Timeline

  • NVC

    1996

    Jeff Meyer, MBA '97, approached Professor Steve Kaplan with an idea to launch a business plan competition at Chicago Booth; New Venture Challenge launched with support from Edward L. Kaplan, MBA '71, founder of Zebra Technologies, who provided the initial prize money.

  • Ellen Rudnick

    1999

    Ellen A. Rudnick, MBA '73, joins Booth as Executive Director for Entrepreneurship.

  • Michael Polsky

    2002

    Michael Polsky, MBA '87, gives $7 million naming gift to support students with their entrepreneurial ventures via the Polsky Center for Entrepreneurship and Innovation at Booth.

  • Matt Maloney

    2006

    Online food delivery company GrubHub, founded by Matt Maloney, SM '00, MBA '10, wins the NVC.

  • Bryan Johnson

    2007

    Payments processor Braintree, founded by Bryan Johnson, MBA '07, wins the NVC.

  • Global NVC

    2008

    Global New Venture Challenge debuts for executive MBA students in Chicago, Europe, and Asia.

  • 2011_SocialNVC_Timeline

    2011

    Social New Venture Challenge debuts to accommodate growing student interest in social entrepreneurship.

  • College NVC

    2012


    College New Venture Challenge debuts to create a supportive environment for undergraduate UChicago students interested in venture creation.
  • Edward Kaplan

    2012

    Edward L. Kaplan, '71, endows NVC; Michael Polsky, MBA '97, makes second gift to help expand the Polsky Center’s mission to support venture creation across the entire University of Chicago campus.

  • John Edwardson

    2013

    John Edwardson, '72, endows Social New Venture Challenge (SNVC) track of the NVC dedicated to launching businesses with a social mission.

  • Seed Accelerator Rankings Project

    2015

    NVC is ranked #1 university accelerator program in the nation.

  • NVC 20th Anniversary

    2016

    Polsky Center celebrates 20th anniversary of the NVC: “From Idea to Impact". The NVC is once again recognized as a top-ranked accelerator program in the nation by the Seed Accelerator Rankings Project