The Oregon New Venture Championship (NVC) is one of the original and most highly-regarded six-round graduate student business competitions. NVC strives to develop skilled and knowledgeable entrepreneurial leaders. Its core mission is to educate, inspire, and empower future entrepreneurs.
After three days of competition, the Lundquist College of Business is pleased to announce this year’s winners. These competitors have survived tests of skill and of conviction, worked past obstacles, found within themselves the spirit of innovation and growth that drives them ever forward. They’re ready to go out and change the world.
The 2019 New Venture Champion and winner of the Reinmuth Cup is Cohesys, whose team consists of students from both Western University and the University of Toronto. They will receive $20,000 to launch their venture. Cohesys has developed a novel product for facial fracture stabilization called BoneTape, an easy-to-use, flexible, low-profile, biocompatible, and bioresorbable system for the alignment and stabilization of craniomaxillofacial (CMF) fractures to the midface and cranium.
Vita Inclinata Technologies from Seattle University placed second and will receive $10,000 for their endeavor. Vita Inclinata is a small aerospace company developing critical technology for dangerous and potentially deadly sling load and rescue operations. Leveraging Vita Inclinata's technology, helicopter operations are more effective, efficient, and safer than current day operations.
In addition to the grand prizes, RentCheck from Tulane University and Turbodega from McGill University each received $2,500 as finalist runners up.
NVC judges also awarded additional prizes to the following groups:
- Best Elevator Pitch ($1,500): BetterLife Monitors, Nanyang University
- Best at Trade Show ($1,500): BEEWARE, Thammasat University
- Best Written Business Plan ($1,500): Turbodega, McGill University
- Palo Alto Software Best One-Page Pitch ($1,000): BEEWARE, Thammasat University
The Sustainability Round required teams to present an executive summary addressing how their venture would address environmental or social issues. The winning teams of this round are:
- First place ($3,000): BEEWARE, Thammasat University
- Second place ($1,000): AlgenAir, University of Maryland, Baltimore
- Runners-up ($400 each):
- HeatBuddy, Portland State University
- Turbodega, McGill University
Teams that did not qualify for the final round participated in the Lightning Round. Four teams won their Lightning Round track and $1,500 each. These winners include:
- AlgenAir, University of Maryland, Baltimore
- BEEWARE, Thammasat University
- Corrosense, University of Arkansas
- Hubly, Northwestern University
The remaining teams were awarded $750 each as Lightning Round runners-up.
Frontier Management Undergraduate Competition
Current undergraduate students of Oregon 4-year universities took part in the Frontier Management Undergraduate Competition on Friday, April 12. The winners are:
- First place ($2,000): Tutortree, University of Oregon
- Second place ($1,250): Turn Automotive, Portland State University
- Third place ($750): Medivac, Oregon State University
All other teams received $250 each for participating.
High School Competition
Through collaboration with TiE Young Entrepreneurs Oregon (TYE) and Young Entrepreneurs Business Week (YEBW), a pitch competition was held for high school students on Friday, April 12. The winners are:
- First place ($1,250): Aquasense (TYE participant)
- Second place ($750): Garantir (YEBW participant)
- Runners Up ($500 each):
- BTD (TYE participant)
- Holocorp (YEBW participant)
- Slapit (TYE participant)
On behalf of the participants, faculty advisors, and staff of the 2019 New Venture Championship, we would like to express a heartfelt thank you to all of our sponsors. Without you, NVC truly would not be possible, and we are tremendously grateful for your support.