures. The NVC experience has bred many start-ups that have gone on to become thriving companies. All NVC students learn leadership and management skills that they can apply either as entrepreneurs or employees in established companies.
Alumni make waves in the tech-industry by launching successful enterprises and becoming the next generation of entrepreneurial leaders.