GWOE-1920-5 Highlights Book Aug04 - Flipbook - Page 3
TWELFTH ANNUAL GW NEW VENTURE COMPETITION
Innovation, Entrepreneurship and the Virtual Student Experience
GW School of Business
School of Engineering and Applied Science
School of Medicine and Health Sciences
Columbian College of Arts and Sciences
Elliott School of International Affairs
Milken Institute School of Public Health
College of Professional Studies
School of Nursing
Graduate School of Education and Human
Division of Development and Alumni Relations
Center for Entrepreneurial Excellence
For the GW Office of Innovation and Entrepreneurship's flagship program, the GW New Venture
Competition (NVC), 2020 was a year of growth, perseverance, grit, and the entrepreneurial spirit. The
12th year of the competition was challenging and exciting for both students and staff as we pushed
forward while dealing with COVID-19.
We received a record-setting 428 participants making up 206 teams. Over 175 judges
participated, the most in our history, representing alumni, parents, and the many professionals from
around the world. With the support of our sponsors and donors, we awarded $215,000 in cash
and over $300,000 in in-kind prizes. For the second year in a row, we gave over $500,000 in cash
and prizes and will no doubt propel us up the U.S. collegiate competition rankings. Currently, GW is
proud to be the eighth-largest collegiate entrepreneurship competition in the country.
Perhaps what’s most important about our 12th year is that it happened at all. The COVID-19
pandemic has caused all of us to change our daily routines, and GW and the New Venture
Competition are no exception. The NVC staff felt it was important to keep the NVC going to give
the participants the recognition they deserved. GW students worked extremely hard refining
ideas, meeting with mentors, and pitching ideas virtually in the middle of a global pandemic. We
acknowledged that effort and kept the competition up and running. We felt they needed our support
more than ever.
To pull off a virtual competition took perseverance, innovative thinking, and the entrepreneurial spirit:
the core teachings behind the competition. Needless to say, we had to pivot. It was a time of firsts.
Our first virtual finals judging. Our first virtual NVC Finals Award Show. And our first $10K Viewers
Choice Award conducted via video submission presentations that garnered an astounding 6,700
At every step, the team behind the GW New Venture Competition was reminded of the importance
of perseverance, innovation, and acting with urgency, just like our student teams. Our inspiration and
hope during this difficult time came from a likely source: the talented GW student NVC teams from all
over the world. We celebrate them, their ideas, and their passions to make this world a better place,
something that we need now more than ever.
Thank you for being a part of this historic year and virtually participating in our memorable 12th GW
New Venture Competition.
Office of the Vice President for Research
Associate Director of Student Entrepreneurship Programs
The George Washington University
Office of Innovation & Entrepreneurship