New Venture Competition

about
New Venture Competition

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.

Program Updates

To stay current on information and fall events, join the New Venture Competition project site by first logging into Gauchospace (using your UCSBNetID) and searching for the New Venture Program 2023.

Recorded on Thursday, May 19, 2022 at 3 pm, Corwin Pavilion

New Venture Program sponsors include CNSI at UCSB, Materials Research Lab at UCSB, Wells Fargo, ScOp, CSoCal IP Law Group, cresa, Fenwick, Entrada Ventures, Reicker Pfau Law Firm, Deloitte, Bartlett Pringle and Wolf, Maps.com, PayJunction, Santa Barbara Angel Alliance, LogicMonitor, appfolio, Gem Goleta Entrepreneurial Magnet, Montecito Bank & Trust, Economics at UCSB, JP Morgan, Chase.

 

Miss or want to replay the 2021 New Venture Competition? You can stream the video on demand. Click on video chapters to jump to the portion you wish to view. 

Chapter 1: Introduction from New Venture Program Director, Dave Adornetto; Chapter 2: Team Solaris; Chapter 3: Team Aquipur; Chapter 4: Team Eel Armor; Chapter 6: Team Ultim; Chapter 7: Team Scopen; Chapter 8: Team Tesserol; Chapter 10: "Best of" High School; Chapter 11: Awards  

faculty offering feedback on student business pitch

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.

student presenting business idea before judges and audience