HBS New Venture Competition - Alumni Track 2017-2018
Description

Welcome to the 2018 HBS New Venture Competition - Alumni Track! The New Venture Competition (NVC) serves as a launch pad for innovative new ventures from HBS alumni, providing access and exposure to potential investors, mentors, and advisors. The annual event is sponsored by the Harvard Business School's Rock Center for Entrepreneurship and Alumni Clubs & Associations. The competition is open to alumni with early-stage ventures, and winners receive an invitation to the student and alumni NVC Finale to be held on April 18, 2018.

APPLICATION ROUND

Apply by January 29, 2018, 11:59pm ET. You can save and modify your application at any point prior to the January 29 deadline, as long as you do not hit the "Submit" button. Once you hit the "Submit" button, you will not be able to modify your application.

REGIONAL COMPETITIONS ROUND

The first round begins at the regional level. You will apply to an NVC alumni club in one of 14 global regions by completing the application herein and hitting the “Submit” button. (view the NVC Region Territories document in the Downloads section below for reference). 

If your team is chosen to pitch at the regional competition, you will be asked to submit a pitch deck (template below in Downloads section for guidance) to your NVC Region Lead. Regional Competition dates vary. After applications close on January 29, 2018, your NVC Region Lead will reach out with next steps and a date for your regional competition.  If you win the regional competition, a pitch deck and 90-second video will be required of you by March 28, 2018 to move onto the Global Semi-Finals round.

GLOBAL SEMI-FINALS & FINALS ROUND - April 18, 2018 (HBS Campus)

The Global Semi-Finals and Finals round will take place on the HBS campus on Wednesday, April 18, 2018.  Regional winners will pitch live to a panel of HBS alumni investors and founders.  Four finalists will be selected to pitch live in a finals round that same day.

The 4 global finalists will have 15 minutes to pitch and 15 minutes of Q&A in front of prominent HBS alumni venture capitalists. These venture capitalists will select the Grand Prize and Runner-up winners. The 4 global finalists will also do a 90-second pitch on stage at the New Venture Competition Finale. All winners will be announced at the finale.

  • Grand Prize Winner: $75,000
  • Runner-up Winner: $25,000
  • Crowd Favorite Winner: $5,000 (chosen via a live poll at the finale)

GOOD LUCK!

Rules
  • The venture must have an HBS alumni as a founder. You may be asked to provide documents verifying your role and equity stake in the venture.
  • Ventures must have less than $2 million USD in revenue. In addition, they may not have raised more than $1.5 million USD in total debt/invested equity capital. This amount includes money received through grants, awards, and other funding sources.  Teams must meet both criteria.  Invested capital is defined as funding appearing on the balance sheet at the time of the submission, which is no later than January 29, 2018. Teams will disclose any prior funding received at the time of registration.
  • HBS Investors are not eligible to submit companies unless they are identified as a founder and involved full-time in the day-to-day operations. The HBS Founder must be represented at all events and be the pitch lead.
  • Investment funds, acquisitions, and consulting services are not deemed "new ventures" and are not eligible.
  • Cash and in-kind prizes are awarded solely to participating companies and not to any grant-funding institutions.
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The HBS Rock Center for Entrepreneurship & Alumni Relations Office reserves the right to disqualify any entry that violates the rules or spirit of the competition. The decision of the Rock Center and Alumni Relations is final and binding.

 
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