New Ventures Accelerator 2017
New Economy. New School. Global Connections.
The New Ventures Challenge 2017 is a business idea competition that offers startups the opportunity for an average of $50,000 in seed investment and entry into the Flywheel Accelerator, which will be The New Ventures Challenge 2017 is a business idea competition that offers startups the opportunity for an average of $50,000 in seed investment and entry into the Flywheel Accelerator, which will be running from June 5th through August 31st of 2017.
APPLICATIONS ARE DUE BY MARCH 31ST, 2017. FOR COMPLETE INFORMATION, TERMS AND CONDITINS ON THE CHALLENGE AND ACCELERATOR GO TO:
Challenge landing page is: http:/www.newventuresnc.com/
The Twitter handle is @NewVenturesNC
The challenge is broad based and will consider any ideas in the categories of Business or Consumer Software Development and Applications, IT and Informatics, High Technology, and Device Innovation. The New Ventures Challenge 2016 has particular interest in ideas that intersect with the following domains:
3-D printing applications and systems
Financial and Insurance tech
Advanced textiles (especially those intersecting with biomed and nanotech)
IOT microelectronics and software
Logistics and supply chain management systems and technologies
Aerospace systems and design
In addition to pre- and post-revenue startup teams and companies, student teams from accredited higher education institutions are encouraged to apply. Refer to eligibility requirements for more information.
Selected from the pool of applicants, up to eight teams will be deemed winner and be accepted into the Flywheel New Ventures Accelerator and awarded the following cash prizes as the first tranche of an average $50,000 investment per team in return for a 7.5% equity stake:
$35,000 first prize
$15,000 second prize
$10,000 third prize
$5,000 for up to five runner-ups
Refer to the sample term sheet at: www.newventuresnc.com/terms/. A portion of the proceeds will be used for occupance and fees. Additional investments will be based on milestone achievement as teams progress through the accelerator. The awards will be announced at an award ceremony at the conclusion of the challenge. more