{"id":6017,"date":"2021-01-21T12:01:08","date_gmt":"2021-01-21T16:01:08","guid":{"rendered":"http:\/\/www.bu.edu\/innovate\/?p=6017"},"modified":"2024-07-24T11:33:26","modified_gmt":"2024-07-24T15:33:26","slug":"21st-new-venture-competition-apps","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/innovate\/21st-new-venture-competition-apps\/","title":{"rendered":"Applications Are Open for the 21st Annual New Venture Competition"},"content":{"rendered":"<p>Applications are now open for the 21st Annual <a href=\"https:\/\/www.bu.edu\/innovate\/signature-programs\/new-venture-competition\/\" target=\"_blank\" rel=\"noopener noreferrer\">New Venture Competition<\/a>, an annual competition that awards over $64,000 to early-stage start-ups founded by BU students and recent graduates.<\/p>\n<p>The competition began in 2000 and was previously organized by Questrom School of Business and later by the BUzz Lab (which was absorbed by Innovate@BU). Since it&#8217;s inaugural competition, more than 600 BU-led start-ups have participated in the competition. The competition has been housed under Innovate@BU and the BUild Lab since the initiative formally launched in March 2018\u2013since then, 324 student teams have competed and $171,000 in cash prizes has been awarded.<\/p>\n<p><strong>The 2021 New Venture Competition format is as follows:<\/strong><\/p>\n<ul>\n<li>All competition activities will take place virtually.<\/li>\n<li>The competition is open to all current BU students and Class of 2020 alumni.<\/li>\n<li>The competition will begin with an online application that is due by February 18, 2021.<\/li>\n<li>Applicants can choose from the following tracks: General Ideas and Social Impact Ideas. Cash prizes are awarded the top three winners in each track.<\/li>\n<li>Up to 40 applicants will be chosen to move on to Round 1 where they will present a 2-minute pitch to a panel of judges and live audience.<\/li>\n<li>Semi-finals and Finalist pitches will be closed to the public.<\/li>\n<li>Finalists will be announced and awarded at Innovator&#8217;s Night on Friday, April 16, 2021.<\/li>\n<\/ul>\n<p>Last year&#8217;s competition grand prize winners were Clean Seat, a <span>company that has designed a retrofittable toilet seat that cheaply and effectively prevents common toilet messes, and Patient First, a company that is building a digital medical record platform that connects physicians, patients, and pharmacies.<a href=\"https:\/\/www.bu.edu\/innovate\/clean-seat-patient-first-win-bu-new-venture-competition\/\" target=\"_blank\" rel=\"noopener noreferrer\"> You can learn more about ventures and competition experience here<\/a>.<\/span><\/p>\n<p><a href=\"https:\/\/www.pangissimostudio.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/p>\n<ul><\/ul>\n<p><a href=\"https:\/\/www.bu.edu\/innovate\/signature-programs\/new-venture-competition\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"pitch-link\">Learn more and apply to the New Venture Competition<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applications are now open for the 21st Annual New Venture Competition.<\/p>\n","protected":false},"author":8874,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[106],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/posts\/6017"}],"collection":[{"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/users\/8874"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/comments?post=6017"}],"version-history":[{"count":2,"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/posts\/6017\/revisions"}],"predecessor-version":[{"id":10594,"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/posts\/6017\/revisions\/10594"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/media?parent=6017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/categories?post=6017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/innovate\/wp-json\/wp\/v2\/tags?post=6017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}