Application Deadline: New Ventures Challenge 2018

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A FUNDED 12-WEEK STARTUP ACCELERATOR

Win your first Tranche of investment

Seed Funding, Mentors, Subject Matter Experts and Follow On Investor Contacts

CHALLENGE

2018 New Ventures Challenge

A business idea competition that offers startup teams the opportunity to win seed funding and enter the Flywheel New Ventures Accelerator. Winning teams will be awarded cash prizes and follow-up investments with an average $50,000 investment per team in return for a 7.5% equity stake.

ORGANIZATION

Powered by Flywheel Coworking

Flywheel administers the Challenge on behalf of the New Ventures, provides workspace for selected challenge teams during the finalists briefing and final pitch weekend, runs the accelerator, and organizes the resources and mentors for development of teams’ concepts and commercialization plans.

INVESTORS

New Ventures Backs the Challenge

The New Ventures Investment Club is a limited pool of local investors, organized under the Federal 506 exemption and operates as an investment club structured as an LLC with a member operating agreement governing use of funds and process for investment decisions. All members are active investors.

AWARDS

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:

$35,000 1st prize

$15,000 2nd prize

$10,000 3rd prize

$5,000 for up to five runner-ups

Additional investments will be based on milestone achievement as teams progress through the accelerator. For more information, please see Terms and Conditions.

CHALLENGE OVERVIEW

The New Ventures Challenge 2018 startup competition is accepting applications from formative inception and early-stage entrepreneurial companies with web and mobile software, hardware or device innovation ideas.
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 has particular interest in ideas that intersect with the following domains:
Digital Health
Medical Devices
3-D Printing
Wellness Tech
FinTech and InsurTech
Advanced Textiles
Wearable Tech
IOT
Logistics and Supply Chain
Aerospace
Arts Entrepreneurship
Social Innovation
Selected teams will benefit from Flywheel’s significant programmatic investment in developing market skills in software development, data analytics, internet and cloud technology. 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 and terms for more information.

 

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