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{{Institution|Image=NVC.jpg|Caption=NVC Logo|Name=New Venture Challenge|Type=University Accelerator |City=Chicago|URL=https://research.chicagobooth.edu/nvc/|Cohort Size=293|Percent Funded= 5.12%|Percent Acquired= 4.4%|Percent IPO= 0.68%|Number of Directors=3|Experienced Directors=3|Date Founded=1996}}Part of the [[Start-Up Guide (Issue Brief)]] Series ==About==<onlyinclude> Hi benThe New Venture Challenge is a Chicago, Illinois-based, non-profit university accelerator institution founded in 1996. It advertises two services, mentorship and education. NVC has four directors, three of whom have indirect entrepreneurship experience in the sector. Of the 293 startups which have enrolled in the NVC program, 15 have received venture capital funding. 13 companies which participated in the Station Houston program have been acquired and two have exited in an IPO.
</onlyinclude>
==Contact Information=={| class="wikitable"|-|Website|https://research.chicagobooth.edu/nvc/|-|Contact Page|https://research.chicagobooth.edu/nvc/about-us/contact-us|} ==Portfolio=={| class="wikitable"! style="text-align:left;"| Name! VC?! Acquired?! IPO?|} {| class="wikitable collapsible collapsed"! colspan=“1”| NVC VC|-! portname || sdcname || hall || portname2 || sdcname2 || coname || datefirstinv || datelastinv || founddate || totinv || city || nation|-| BloomNation || BloomNation LLC || Hall || BloomNation || BloomNation LLC || BloomNation LLC || 2014-10-07 || 2013-10-24 || 2010-01-01 || 7200 || Beverly Hills || United States|-| Bump Technologies || Bump Technologies Inc || Hall || Bump Technologies || Bump Technologies Inc || Bump Technologies Inc || 2010-12-29 || 2009-09-14 || 2008-10-01 || 17500 || Mountain View || United States|-| Encode || Encode Inc. || Hall || Encode || Encode Inc. || Encode Inc. || 1985-06-01 || 1985-06-01 || 1974-01-01 || 3500 || Nashua || United States|-| ExplORer Surgical || ExplORer Surgical || Hall || ExplORer Surgical || ExplORer Surgical || ExplORer Surgical || 2016-09-13 || 2016-09-13 || 2015-01-01 || 1000.2 || Chicago || United States|-| F2 || F2 Inc || Hall || F2 || F2 Inc || F2 Inc || 2005-12-31 || 2005-08-12 || 2005-04-01 || 2000 || Menlo Park || United States|-| Flyr || FLYR Inc || Hall || Flyr || FLYR Inc || FLYR Inc || 2016-09-07 || 2014-03-24 || 2013-01-01 || 7093 || San Francisco || United States|-| Green Hedges || Green Hedges Inc || Hall || Green Hedges || Green Hedges Inc || Green Hedges Inc || 2008-07-31 || 2008-01-10 || || 1028 || San Francisco || United States|-| InContext Solutions || InContext Solutions Inc || Hall || InContext Solutions || InContext Solutions Inc || InContext Solutions Inc || 2016-09-20 || 2011-09-23 || 2009-01-01 || 68144 || Chicago || United States|-| Midway Pharmaceuticals || Midway Pharmaceuticals Inc || Hall || Midway Pharmaceuticals || Midway Pharmaceuticals Inc || Midway Pharmaceuticals Inc || 2008-11-17 || 2006-04-17 || 2005-01-01 || 570 || Spring House || United States|-| PinPoint || PinPoint Corp || Hall || PinPoint || PinPoint Corp || PinPoint Corp || 2002-03-29 || 1996-11-01 || 1996-10-01 || 61959.7 || Billerica || United States|-| Power2Switch || Power2Switch Inc || Hall || Power2Switch || Power2Switch Inc || Power2Switch Inc || 2011-11-30 || 2011-09-22 || || 2550 || Chicago || United States|-| ReTel Technologies || ReTel Technologies Inc || Hall || ReTel Technologies || ReTel Technologies Inc || ReTel Technologies Inc || 2011-10-30 || 2009-12-02 || 2007-01-01 || 2000.2 || Chicago || United States|-| SoCore Energy LLC || SoCore Energy LLC || Hall || SoCore Energy LLC || SoCore Energy LLC || SoCore Energy LLC || 2011-12-29 || 2011-12-29 || || 3000 || Chicago || United States|-| Tovala || Tovala || Hall || Tovala || Tovala || Tovala || 2016-05-06 || 2016-03-22 || || 525 || Chicago || United States|-| Virtual Labs || Virtual Labs Inc || Hall || Virtual Labs || Virtual Labs Inc || Virtual Labs Inc || 2011-05-20 || 2011-05-20 || || 2580 || New York || United States|} {| class="wikitable collapsible collapsed"! colspan=“1”| NVC IPO|-! issuer || industry || principalamntmil || issuedate || filingdate || state || nation || principalamtsumofallmktsmil || proceedsamtthismktmil || proceedsamtsumallmktsmil || marketplace || cusip || tickersymbol || primaryexchangewhereissuerstocktrades || ipoflag || pcchangestockprice1dayafteroffer || datefound || streetaddress1 || streetaddress2|-| Interchange Corp || Pers/Bus/Rep Svc || 1/22/00 || 10/18/04 || 6/29/04 || California || United States || 22 || 22 || 22 || U.S. Public || 45845K || INCX || Nasdaq || Yes || -7.5 || || 24422 Avenida De La Carlota || |-| GrubHub Inc || Pers/Bus/Rep Svc || 7/10/00 || 4/3/14 || 2/28/14 || Illinois || United States || 192.546 || 192.5 || 192.546 || U.S. Public || 400110 || GRUB || New York || Yes || 33.85 || 1/1/04 || Suite 2100 111 W. Washington St || |}
{| class="wikitable collapsible collapsed"
! colspan=“1”| NVC VC BackedAcquired|-! coname datefirstinv datelastinv founddate totinv city nationtarget || acquirorname || enterprisevalatannouncementmil || enterprisevaleffectivedatemil || equityvalatannouncementmil || dateannounced || dateeffective || acquirorind || targetind || status || acquirorcity || targcity|-| Smartline || ICT Group || np n || p || || 8/29/95 || 8/29/95 || Business Services || Business Services || Completed || Langhorne || Buffalo|-| Bioconnect Inc || RF Industries Ltd || np n || p || || 12/5/00 || 12/5/00 || Electronic and Electrical Equipment || Wholesale Trade-Durable Goods || Completed || San Diego || Lake Elsinore|-| PinPoint Corp || RF Technologies || np n || p || || 4/9/02 || 4/9/02 || Measuring Medical Photo Equipment; Clocks || Measuring Medical Photo Equipment; Clocks || Completed || Brookfield || Millerica
|-
| BloomNation LLC 10 Alameda Co || First Advantage Corp || np n || p || 7 || 14 10 /13/04 || 24 10/13/04 || 13 1 Business Services || 1 Business Services || 10 9 Completed || 17 Poway || 19 Beverly Hills United StatesAlameda
|-
| Bump Technologies Identity Inc 12 || 29 Airbee Wireless Inc || 5.000 5 || 1/0/00 || 10 9 1/5/00 || 14 5/2/05 || 09 10 5/2/05 || 1 Prepackaged Software || Machinery || 08 11 Completed || 29 Rockville || 47 Mountain View United StatesRancho Cordova
|-
| Encode Winco Inc. 6 || 1 Quanta Services Inc || np n || p || 85 6 || 7/1 /08 || 85 7/1 /08 || Construction Firms || 1 Construction Firms || 74 7 Completed || 31 Houston || 09 Nashua United States
|-
| ExplORer Surgical 9 Ascent LLC || 13 Ambulatory Care Centers || 16 9 np n || 13 p || 16 || 10/1 /10 || 10/1 /10 || Business Services || Business Services || 15 9 Completed || 26 Orlando || 02 Chicago United StatesSaint Louis
|-
| F2 ReTel Technologies Inc 12 || 31 ShopperTrak Corp || np n || p || 05 8 || 10/29/12 || 10/29/12 || 05 4 Business Services || 1 Business Services || 05 6 Completed || 22 Chicago || 05 Menlo Park United StatesChicago
|-
| FLYR Inc 9 SoCore Energy LLC || 7 Edison International Corp || 16 3 np n || 24 p || 14 1 || 1 6/25/13 || 8/5/13 6 || 2 Electric Gas and Water Distribution || Electric Gas and Water Distribution || Completed || Rosemead || 19 San Francisco United StatesChicago
|-
| Green Hedges Bump Technologies Inc 7 || 31 Google Inc || np n || p || || 9/16/13 || 9/16/13 || 08 1 Business Services || 10 Prepackaged Software || 08 10 Completed || 24 Mountain View || 02 San Francisco United StatesMountain View
|-
| InContext Solutions Power2Switch || Choose Energy Inc 9 || 20 np n || p || || 16 9 /30/13 || 23 9/30/13 || 11 1 Business Services || 1 Business Services || 09 7 Completed || 26 Plano || 86 Chicago United States
|-
| Midway Pharmaceuticals ProOnGo LLC || The Neat Company Inc 11 || 17 np n || p || || 08 4 10/3/13 || 17 10/3/13 || 06 1 Computer and Office Equipment || 1 Prepackaged Software || 05 7 Completed || 23 Philadelphia || 01 Spring House United StatesChicago
|-
| PinPoint Corp 3 Aquarius BioTechnologies Inc || 29 Matinas BioPharma Holdings Inc || 02 11 2.722 2 || 1 /0/00 || 96 10 2.722 || 1 /30/15 || 96 61959.7 Billerica United States1/30/15 || Drugs || Drugs || Completed || Bedminster || Bedminster|} ==Directors=={| class="wikitable"! style="text-align:left;"| Name! Bio! Class
|-
| Power2Switch Inc 11 Steven Kaplan |Faculty Director, Polsky Center for Entrepreneurship and Innovation| 30 || 11 9 || 22 || 11 2550 Chicago United StatesD2
|-
| ReTel Technologies Inc 10 Ellen Rudnick|Executive Director, Polsky Center for Entrepreneurship and Innovation| 30 || 11 12 || 2 || 09 1 || 1 || 07 2000.2 Chicago United StatesD2
|-
| SoCore Energy LLC 12 || 29 || 11 12 || 29 Rob Gertner|Joel F. Gemunder Professor of Strategy and Finance, Chicago Booth | 11 3000 Chicago United StatesNone
|-
| Tovala 5 Waverly Deutsch |Clinical Professor of Entrepreneurship, Chicago Booth| 6 D2|} ==Services Provided=={| 16 3 class="wikitable"|| 22 || 16 525 Chicago United StatesEducation
|-
| Virtual Labs Inc 5 || 20 || 11 5 || 20 || 11 2580 New York United StatesMentoring
|}
[[Category:Ecosystem]]
