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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 Backed|-! coname datefirstinv datelastinv founddate totinv city nation
|-
! portname | BloomNation LLC 10 |sdcname | 7 |hall | 14 10 |portname2 | 24 |sdcname2 | 13 1 |coname | 1 |datefirstinv | 10 9 |datelastinv | 17 |founddate | 19 Beverly Hills United States| totinv || city || nation
|-
| Bump Technologies Inc 12 BloomNation || 29 BloomNation LLC || 10 9 Hall || BloomNation || BloomNation LLC || BloomNation LLC || 14 2014-10-07 || 09 2013-10 -24 || 1 2010-01-01 || 08 11 7200 || 29 Beverly Hills || 47 Mountain View United States
|-
| Encode Bump Technologies || Bump Technologies Inc. 6 || 1 Hall || Bump Technologies ||Bump Technologies Inc | 85 6 |Bump Technologies Inc | 1 |2010-12-29 | 85 1 |2009-09-14 | 1 |2008-10-01 | 74 7 |17500 | 31 | Mountain View || 09 Nashua United States
|-
| ExplORer Surgical 9 Encode || 13 Encode Inc. || 16 9 Hall || 13 Encode || 16 1 Encode Inc. || 1 Encode Inc. || 15 9 1985-06-01 || 26 1985-06-01 || 1974-01-01 || 3500 || Nashua || 02 Chicago United States
|-
| F2 Inc 12 ExplORer Surgical || 31 ExplORer Surgical || 05 8 Hall || 12 ExplORer Surgical || 05 4 ExplORer Surgical || 1 ExplORer Surgical || 05 6 2016-09-13 || 22 2016-09-13 || 2015-01-01 || 1000.2 || Chicago || 05 Menlo Park United States
|-
| FLYR F2 || F2 Inc 9 || 7 Hall || F2 || F2 Inc || 16 3 F2 Inc || 24 2005-12-31 || 14 1 2005-08-12 || 1 2005-04-01 || 13 6 2000 || 2 Menlo Park || 19 San Francisco United States
|-
| Green Hedges Flyr || FLYR Inc 7 || 31 Hall || Flyr || 08 1 FLYR Inc || 10 FLYR Inc || 08 10 2016-09-07 || 2014-03-24 || 02 2013-01-01 || 7093 || San Francisco || United States
|-
| InContext Solutions Green Hedges || Green Hedges Inc 9 || 20 Hall || Green Hedges || Green Hedges Inc || 16 9 Green Hedges Inc || 23 2008-07-31 || 11 1 2008-01-10 || 1 || 09 7 1028 || 26 San Francisco || 86 Chicago United States
|-
| Midway Pharmaceuticals Inc 11 InContext Solutions || 17 InContext Solutions Inc || 08 4 Hall || 17 InContext Solutions || 06 1 InContext Solutions Inc || 1 InContext Solutions Inc || 05 7 2016-09-20 || 2011-09-23 || 2009-01 Spring House -01 || 68144 || Chicago || United States
|-
| PinPoint Corp 3 Midway Pharmaceuticals || 29 Midway Pharmaceuticals Inc || 02 Hall || Midway Pharmaceuticals || Midway Pharmaceuticals Inc || Midway Pharmaceuticals Inc || 2008-11 -17 || 2006-04-17 || 1 2005-01-01 || 96 10 570 || 1 Spring House || 96 61959.7 Billerica United States
|-
| Power2Switch Inc PinPoint || PinPoint Corp || Hall || PinPoint || PinPoint Corp || PinPoint Corp || 2002-03-29 || 1996-11 -01 || 30 1996-10-01 || 11 9 61959.7 || 22 Billerica || 11 2550 Chicago United States
|-
| ReTel Technologies Power2Switch || Power2Switch Inc || Hall || Power2Switch || Power2Switch Inc 10 || 30 Power2Switch Inc || 2011-11 12 -30 || 2 2011-09-22 || 09 1 || 1 2550 || 07 2000.2 Chicago || United States
|-
| SoCore Energy LLC 12 ReTel Technologies || ReTel Technologies Inc || Hall || ReTel Technologies || ReTel Technologies Inc || ReTel Technologies Inc || 29 2011-10-30 || 11 2009-12 -02 || 29 2007-01-01 || 2000.2 || 11 3000 Chicago || United States
|-
| Tovala 5 SoCore Energy LLC || 6 SoCore Energy LLC || 16 3 Hall || 22 SoCore Energy LLC || SoCore Energy LLC || SoCore Energy LLC || 2011-12-29 || 2011-12-29 || || 3000 || 16 525 Chicago || United States
|-
| Tovala || Tovala || Hall || Tovala || Tovala || Tovala || 2016-05-06 || 2016-03-22 || || 525 || Chicago || United States|-| Virtual Labs || Virtual Labs Inc 5 || Hall || Virtual Labs || Virtual Labs Inc || Virtual Labs Inc || 2011-05-20 || 11 5 2011-05-20 || 20 || 11 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 ||
{| class="wikitable collapsible collapsed"
! colspan=“1”| NVC Acquired
|-! target || 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
| Aquarius BioTechnologies Inc || Matinas BioPharma Holdings Inc || 2.722 2 || 1/0/00 || 2.722 || 1/30/15 || 1/30/15 || Drugs || Drugs || Completed || Bedminster || Bedminster
|}
==Directors==
{| class="wikitable"
! style="text-align:left;"| Name
! Bio
! Class
|-
|Steven Kaplan
|Faculty Director, Polsky Center for Entrepreneurship and Innovation
|D2
|-
|Ellen Rudnick
|Executive Director, Polsky Center for Entrepreneurship and Innovation
|D2
|-
|Rob Gertner
|Joel F. Gemunder Professor of Strategy and Finance, Chicago Booth
|None
|-
|Waverly Deutsch
|Clinical Professor of Entrepreneurship, Chicago Booth
|D2
|}
==Services Provided==
{| class="wikitable"
|Education
|-
|Mentoring
|}
[[Category:Ecosystem]]
