Eligibility
Outside Funding Limitations
Competing ventures must be built around a scientific or technological innovation that i) has been developed using a fundamental scientific discipline such as physics, chemistry, biology or mathematics, and ii) has been experimentally demonstrated."
Ventures can be non-profit or for-profit entities. Ventures that have raised more than $1,00,000 in Investment capital from sources other than the members of the CU team or their friends and families before Feb. 8th, 2024, are excluded. Investment funding awarded as part of an accelerator/incubator program counts toward funding limits.
The following do not count toward the funding limit: Research and other grants, competition winnings, traditional loans and any friends and family funding.
Revenue Limitations
Ventures with more than $100,000 in revenue in prior academic years (before August 1, 2024) are excluded.
Prior Activity
Both student and other team members may have worked on an idea or new technology in previous academic years, or in the case of the student team members, even prior to entering CU, provided that their venture’s revenues and equity capital raised do not exceed the above limits.
Ventures that compete in the NVC Finals may not compete in the NVC competition in subsequent years. Competing team members, who reached the finals in a prior year, may participate in the NVC more than once if entering with a new venture or new technology.
Team Composition
As of Feb. 8, 2025, at least one founding team member (at least 10% equity owner) must:
- be a current student or employee of CU Boulder
- or graduated from CU Boulder after Nov. 1, 2024
- the team’s company has executed an IP option or license agreement with the university
Team Size
There is no team size requirement – minimum or maximum.
Nature of Ventures
The competition is for new, independent ventures in the seed, start-up or early growth stages. Generally excluded are the following: buy-outs, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area and spinouts from existing corporations.
Attendance
To be considered for any award, teams must present, in person, at the required competition times and locations. Failure to show up for the designated “pitch time” will result in disqualification.
Copyrights and Permissions
If a team uses copyrighted materials and/or images from a third party in their submissions or presentations, they must obtain permission and authorization in advance from the owners to use this material.
Information presented by the company in the NVC competition is the company's sole responsibility. CU Boulder and the Innovation & Entrepreneurship Initiative have not taken, and do not intend to take, any steps to verify the adequacy, accuracy or completeness of any information, materials or statements presented by the company. The company, and not NVC, is responsible for ensuring the company’s compliance with all applicable federal, state and other securities laws, and it is solely the company’s responsibility to comply with any of such laws that are applicable. NVC does not give investment advice, endorsement, analysis or recommendations with respect to any securities and is not a broker, venture fund or investment advisor.
Required Forms
To compete in the NVC Finals, you will have to provide a founders’ agreement.
No prizes will be awarded without the required forms submitted.