Twenty-four years ago, the New Venture Championship (NVC) became one of the first graduate investment competitions in the United States. In its first year, teams from only three schools competed: University of Oregon, Oregon State University, and Portland State University.
These days, the highly regarded competition—which takes place in Portland each year—draws competitors from around the world. Underlining the competition's global status is the fact that 2015 marks the third year in a row that a team from Thailand has won first place. This year's winning team—Ecogent, whose core product is an innovative formaldehyde-free adhesive for wood products—hails from Thammasat University. With this win, Ecogent has secured a berth at this year’s Global Venture Labs Investment Competition at the University of Texas in Austin and will also walk away with the hefty sum of $25,000.
Placing second was another Thai team, Eden Fresh Fruit Solutions from Sasin University, which received $10,000 for their endeavor, a product that aims to extend the shelf life of fresh fruit.
For participating teams, simply being selected to compete in NVC counts as an honor. This year, nearly 60 teams from around the globe applied to be one of 16 teams at the 2015 event. NVC is hosted and coordinated by the college's Lundquist Center for Entrepreneurship and is an important stop on the international investment competition circuit.
What makes NVC stand out among other competitions? The incomparable feedback teams receive from our outstanding judges.
“The quality of judges is our hallmark—and something other competitions envy and try to emulate,” said John Hull, executive director of the Lundquist College’s Business Innovation Institute and assistant dean for centers of excellence.
Visit the NVC Website