The 22nd annual New Venture Championship hosted by the University of Oregon’s Charles H. Lundquist College of Business announced the four teams that would be advancing to the final rounds of the graduate-level entrepreneurship competition. After half hour formal presentations to a panel of judges, each of the 16 teams received extensive feedback on business plan, presentation clarity, and potential scope of the venture among other critiques.
The four teams include (in no particular order): AGcerez from Thailand’s Sasin Graduate Institute of Business Administration, Awair from Stanford University, Nutri Food from Thailand’s Thammasat University, and Picasolar from the University of Arkansas. Each team has a team biography and profile, as well as links to their elevator pitch on the 2013 Competitors site.
The 12 teams that were not selected to advance to the final round will be allotted time to create a “quick pitch” in which they are given the chance to sell their venture to another panel of judges in the OEN Lightning Round. During this pitch the teams are not allowed to use any visual aids or technology to help sell their idea. The judges will give them critiques and the teams will then be allowed to re-pitch their idea after adjusting their presentations accordingly. A prize package of $12,000 will be awarded amongst the teams pitching during this round.
These teams will move onto the final round where they will pitch their venture one last time to a panel of esteemed investors and business professionals. They will be asked many extensive questions and one lucky team will be rewarded $25,000 and the title of 2013 New Venture Champion.