Coming into its 17th year, the UCSB New Venture Competition is an opportunity for any UCSB student to learn how to start a business.
The 2016 New Venture Fair Teams
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.