The Miller New Venture Challenge at Brigham Young University is the largest, single-university competition of its kind in the nation with hundreds of thousands of dollars in cash and in-kind services awarded each year to its winners. It is comprised of a series of workshops and competitions including the Big Idea Competition and Business Model Competition designed to help students launch successful businesses. The NVC maintains a unique focus on the business modeling process and boasts a summer acceleration program. Participants of the summer acceleration program return the next year to pitch to potential investors at Investor Day.
- Competition Organizer
Rollins Center for Entrepreneurship & Technology at BYU
- Local US Event
- Provo, UT
- Submission Date
- Business Plan Submission Date
- Awards Date
- Total Prize Cash (US Dollars)
- Competition Category
- Graduate - Local U.S.
- Undergraduate - Local U.S.
- Business - Local U.S.
- Who's Eligible
TEAM: The NVC is a competition for students of Brigham Young University. To compete in the NVC, all teams must include at least one BYU student as a major contributor and stakeholder. Qualifying BYU students must be enrolled in at least 6 credit hours in at least one semester of the competition academic year. Teams may have any number of members, but it is recommended that teams have at least 2 and no more than 5. While non-students may be part of a team, only BYU students may present the plan in competition events. Students may contribute ideas or work on an unlimited number of teams, but successful teams have found that focusing effort on one plan is best. This should not discourage students from remaining as stakeholders or holding advisory positions on additional teams – students are encouraged to submit as many ideas and participate to whatever extent they feel appropriate without disregarding their academic performance or viability in the competition. The following clarifying restrictions apply:
PRIOR COMPETITION ACTIVITY: BYU student teams who have competed and finished as finalists in a previous year’s competition at Brigham Young University may not compete with the same plan in a subsequent year’s competition.
OTHER BYU CAMPUSES: Qualifying students from BYU Idaho and BYU Hawaii are encouraged to submit. However, the student team must include BYU Provo students who have been involved in the drafting and creation of the plan. Teams who have recruited BYU Provo students to the team only for submission purposes are not eligible to enter the competition.
- Important Dates
19th: NVC Kickoff Event (5pm-6pm)
26th: Big Idea Workshop (5pm-6pm)
5th: Big Idea Competition/ Investor Day (12:30pm-1:30pm)
16th: BMC Workshop #1 (5pm-6pm)
5th: “BMC Workshop #2” (5pm-6pm)
9th: Winter Semester NVC Kickoff (5pm-6pm)
25th: Business Model Competition (2pm-4pm)
14th: NVC Final Workshop (5pm-6pm)
28th: NVC Submission Deadline (Before 11:59pm)
11th: "NVC Finalists Announced"
5th: NVC Final Event (2pm-4pm)
- Competition Prizes
1st - 8th: $15,000
Global Category: $5,000
Donor's Choice: $5,000
Audience Choice: $5,000