The New Venture Challenge is an annual, application-based eight-week course that aims to empower student entrepreneurs to grow successful businesses and culminates in a competition for a significant financial investment in their business. The latest winners included Melts, which received a $50,000 investment, along with Time Together, which received $15,000.
New Venture Challenge was pioneered by entrepreneur and visiting scholar, professor, and researcher Scott Wald (BS Management ’76, MBA ’79) and is run by the Center for Entrepreneurship and New Business Design at ASU's W. P. Carey School of Business.
For students, the challenge is a unique opportunity to take their established entrepreneurial businesses to the next level, as they develop business and financial models and attend classes featuring guest speaker sessions focused on entrepreneurship alongside their fellow competitors. Various professional mentors are also available to coach and provide feedback.
Students can apply for the next New Venture Challenge class, beginning Monday, March 11.