$100k New Ventures Competition
This annual competition draws entries from alumni, faculty, staff, undergraduate students, and graduate students from all ten schools across the university. Teams compete for prizes and in-kind services totaling more than $100,000 in three tracks:
- General Technology Track
- Healthcare & Life Science Track
- Social Impact Track
We're kicking off this year's $100k New Ventures Competition with educational workshops, 1×1 coaching, and pitch practice in February and March. Apply between February 1 - 28 to pitch your venture to potential employees, advisors, investors, and more - all while competing for prizes valued over $100,000 in non-dilutive funding and in-kind services.
In the true spirit of entrepreneurship, we pivoted to an exciting virtual event for this year's competition in lieu of the on-campus activities. To learn more about the finalist teams that competed, watch the awards ceremony, and discover the winners, read more here!
Frequently Asked Questions
Who should enter the General Technology Track?
New ventures or businesses geared towards creating value in the private high-technology or other sectors not classified as Life Sciences or Social Entrepreneurship.
Who should enter the Healthcare & Life Science Track?
Businesses with a focus on medical, health, and wellness topics. This includes Dental, Veterinary, Biomedical, and Nutrition-focused businesses.
Who should enter the Social Impact Track?
Businesses with a mission to create and sustain social value. Businesses that benefit society and promote active citizenship. A significant part of the venture is dedicated to one or more of the following: creating a positive social impact, improving living conditions, upward economics or social mobility, or environmental impact. Social Ventures can be not-for-profit, for-profit, or hybrid.
Winners should contact Tufts Entrepreneurship Center to claim their prize. Winners must claim their prize within 6 months of the competition. If a team is unable to collect within 6 months of the competition, a formal request for an extension must be approved. Approval will be on a case by case basis. Prize money is for startup and operating costs and cannot be used for personal expenses.
Prize payments are treated as income by Tufts and the IRS, regardless of whether the payment is made to an individual or a company and are taxable. Non-U.S. citizens are taxed on their prize money at a rate of up to 30%, which is withheld from their prize checks.