
Celebrating 15 Years
Challenge yourself to transform your big idea into a successful business with the New Venture Challenge.
The New Venture Challenge is a premier venture competition available for all CMU students. NVC consists of five competitive tracks with over $100,000 in total cash prizes - awarded to the top ventures and innovative ideas.
Through the New Venture Challenge you will learn start-up skills, build key relationships, pitch your ideas, and compete for funding.
To help you prepare for the New Venture Challenge we host a series of workshops, mentor meetups and networking events that will engage your entrepreneurial mindset.
2025 marked the 15th anniversary of our signature competition. We recognized alumni and supporters of the program and introduced new special awards and competition categories. Explore highlights from this year below.
Learn about the 6 competition categories and the requirements to compete.
We host mentor meetups, workshops, and provide support to help prepare your team for the 2026 New Venture Challenge. Listed below are a few of the resources provided by the Isabella Bank Institute for Entrepreneurship. Please check out the New Venture Challenge resource page for a complete list of internal and external resources.
What is it like to come up with a venture idea and pitch at the New Venture Challenge? Check out what NVC 2023 top prize winner Zach Bagby has to say.
For descriptions and requirements of all NVC competition categories please visit the NVC rules and guidelines page.
The New Venture Challenge is a competition and celebration of entrepreneurship and innovation at CMU.
There are many opportunities to compete and win cash awards. Review the competition rules and guidelines.
You can prepare for the New Venture Challenge by attending our free Mentor Meetups and NVC 101 workshops.
Do you need feedback on your idea? Consult with experienced entrepreneurs through our NVC Mentor program.
Resources and funds are available to help support the development of your venture.
Do you have an idea for a product? We can help you design and build your prototype for free.
Not yet ready to compete in the New Venture Challenge? Learn about our 2-minute pitch competition and other entrepreneurial programs.