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Prizes

 

 

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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!

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NVC In-Kind Prize graphic

In-Kind Prizes

Blank Rome LLP

Blank Rome is a full-service nationwide law firm with 16 offices and over 750 attorneys. Peter Weissman specializes in patent and trademark law, and has been a long time supporter of the GW New Venture Plan competition.

Prize Description: Blank Rome is awarding a select NVC team up to $15,000 in in-kind legal services for patent and trademark support. Please note that this award covers legal fees only and does not include additional costs such as government filing fees. Additionally, the award cannot be used in cases where a conflict exists with a current Blank Rome client.

 GW Office of Integrative Medicine & Health

The Office of Integrative Medicine & Health (OIMH) at George Washington University advances whole-person health through interdisciplinary research, education, and clinical innovation. Our mission is to bridge integrative medicine with conventional care, fostering evidence-based approaches to resilience, well-being, and optimal health. Through collaborative initiatives, we develop programs that empower individuals and healthcare professionals to implement integrative strategies for lifelong wellness.

Prize Description: The Office of Integrative Medicine & Health (OIMH) is awarding a NVC team with four (4) sponsored podcast episodes to feature their work relating to evidence-based well-being, health & wellness, or integrative medicine. This is a unique opportunity to gain visibility, credibility, and audience engagement within the health and wellness community!

School of Medicine & Health Sciences

 

More prizes to be announced!