The Central Michigan University New Venture Competition (NVC) provides a forum and serves as a catalyst for students to turn their ideas into sustainable business ventures. All participating teams gain insight, advice, mentorship and expertise from seasoned entrepreneurs, alumni, venture capital experts, angel investors and community leaders.
The experience offers workshops, coaching, and networking over an eight month period, starting in September and culminating on Venture Competition Day, March 28, 2014.
Entrepreneurs are encouraged to gather customer and marketplace input, build a rough prototype of their "product or service" and use the information to improve and evolve their start-up business.
Start-Up Capital AWARDS for NVC 2014
Best Overall Venture - $ 30,000
Best Social Venture - $ 10,000
Best Technology Venture - $ 10,000
Most Impact on Michigan Venture - $ 10,000
Highest Growth Potential Venture - $ 10,000
Best Lifestyle Venture - $ 5,000
Spirit of Entrepreneurship Venture - In-Kind Services
Best Overall Pitch - $ 1,000
1st Runner Up - $ 500
2nd Runner Up - $ 250
The CMU NVC 2013 awarded over $65,000 in start-up cash and in-kind prizes for start-up capital.
2013 NVC Winners