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 200 startup companies still in operation today and created thousands of jobs for the economy. NVC companies have achieved more than $9 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 accelerator program designed to help student teams turn their ideas into viable businesses.
The winning NVC team takes home the Rattan L. Khosa First-Place Prize, which is approximately $200,000—one of the largest prizes awarded in a business school competition.
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