Buy Tickets

Powering a New Generation of       Black Innovators

New Venture Competition

Powering a New Generation of

    Black Innovators

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 monetary 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.

When

February 19-20, 2021

Huntsman Hall

3730 Walnut Street

Philadelphia, PA 19104

Where

Open Application Period

Sept. - Oct. 2020

Application Screening Process

Oct. - Nov. 2020

Top 20 Semi-finalists Announced

Late Nov. 2020

Workshop Modules for Top 20 Semi-finalists with NVC Mentors

Late Nov. - Dec. 2020

Delivery of Short Pitches by Top 20 Semi-finalists to NVC mentors

Early January 2021

Top 10 Finalists Announced & One-on-one Office Hours with NVC Mentors

Mid Jan. - Mid Feb. 2021

Who is eligible for this competition?

Dreamers

Creators

Innovators

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:

  • Black founder, co-founder, or other member of C-suite
  • Revenue-generating (no minimum)
  • Pre-seed, Seed, or Series A stage
  • Company founded within four years of competition date
  • Open to all geographies, business sizes, and industries

Visionaries

Trendsetters

Judging Criteria

Business Model Validation

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?

icon-checkmark-circle_1
icon-checkmark-circle_1

What other solutions exist today that also solve for the identified problem? Does the startup have any competitive advantages or moats?

Market Landscape

Founding Team Experience

Does the current team have the required skills for execution?

icon-checkmark-circle_1
icon-checkmark-circle_1

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?  

Strong Product-Market Fit

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 monetary prizes to springboard their businesses.

 

Judges will be announced in Fall 2020.

Industry Practitioners

Our Judges

Ashley Myers

Design your blueprint with us

Buy Tickets

Become a Sponsor

For inquiries and more information on sponsorship opportunities, please contact us at: wmyconference1@gmail.com

Email us