New Venture Challenge

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 on Monday evenings from 6 to 9 p.m. 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.

Stay tuned to this page for application requirements and deadlines.

2019 New Venture Challenge Timeline:

  • Mon, Nov. 26th – NVC Info Session
  • Wed, Jan. 16th – NVC Info Session
  • Thurs, Jan. 31st – NVC Written Applications Due
  • Fri, Feb. 1st & 4th – NVC Live Pitch Application Days
  • Mon, Feb. 25th – NVC Orientation Pre-Class Session
  • Mon, Mar. 11th – Mon., Apr. 29th New Venture Challenge Course (MGT 594 & FSE 598)

Congratulations to the 2018 New Venture Challenge winners!

10 teams joined the New Venture Challenge last year and the top 5 enjoyed their share of $100k in cash and prizes. Last year's winners were:

  • EZEQ Equipment Rentals $50,000
  • Applied CFD Technologies $30,000
  • Adaptive Supplements $10,000 (in-kind) Ironwood Consulting
  • Beeline $5,000 (in-kind) Co+Hoots
  • Reactive Ink $5,000 (in-kind)

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 $50,000 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
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 (NASDAQ: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.

Contact us

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