• Skip to main content
  • Skip to main navigation
Baylor University
Hankamer School of Business
  • About
    • Facts and Statistics
    • Mission and Values
    • School History
    • Office of the Dean
    • Advisory Board
    • Organizational Chart
    • Christian Leadership and Ethics
    • Robbins Institute
    • Technology Center and Facilities
    • Maps and Directions
    • Contact Information
  • Undergraduate
    • Current and Prospective Students
    • Accounting and Business Law
    • Baylor Business Fellows
    • Economics
    • Entrepreneurship and Corporate Innovation
    • Finance, Insurance and Real Estate
    • Information Systems and Business Analytics
    • Management
    • Marketing
  • Graduate
    • MBA
    • Master of Accountancy & Master of Taxation
    • Master of Science in Business Analytics
    • Master of Science in Economics
    • Master of Science in Information Systems
    • PhD in Entrepreneurship
    • PhD in Health Services Research
    • PhD in Information Systems
    • Army-Baylor Program
    • Graduate Certificates
    • Admissions
  • Global Business
    • About the Center
    • Worldwide Discovery
    • Global Engagement Certificate
    • Global Engagement Expo
    • Why Go Global?
    • Student Resources
    • Faculty Resources
    • Giving to McBride Center
    • Global Business Connect
    • Frequently Asked Questions
  • Faculty and Research
    • Faculty and Staff Directory
    • Faculty Diversity
    • Faculty and Staff Resources
    • Industry Relations and Experiential Learning
    • Research Highlights
  • Student Resources
    • Team Room Reservation
    • Career Resources
    • HSB Scholarship Applications
    • Study Abroad
    • Student Organizations
    • HSB Peer Leader Program
  • Alumni
  • News and Events
    • News
    • Events
    • Baylor Business Review Magazine
    • Business Podcasts
  • Giving
Baylor BU Hankamer School of Business Undergraduate Entrepreneurship and Corporate Innovation Baugh Center New Venture Competition
  • Current and Prospective Students
  • Accounting and Business Law
  • Baylor Business Fellows
  • Economics
  • Entrepreneurship and Corporate Innovation
    • Programs and Course Information
    • Technology Entrepreneurship
    • Faculty and Staff
    • Student Resources
    • Baugh Center
      • About
      • Students
      • Community
      • New Venture Competition
      • Baylor Impact Awards
      • Resources
      • News
      • Events
    • News
    • Events
    • Contact Us
  • Finance, Insurance and Real Estate
  • Information Systems and Business Analytics
  • Management
  • Marketing

New Venture Competition

Baylor New Venture Competition

Award badge that reads "Awarded Top 10 Largest Collegiate Entrepreneurship Competitions - 2022; Times of Entrepreneurship"

A Transformative Experience

The John F. Baugh Center for Entrepreneurship and Free Enterprise will host the twelfth annual Baylor New Venture Competition on March 24-25 at Baylor University's Foster Campus for Business and Innovation. Applications for the competition are open now through November 6. This business plan and elevator pitch competition showcases collegiate student created, managed and led ventures from across the globe. The competition provides participants with personal and professional development through:

  • industry-specific mentorship towards sustainable business plans,
  • exclusive access to accomplished experts and fellow innovators,
  • and a chance to compete for over $250,000 in cash prizes and vital resources.

Since its inception, more than 600 student entrepreneurs world-wide have applied to compete in the competition. Nearly $1 million in cash and prizes has been awarded to these collegiate entrepreneurs. Several BNVC finalists have had additional successes beyond the BNVC. Most notably, Orai (2018 second place winner) and Nanodropper (2019 top-ten finalist) were both named to the 2021 Forbes 30 Under 30. 

Please direct all questions via email to newventurecomp@baylor.edu.

ANNOUNCEMENTS AND RESOURCES

REGISTER TO ATTEND

REGISTER TO VOLUNTEER


About the Baylor New Venture Competition

The Baylor New Venture Competition is underwritten by an anonymous gift to Baylor University and the Hankamer School of Business. The differentiator between this competition and others is the focus on encouraging student entrepreneurs worldwide to catalyze and grow their business.

Applicants will receive expert advice throughout the competition cycle:

  • Executive Summary Feedback
  • Business Plan Feedback
  • One-on-One Mentorship
  • Rounds of Pitch Coaching
  • Feedback Sessions
  • Final Presentation Feedback

The day of finals will include pitch presentations with judge Q&A, networking, a business showcase, audience participation and awards.

The Baylor New Venture Competition is successful because of the support from hundreds of experienced entrepreneurs, business leaders and sponsors.
 


2023 BNVC Prizes and Awards

New Venture Competition Awards

  • First Place: $50,000 Cash + In-kind awards
  • Second Place: $25,000 Cash + In-kind awards
  • Third Place: $10,000 Cash + In-kind awards
  • Honorable Mention (4th - 10th): $1,500 Cash + In-kind awards

*In-kind awards can include website hosting, various consultations, co-working space, legal services and more. 

NVC Elevator Pitch Awards

  • 1st Place - $1,500 cash
  • 2nd Place - $1,000 cash
  • 3rd Place - $500 cash

Oso Launch Elevator Pitch Competition Awards

  • 1st Place - $1,000 cash
  • 2nd Place - $500 cash
  • 3rd Place - $250 cash
     

2023 BNVC Eligibility


The 2023 Baylor New Venture Competition is open to teams of not-for-profit accredited university students and recent alumni around the world. There is no limit to the number of teams from a single university that may apply. For further information on team eligibility, visit the 2023 official guidebook linked in the application.
 


2023 BNVC Competition Format and Important Dates

Below is a brief description of how the rounds take place as the applicant pool is narrowed during the course of the competition:

Round One: Executive Summary (Online): September 1, 2022 - November 6, 2022
Teams submit a two-page Executive Summary of their business concept and verification of student status. Entries must be received by 11:59 p.m. (CST) on November 6, 2022. The top-50 teams will be notified of advancement to the next round.

Round Two: Business Plan (Online): December 12, 2022 - January 17, 2023
The top-50 teams will submit a full business plan, cap table, verification of establishment of a legal entity and tax forms by 11:59 p.m. (CST) on January 17, 2023. The top-ten finalist teams will be assigned a mentor and will compete in the competition finals at Baylor University.

Live Presentation Finals at Baylor University in Waco, Texas

Pre-Competition Activities: Friday, March 24, 2023 
Kickoff events and feedback sessions

Finals: Saturday, March 25, 2023
Top-ten finalist teams will be randomly chosen to present to a panel of judges. Judges will score each team and will record feedback comments. 

Elevator Pitch Competition during Awards Banquet (Evening)
Round One: 
A member from each team will present their 90-second pitch for audience polling. The top-five teams will advance.
Round Two: A different member from the top-five teams will present their 90-second pitch for audience polling. The top-three winners will be chosen according to the number of votes from the audience.


We Are Grateful for Our Generous Partners

API Worx logo
Amazon Web Services logo
Baylor Angel Network Logo
Southwest Logo
Fletcher Consulting Public Relations logo
Hulsey PC
Hunt Pennington Kumar PLLC logo
Intuit Education | Quickbooks logo
Lavni Ventures logo
Sticker Universe logo
SuVida Enterprises logo
Ten Capital Group logo
Dexter Ward & Associates logo
Woof's Stay and Play logo - Cartoon dog with bone
Ambassadors Impact Network logo
 
The Karen and Ryan Liles Family A Baylor Family Donor  

Hankamer School of Business

Paul L. Foster Campus for Business and Innovation
1621 S 3rd St.
Waco, TX 76706

One Bear Place #98001
Waco, TX 76798

(254) 710-3411
About
Give
Undergraduate
MBA
Masters and PhD
AACSB Logo
Baylor BU Hankamer School of Business Undergraduate Entrepreneurship and Corporate Innovation Baugh Center New Venture Competition
  • About
  • Students
    Back
    • Internships
    • Oso Launch
    • 1846 Business Incubator
  • Community
    Back
    • Community Entrepreneurship Program
    • Speaker Series
  • New Venture Competition
  • Baylor Impact Awards
  • Resources
  • News
  • Events
  • General Information
  • Academics & Research
  • Administration
  • Admissions
  • Gateways for ...
  • About Baylor
  • Athletics
  • Ask Baylor
  • Bookstore
  • Calendar
  • Campus Map
  • Directory
  • Give Light
  • Give to Baylor
  • Illuminate
  • News
  • Pro Futuris
  • Search
  • Social Media
  • Baylor Libraries
  • College of Arts & Sciences
  • Diana R. Garland School of Social Work
  • George W. Truett Theological Seminary
  • Graduate School
  • Hankamer School of Business
  • Honors College
  • Law School
  • Louise Herrington School of Nursing
  • Research at Baylor University
  • Robbins College of Health and Human Sciences
  • School of Education
  • School of Engineering & Computer Science
  • School of Music
  • More Academics
  • Athletics
  • Human Resources
  • Marketing and Communications
  • Office of General Counsel
  • Office of the President
  • Office of the Provost
  • Operations, Finance & Administration
  • Senior Administration
  • Student Life
  • University Advancement
  • Undergraduate Admissions
  • goBAYLOR
  • Graduate Admissions
  • Baylor Law School Admissions
  • Social Work Graduate Programs
  • George W. Truett Theological Seminary Admissions
  • Online Graduate Professional Education
  • Virtual Tour
  • Visit Campus
  • Alumni & Friends
  • Faculty & Staff
  • Online Graduate Professional Education
  • Parents
  • Prospective Faculty & Staff
  • Prospective Students
  • Students
  • Accessibility
  • Anonymous Reporting
  • Annual Fire Safety and Security Notice
  • Digital Privacy
  • Legal Disclosures
  • Mental Health Resources
  • Report It
  • Title IX
 
Baylor University
Copyright © Baylor® University. All rights reserved.
Baylor University • Waco, Texas 76798 • 1-800-229-5678