New Venture Challenge

The New Venture Challenge is a graduate-level course and competition designed for ASU graduate students and their co-founders who seek to advance a new venture concept to the next stage.

The course gives graduate students across ASU the opportunity to further develop core aspects of their business model and fine-tune pitch messaging with feedback from experienced entrepreneur faculty and mentors, and provides an entry point into the competition.

New Venture Challenge is offered in session B of the spring semester and meets once per week in the evenings. You will spend a significant amount of time pitching ideas and receiving tailored feedback and guidance to improve your business model, strategy, and approach, while learning effective ways to communicate.

Congratulations to the 2016 New Venture Challenge winners!

10 teams joined the New Venture Challenge this year and the top 4 enjoyed their share of $115,000 in cash and prizes. This year's winners were:

  • LN Tech $52,500
  • Let's Chat $45,000
  • Desert Bee $15,000
  • Helos $2,500

New Venture Challenge pitch

The top teams from the course will be invited to the New Venture Challenge pitch day for the chance to receive over $100,000 in seed investment funding and key services to launch and grow a company.

After being selected, the winning teams will be guided and advised by their mentors and will have access to office space to run their company.

Sponsors

Ashley Bright, logo
Co+Hoots, logo
Complex, logo
High Rock Innovative Accounting Solutions, logo
Ironwood Venture, logo

Meet the instructor


Scott Wald

Scott Wald
President and Chief Executive Officer
Romar Services, L.L.C.

Named one of "America's Hot Young Entrepreneurs" by Fortune and an "Entrepreneur of the Year" by INC. Magazine, Scott Wald is currently the founder and President of Romar Services, L.L.C., a private family office and investment firm. Wald is also the founder, and former President and Chief Executive Officer of ASAP Software Express. Wald sold ASAP Software to Corporate Express (NASDAQ:CEXP), a multi-national distributor with revenues in excess of $10 billion. Dell (NASDAQ:DELL) purchased ASAP from Corporate Express. Wald is also co-founder of SurePayroll, the nation's largest provider of payroll services to small businesses over the Internet. He helped spearhead that firm from three employees to over 30,000 customers and its sale to Paychex (NAgtrSDAQ:PAYX). Scott also participated in the growth of the third most installed software package on the Windows platform. He was involved in InstallShield's early stage development through to its sale to MacroVision, as an active member of the board of directors.

Scott began his career in the marketing department of the New York-based Flagstaff Corporation, which later became Triarc (NYSE:TRY). After working as the assistant to the president, Scott returned to Arizona State University to complete his MBA. Upon graduation, Hewlett Packard (NYSE:HPQ) recruited Scott, where he received his grounding in the computer industry. Crain's Chicago Business named Wald to their list of 40 outstanding Chicagoans who've made it to the top of their fields before their 40th birthday. The University of Illinois also inducted Wald into the Entrepreneurship Hall of Fame Award for Outstanding Achievement. Scott was inducted into Arizona State University's Hall of Fame for exhibiting exceptional professional success and service to the community. Scott currently is the founding instructor of New Venture Challenge (NVC) at Arizona State University. The NVC is taught to graduate level business and engineering students. Scott also serves on the Board of Directors of Arizona State University Foundation.

Challenge timeline

October 24, 2016 at 5:00 p.m.
Information Session with Scott Wald - MCRD 158

January 30, 2017 Deadline
New Venture Challenge Application Due (written)
By midnight Submit Applications to: skpeck@asu.edu

February 3 & 6, 2017
New Venture Challenge Live Pitches & written application
Times TBD
2/3/17 - McCord Hall 158
2/6/17 - McCord Hall 156
Schedule pitch times here: https://newventurechallenge.eventbrite.com

February 27, 2017 4:30 – 7:30 p.m.
Mandatory Orientation for selected teams - McCord Hall 164

Session B – Spring Term
New Venture Challenge course - McCord Hall 164

May 5, 2017
Finalist pitch competition event; prizes awarded

Call (480) 965-0474 for all event details


Apply now

Contact us

Center for Entrepreneurship
W. P. Carey School of Business
P.O. Box 876506
Tempe, Arizona 85287
Phone: (480) 965-0474
WPCEntrepreneurship@asu.edu