New Venture Competition

Coming into its 17th year, the UCSB New Venture Competition is an opportunity for any UCSB student to learn how to start a business. Competition events take place throughout the school year.

  • In the Fall Quarter, students brainstorm business ideas, form teams and learn how to formulate and recognize a compelling value proposition.
  • In the Winter Quarter, students can take a course that gives them a learning experience similar to that of a business incubator.
  • The year's activity culminates in two Spring Quarter events: At the New Venture Fair, student teams present their businesses to visitor from the business community in a trade show-style format. A month later, finalist teams present their investor pitches at the New Venture Finals in Corwin Pavilion. All teams in the finals receive cash prizes.

Student teams are guided by mentors from the Central Coast business community, many of whom are successful entrepreneurs and buiness executives themselves. The NVC is funded by its sponsors, who contribute cash prizes and cover the cost of the competition.

The NVC has been successful at graduating companies alongside students. NVC alumni companies include InogenPhone HaloActive Life ScientificNext Energy, and many others.



2015 New Venture
Competition Winners

Grand Prize Winner: Milo

Elings Prize: ChemoGuard Diagnostics

People's Choice: Milo

Tech-Driven: 1st - Milo

Tech-Driven: Tied for 2nd- Caugnate and ChemoGuard Diagnostics

Market Pull: 1st - INSiiGHT

Market Pull: Tied for 2nd- Sesamo and Slightly Nutty