TLDR:
- The 2024 Harvard Business School New Venture Competition took place at Klarman Hall with 12 student finalist teams competing for cash prizes.
- Prizes included $225,000 in cash, in-kind prizes, and sponsor donations to fund startups in various tracks.
Harvard Business School’s Klarman Hall was filled with spectators in support of the 12 student finalist teams competing in the 27th annual HBS New Venture Competition (NVC). The competition, open to all students and alumni interested in launching new business and social impact ventures, awarded $225,000 in cash prizes plus in-kind prizes and sponsor donations. Since its inception in 1997, the NVC has seen over 6,300 participants and awarded $3,000,000 to students and alumni creating groundbreaking new businesses and social impact ventures. This year’s competition featured 262 teams across different tracks, including Student Business, Student Social Enterprise, and Alumni. The competition provided a platform for students to develop business ideas and receive feedback from over 300 judges and mentors. Winners of the competition, such as Crop Diagnostix and Solara, were awarded prizes in various categories like the Dubilier Grand Prize and Sacerdote Grand Prize. In addition to cash prizes, sponsors donated in-kind tools and services to help startups launch and grow. The competition serves as a rigorous educational opportunity for students to collaborate, receive feedback, and make a positive impact through their innovations.
