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$100k New Ventures Competition

Highlighted by Forbes as one of the 15 biggest university-sponsored competitions

 

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
  • Social Impact Track
  • Medical Devices & Life Science Track

 

Virtual Event: $100k New Ventures Competition 2020

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!

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Competition Resources

The Executive Summary documents are courtesy of LaunchPad Ventures Group LLC.

Frequently Asked Questions

Who should enter each track of the competition?

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 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.

Who should enter the Medical Devices & Life Science Track?

Businesses with a focus on medical, health, and wellness topics. This includes Dental, Veterinary, Biomedical, and Nutrition-focused businesses

How do I enter the competition?

The application window for 2020 is now closed.

If you have questions, please contact Carol Denning, Program Administrator, Tufts Entrepreneurship Center.

Who is eligible for the Tufts $100k New Ventures Competition?

Applicants to the Tufts $100k New Ventures Competition must have actively participating executive or founding team members in major roles who are one, or more, of the following:

  • Matriculated Tufts University undergraduate student
  • Matriculated Tufts University graduate student
  • Full-time Tufts University Postdoc, Research Fellow or Resident
  • Tufts University faculty
  • Full-time Tufts University staff
  • Current Tufts researcher
  • Tufts University recently graduated alumnus (must have graduated from Tufts University within the last 5 years)

Non-Tufts team members: Non-Tufts team members may be part of the venture’s management team and may participate in planning the venture.  However, the Tufts team member(s) are expected to:

  • Have an ongoing active role in the day-to-day operations of the venture
  • Be the driving force behind the venture
  • Hold an executive role in the founding management team of the venture
  • Ownership in the aggregate of a minimum of 15% of the equity in the venture

Applicants are only allowed to move into the final $100k Competition on 1 team. Applicants can be on multiple teams up to the semi-final stage, but can only move into the finals on 1 team. Additional details on eligibility can be found here.

How do I claim my prize?

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.

Check out past winners of the $100k New Ventures Competition.

2020 Winners

Winners of the first-ever virtual competition included a sustainable aquaculture shrimp farm, noninvasive bladder cancer screening, and an online resource for accessible travel accommodations.

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2019 Winners

From health clinics designed for women in the Bangladeshi garment industry to an alcoholic "hard" kombucha tea and more!

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2018 Winners

Winners included a portable catheter sterilizer, wastewater nanofiltration, and a high-tech machine learning method of helping smallholder farmers.

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2017 Winners

Winning teams presented ventures about efficient glaucoma diagnosis, extending the shelf-life of perishable foods, and even socially-responsible custom shoes!

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2016 Winners

Teams ranged from presenting a high-tech way to hire musicians to networked sensors for ocean research, noninvasive brain disorder diagnosis, and more!

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2015 Winners

Winning ventures included a marijuana potency analyzer, novel therapies for breast cancer, and high-tech mobile tactics for increasing global literacy.

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