entrepreneurship.research. gwu.edu/

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1 entrepreneurship.research. gwu.edu/ Lex McCusker Director, GW New Venture Competition September 7,

2 2016 GW Office of Innovation and Entrepreneurship Mission 3

3 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Peter Konwerski GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 4

4 Tim Hwang Entrepreneur, Senior Advisor to Government Founder and CEO of FiscalNote Raised $28M+ to date Was President of the National Youth Association 750,000 members Founder of Operation Fly, Inc. Ernst & Young Entrepreneur of the Year Award Member of the MCPS Board of Education With a budget of over $4 billion for 150,000 students 5

5 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Peter Konwerski GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 6

6 Agnes Joe Nelson 7

7 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Peter Konwerski GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 8

8 Student Clubs GW Startups The Launch Pad GWMBA e-club GW Tech Collective ( SI 360 GW Med School Entrepreneurship Club GW Private Equity and Venture Capital Club ( Entrepreneurship and Law Society 9

9 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Peter Konwerski GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 10

10 GW New Venture Competition Fifth Largest Collegiate Entrepreneurship Contest in US $130,000 in cash plus $140,000+ in-kind prizes were awarded in Three Tracks: High-Tech Commercial, Low-Tech Commercial and Social Entrepreneurship Support for Current and Aspiring Entrepreneurs Workshops, coaching, mentors, networking, other resources and events First Submission Due: January 25,

11 2016 GW NVC School Participation School Number % CCAS 30 19% CPS 2 1% ESIA 33 20% GSEHD 1 1% GWSB 51 32% LAW 10 6% SEAS 20 12% SMHS 5 3% SoN 1 1% SPH 9 5% 12 Total %

12 Eligibility Participants -- Individuals or teams of up to four people. At least 50% of the members of each team are affiliated with GW as a faculty member, currently enrolled GW student for the academic year, staff member or GW alumnus/ae. At least one member of the team is a current GW student upon entering the competition. Only one entry per team. Each member of the team must be a significant shareholder in the venture. Business -- The GW BPC is designed for new businesses. Less than two years old, as of January 26, Gross sales of less than $200,000, as of December 31, Have not won any cash prizes in a previous GW New Venture Competition 13

13 2017 GW New Venture Competition Submission Calendar Round 1 Google Form, 50-word Summary, Video Due Date: January 25, 2017 Round 2 Video, Business Model Canvas, 20-word Summary, 5-page Feasibility Analysis 100 Quarter Finalists Due Date: February 24, 2017 Round 3 Pitches to Judges and Public 40 Semifinalists Date: April 6, 2017 Round 4-- Finals 10 Finalists Date: April 20,

14 New Venture Competition Finals 15

15 Non-dilutive Grants to the Companies Why Enter? CASH PRIZES AMOUNT 1 st Place Overall $35,000 2 nd Place Overall $15,000 3 rd Place Overall $10,000 4 th Place Overall $5,000 Honorable Mention Pool $5,000 Best Undergraduate $10,000 Best Non-Profit Social Venture $7,500 Best For-Profit Social Venture $7,500 Best International Venture $7,500 Best High-Tech Venture $7,500 Best Veteran Venture $5,000 Sustainable Energy and Infrastructure $5,000 AARP Foundation Older Adult $5,000 Audience Choice Award $5,000 16

16 Have Impact! Your thing could change everything! 17

17 2016 Winners 18

18 Corporate Sponsors Annette and Rick Scott 19

19 2015 University Sponsors 20

20 In-kind Sponsors 21

21 Support Resources Office Hours/Mentors-in-Residence Mentors Available on Demand Workshops Networking Hackathons Pitch Events Speaker Series Student Clubs 22

22 Mentors-in-Residence Daron Coates, Managing Director, ThinkBox Group. Karl Ginter, President & CEO, Inspyris, LLC. Carrie Rich, Founder and CEO, Global Good Fund. Grant Warner, Director of Innovation and Entrepreneurship, Howard University. /entrepreneur-office-hours 23

23 Mentors: GW 100-Mentor Matchup will be November 1, 2016 We will get you a mentor as soon as you want one! 25

24 Hackathons GWSB Startups Club October 1-2, 2016 LiftOffHealth October 7-9, 2016 Climathon October 28-29,

25 Social Media Campaign for Climathon GW Students Get Ready for DC Climathon October 28-29, 2016 Submit a 2-minute video pitch during the week of 9/12 9/16. GWIE will post videos on the GWIE YouTube page. Vote for the best idea through YouTube video likes during the week of 9/19 9/23. Winners of the best pitch will be announced on 9/23. Winners get $

26 Workshops Where Do I Start? GWupstart Series Three Modules on Social Entrepreneurship Lean Startup Video Series LS1 Customer Segments and Value Proposition LS2 Business Model Canvas LS3 Customer Development International Student Startups /training-workshops 29

27 I have an idea for a new venture. Where do I start? GW New Venture Competition Workshop: Where Do I Start? Wednesday, September 28, :30 to 7:00 pm Funger Hall

28 I have an idea for a new venture. Where do I start? GW New Venture Competition Workshop: Where Do I Start? Thursday, October 20, :00 noon to 1:30 pm Online Webinar 31

29 Pitch George Saturday, November 19, 2016 Duquès Hall 34

30 Speaker Series Tom Raffa: Social Entrepreneurship Wednesday, 9/21/16, 5:30-7:00 pm 1957 E Street, Suite 214 Henrik degyor: Kickstarter Wednesday, 10/5/16, 5:30-7:00 pm John Connelly: Immigration Issues for New Businesses and Employees Tuesday, 11/8/16, 5:30-7:00 pm 35

31 Social Entrepreneurship Thomas J. Raffa, Social Impact 360 When: Wednesday, September 21, 2016 Where: Elliott School 1957 E Street NW, Suite 214, Washington, DC Time: 5:00pm 7:00pm 36

32 Angel, VC and PE Investors Workshop October 18, :30 to 7:00 pm Duquès Hall, Room G St NW, Washington, DC Matthew Cohen, Prodos Capital Lisa Cuesta, NextGen Venture Partners Rob Sjobert, Perpetual Capital Tom Basile, GP Ventures Tien Wong, Opus8 37

33 More Information: newventure.gwu.edu NewVenture.gwu.edu 38

34 Thank You Any Questions???

35 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Peter Konwerski GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 41

36 Tim Hwang Entrepreneur, Senior Advisor to Government Founder and CEO of FiscalNote Raised $28M+ to date Was President of the National Youth Association 750,000 members Founder of Operation Fly, Inc. Ernst & Young Entrepreneur of the Year Award Member of the MCPS Board of Education With a budget of over $4 billion for 150,000 students 42

37 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Lex McCusker GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 43

38 Prizes Olympic scoring 1 6 The best ideas (up to 10) will each win a $100 cash prize. Only GW Students are eligible to receive cash prizes. 44

39 Pitches Should Introduce the team. Specify the customer to be served. Specify the problem being addressed. Describe how the customer currently deals with the problem. Describe the proposed solution and how the solution would solve the problem. Tell what the team intends to do next. Make an ask. 45

40 Judges Tim Hwang Peter Konwerski Karl Ginter Joe Nelson Dan Kunitz 46

41 Thank You Any Questions???

42 AGENDA Lex McCusker Welcome. Agenda. Joe Nelson Agnes from Group10 Peter Konwerski GW Student Group Leaders Lex McCusker 2017 New Venture Competition. Fall Calendar of Events. Mentors-in-Residence. Tim Hwang Keynote Address Teams Pitches (N<= 20) Judges Selection of Winners Joe Nelson Present the Agnes Challenge All Informal feedback and networking 49

43 The Agnes Challenge 50

44 newventure.gwu.edu