Since its beginning in 1999, the UCSB New Venture Competition (NVC) provides a unique opportunity for UCSB students to learn how to start a business.
The NVC is an eight-month educational experience, with activities and curriculum spanning the entire academic 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, participants are offered NVC preparation courses and a variety of topical seminars that provide a learning experience similar to that of a startup accelerator.
- The competition culminates with two Spring Quarter events: The New Venture Fair, where student teams present their businesses to the public in a tradeshow-style format, and the New Venture Finals, where the finalist teams present an investor pitch to a panel of judges for prize money.
Local business executives and entrepreneurs mentor the students throughout the NVC process, and provide valuable contacts that enable the teams to validate their ideas and business models.
The NVC is made possible by a group of generous community sponsors who fund the cash prizes awarded at the NVC, and help to cover the cost of the program.