5 Reasons to Apply to the $100k New Ventures Competition
Recognized by Forbes as one of the leading business plan contests in the United States, the $100k New Ventures Competition is an opportunity that you do not want to miss. Hosted by the Tufts Entrepreneurship Center, this flagship venture competition at Tufts University is the launchpad for your new idea. Students, faculty, staff and recent alumni from all 11 schools and colleges are invited to apply. Early-stage innovators and entrepreneurs pitch their ideas in three tracks: General Technology, Social Impact and Healthcare & Life Science.
We spoke to some past participants and rounded up their top 5 reasons to enter the $100k New Ventures Competition. Check out what they had to say:
1) Prize Money
It's no surprise that most teams enter the $100k Competition in hopes of winning some money to kick-start their ventures. This year, the cash and in-kind prizes are valued at over $170,000, including the new Friedman Nutrition Innovation Institute (FNII) Prize.
Developing connections and partnerships can be a key part of the business process. Participating in the $100k Competition exposes your team and your business to a larger network of well-connected individuals that could help your business grow.
3) Learning Experience
The $100k Competition is an opportunity to learn and develop the skills and competencies that are essential for creating companies. The application process encourages you to think about each aspect of your business and pitching the business to a panel of judges is a valuable learning experience. In addition, each Wednesday this spring, Tufts Entrepreneurship Center will host its Deep Dive Jumbo Café series. Topics for these educational workshops range from market sizing & analysis to entrepreneurial law and more.
4) Move Your Business Forward
Whether you've been working on your business for a while or your business is relatively new, the $100k New Ventures Competition will help you build momentum and take your business to the next level. Gain valuable exposure to other innovators in the community as well as potential investors.
One-on-one coaching is an opportunity to gain feedback, ask specific questions and receive guidance. This year, applicants can take advantage of one-on-one popup coaching with one of several mentors. Coaches include faculty, TEC Advisory Board members, and alumni working in startups and established businesses.
Want to learn more about the application process & what to expect as a participant?
Visit the Tufts Entrepreneurship Center's student portal.
Deadline to Apply
Applications are open for the $100k New Ventures Competition throughout the month of February until Feb. 28. Start your application today.