Since its inception in 1999, the New Venture Competition (NVC) has continued to grow in popularity and quality, and has become an important and transformational educational experience at UC Santa Barbara. NVC is unique relative to many university business competitions in that it is open to students of all majors and levels at UCSB, and it requires participants to complete a rigorous eight-month program to develop, refine, and validate their businesses. The entire process involves a variety of preparation courses, workshops, and seminars led by an outstanding and committed group of faculty and industry mentors.
Hands-on Learning & Mentorship
Through hands-on instruction and industry mentorship, students learn to create and launch a startup business and compete in the annual New Venture Competition (NVC), UCSB’s flagship entrepreneurial experience. Working in multi-disciplinary teams under the guidance of faculty and mentors, students learn about and practice business model development, customer discovery, market validation, go-to-market strategies, as well as how to develop and deliver an investor pitch. Students also gain an understanding of new venture financing alternatives, legal and intellectual property matters, and methods for effective financial forecasting.
Lifelong Skills and Connections
The New Venture Competition is an eight-month educational experience, with activities and curriculum spanning the entire academic year.
In the Fall Quarter, students brainstorm business ideas, form teams and learn how to formulate and recognize a compelling value proposition.
In the Winter Quarter, participants are offered NVC preparation courses and a variety of topical seminars that provide a learning experience similar to that of a startup accelerator.
The NVC program culminates with two Spring Quarter events: The New Venture Fair, where student teams present their businesses to the public in a tradeshow-style format, and the New Venture Finals, where the finalist teams present an investor pitch to a panel of judges for prize money.
Local business executives and entrepreneurs mentor the students throughout the NVC process and provide valuable contacts that enable the teams to validate their ideas and business models.
Participants in the New Venture Competition have benefitted from the following Resources:
Paige Sundstrom, Economics & Business Librarian can be reached at Click here to show mail address.
Paige can help find all UCSB Library Business and Economic Resources.
Steve Blank's Web Site: Excellent information source for entrepreneurs.
Steve Blank Blog Post on Open Source Entrepreneurship: Compendium of free and low-cost start-up tools
Steve Blank Lean LaunchPad Lectures: Free, lays out the LLP approach to start-ups in detail
Kaufman Founders School: Lectures on Entrepreneurship Topics from the Kaufman Foundation
Raising Seed Capital: Comprehensive presentation on types of capital and pitch elements
Lynda.com: Great source of educational videos on a variety of business and technical topics
The Startup Owner's Manual, Blank & Dorf
Business Model Generation, Osterwalder & Pigneur
The Lean Startup, Ries
Info Session One
Info Session Two
Women in Entrepreneurship Event
Student Mixer 1
Student Mixer 2
Elevator Pitch Social
NVC Participation Application Due
General NVC Session: Legal Issues
General NVC Session: NVC Fair Requirements
New Venture Fair
New Venture Finals