More knowledge, more power
Sign up free to keep exploring.
Access unlimited articles and study guides
Discover top subjects and destinations
Get the personalised guidance you need to succeed
Back
Sign up with Google
Sign up with Facebook
By signing up I agree to share my data and according to
User agreement, Cookie policy
and
Privacy policy.
OR
Sign up
Sign up with Email
Already have an account?
Sign in
We use Necessary cookies to make our website work. We’d also like to set optional Functional cookies to gather anonymous site visitation data and Advertising cookies to help us understand which content our visitors value the most. By enabling these cookies, you can help us provide a better website for you. These will be set only if you accept.More information about the cookies we use can be found here Cookies Policy
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in, or filling in forms.
We may use a set of cookies to collect information, report site usage statistics and understand how visitors engage with the website. In addition to reporting site usage statistics, data collected may also be used to personalize your experience and remember your chat history. We may also use these data, together with some of the advertising cookies described, to help show more relevant ads across the web and to measure interactions with the ads we show.
We use cookies to make our ads more engaging and valuable to site visitors. Some common applications of cookies are to select advertising based on what’s relevant to a user; to improve reporting on ad campaign performance; and to avoid showing ads the user has already seen.
Help us to know you better
Thanks for visiting TopUniversities.com today! So that we can show you the most relevant information, please select the option that most closely relates to you.
Views
Chicago Booth: The Global New Venture Challenge
Save
Share
Share via
Share this Page12
Table of contents
Table of contents
Top teams from The University of Chicago Booth School of Business’ London, Hong Kong and Chicago campuses pitched their business ideas before a panel of judges as part of the Global New Venture Challenge, with a top prize on offer of US$70,000.
Second-year students on the Chicago Booth Executive MBA programme are eligible to apply to the challenge and participate as one of their capstone course requirements.
One major benefit is the participation of Booth alumni and members of the business community in the coaching and judging portions of the competition. More than 80 coaches, judges, panellists and guest speakers participate each year.
Waverly Deutsch, clinical professor of entrepreneurship at Booth and director of Chicago Global Entrepreneurs Network at the Polsky Centre said: “The Global New Venture Challenge (GNVC) started 14 years ago as an outgrowth of the New Venture Challenge process begun at Chicago Booth 25 years ago.
“At first the GNVC was an extracurricular activity but was later added as a for-credit class. In the last seven years, the prize money was converted into founder-friendly investments in the company – rather than simply cash prizes. Our hope is that supporting these companies will make the GNVC process self-sustaining as companies exit and our investments generate returns.
“These returns are already being seen, for example when GrubHub had its IPO. That funding goes back into programmes that support entrepreneurship at Chicago Booth and the Polsky Center for Entrepreneurship.”
The winning team
The importance of competitions on EMBA programmes
Taking home the gold
Why Booth for an EMBA?
Is the GNVC worthwhile?
Niamh was Deputy Head of Content at QS (TopMBA.com; topuniversities.com), creating and editing content for an international student audience. Having gained her journalism qualification at the Press Association, London and since written for different international publications, she's now enjoying telling the stories of students, alumni, faculty, entrepreneurs and organizations from across the globe.
Recommended Articles Last year
5 benefits of practice-based…
One key factor that differentiates top-tier programmes from the rest is their emphasis on practical, experiential learning. The University of Bath School of Management has pioneered an approach to business education that transforms knowledge into action, challenging the traditional boundaries between academic insight and real-world impact.
Redefining business educatio…
Top ten financing rules for…
It is well known that an Executive MBA comes with a price tag so it pays to start planning your EMBA financing strategy well in advance.