New Venture Competition
The New Venture Competition (NVC) is a pitch competition for early-stage ventures, designed to showcase a new generation of Black innovators.
The competition provides a platform for exceptional Black entrepreneurs to access expert mentorship, valuable exposure, and a strong peer network.
Selected NVC finalists will pitch their new venture in front of a panel of esteemed judges on Friday, February 19, 2021 and compete for a chance to win up to $175,000 in non-equity financing and other in-kind prizes to springboard their businesses.
The top three new ventures will be chosen to deliver their final pitch presentation at the WMY Conference on Saturday, February 20, 2021, and the following prizes will be awarded at the close of the Conference:
For any questions or concerns, please contact the NVC team at email@example.com.
February 19-20, 2021
Open Application Period
Application Screening Process
Top 20 Semi-finalists Announced
Workshop Modules for Top 20 Semi-finalists
Delivery of Short Pitches by Top 20 Semi-finalists
Top 10 Finalists Announced & One-on-one Office Hours with NVC Mentors
The competition seeks to elevate Black founders who are creating innovative products, solutions, or services that strategically tackle addressable market challenges.
To be eligible to participate in the NVC, founders must meet the following criteria:
Has the startup shown any traction or produced revenue? If not, is there evidence to validate that the current business model can produce attractive returns and is also scalable?
What other solutions exist today that also solve for the identified problem? Does the startup have any competitive advantages or moats?
Does the current team have the required skills for execution?
Is there a demonstrated need or gap in the market that the startup’s solutions solve for? Is the total addressable market substantial enough to make this a lucrative investment opportunity?
The strength of an application submission will be assessed against the following four category areas:
Selected NVC finalists will have the opportunity to pitch their new venture in front of a panel of esteemed judges and compete for a chance to win up to $175,000 in non-equity financing and other in-kind prizes to springboard their businesses
Selected NVC finalists will have the opportunity to connect for two one-on-one sessions with our NVC mentors to further refine their pitch and seek additional business guidance on their ventures
For inquiries and more information on sponsorship opportunities, please contact us at: firstname.lastname@example.org