Prizes
Track Specific Prizes
Vertical 4 Tracks:
- 1st place winners selected from these tracks will each win $10,000.
- 2nd place winners selected from these tracks will each win $7,500.
- 3rd place winners selected from these tracks will each win $5,000.
Explorer Track:
- 1st place will win $1,500.
- 2nd place cash prize $1,000.
- 3rd place cash prize $500.
*Winners of cash prizes will have one year to register as an LLC to claim the money.
Specialty Prizes:
- Specialty prizes will reflect the skills and values of the NVC program.
- Winners will be chosen by the OIE staff and Round 3 judges.
- Spirit of NVC Award
The Spirit of NVC Award recognizes a finalist team that embodies the core values of the New Venture Competition—dedication, curiosity, enthusiasm, evolution, and self-awareness—throughout the competition journey. Selected by the Office of Innovation & Entrepreneurship (OIE) staff, this award honors a team that demonstrates resilience, a commitment to learning, and a willingness to adapt and grow as entrepreneurs. This prize celebrates the entrepreneurial spirit that drives innovation and success beyond the competition.
Sponsored by: Greg Wong
- Best Financial Understanding Award
The Best Financial Understanding Award recognizes a finalist team that demonstrates a clear, thoughtful, and well-structured approach to startup financials, economic principles, and revenue projections. This prize is awarded to the team that effectively showcases a strong grasp of cost estimates, income projections, financial sustainability, and overall economic viability in their NVC application and presentations. The winning team exhibits a deep understanding of their financial model, providing realistic and well-supported financial strategies that set the foundation for a successful venture.
Sponsored by: Strategic Investment Group
More prizes to be announced!
