Launched in 1996, the Edward L. Kaplan, '71, New Venture Challenge is recognized as the #1 university accelerator program in the nation. The program has graduated more than 160 start-up companies still in operation today and created thousands of jobs for the economy. NVC companies have achieved more than $4 billion in mergers and exits, including Braintree, which acquired Venmo and was then later acquired by PayPal in 2013 for $800 million; Bump Technologies, which was acquired by Google in 2013; and GrubHub, which completed an IPO in April 2014. Today, the NVC is a top-ranked business launch program designed to help student teams turn their ideas into viable businesses.
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