NVC 2014 is in the books!

Every spring for the past 23 years the University of Oregon has hosted a business plan competition. What started with just a few teams from within Oregon has evolved to be an international event with teams competing from all around the world! The New Venture Championship (NVC) is held in Portland, Oregon, giving global student teams a chance to visit the beautiful Pacific Northwest. This year NVC teams came from across the United States, Thailand, Hong Kong, and India.

There are several different competitions within the business plan championship including Best Written Business Plan, Best Elevator Pitch, Trade Show Exhibition, and the overall championship. All 16 competing teams left the competition with cash to help them pursue the launch of their business. With over $55,000 awarded under three days each day and event proved to be very exciting and competitive.

NVC 2014 was a wonderful success and as a first-time attendee I was truly inspired by the business plans and teams that competed. The collaborative nature of these teams meant students of business, law, and the sciences were well represented giving a very well rounded turnout.

Additionally, the judges that volunteered their time, energy, and resources proved to be invaluable! Each team had interactions with several judging panels, each of which provided insightful feedback. These judges range in expertise and industry, but represent some of the brightest minds in business and otherwise in the Pacific Northwest and beyond. We are fortunate to have such a dedicated group of judges year after year!

Though I will be graduated, I will make every effort to attend this event next year. Not only are the businesses quite impressive, but the students are engaging and the atmosphere is electric! I strongly encourage those interested in business and entrepreneurship to attend NVC and competitions like it!

Final results from NVC 2014 can be found here! Also, please visit NVC’s YouTube channel to see Elevator Pitches and more from this year’s competition!

Here are some highlights from NVC 2014:

Team RediGen from Thailand took home the grand prize of $25,000

 

An NVC competitor competing in the 60 second elevator pitch competition on Thursday night.

 

Friday night bowling: Team members from Chiron Medical, CYANO Solutions, LifeM, and uHoo

Written by lloepp

Lauren is an MBA Candidate in the Lundquist Center for Entrepreneurship. She is a native Oregonian who came to the Oregon MBA after receiving a BS in Psychology from Linfield College and working in business development at an Oregon Research and Development company. She plans to work with businesses in organizational behavior and culture to manage organizational change.