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.

Meet the Instructor

Scott Wald

Scott Wald

Scott Wald is an experienced entrepreneur, having founded multiple software companies in his career including ASAP Software Express where he served as its president and CEO. He is the founder and current president of Romar Services, L.L.C., a private investment firm.

He currently serves on the board of SurePayroll, a Web-based payroll system, which he launched in 2000, and optionsXpress Holdings Inc. Scott was named one of "America's Hot Young Entrepreneurs" by Fortune and an "Entrepreneur of the Year" by INC. Magazine. He received his bachelor’s degree and MBA from Arizona State University.

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:

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:

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

Contact Us

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