Start-Ups Win Big at HBS New Venture Competition
Harvard Business School recently wrapped up its 2019 New Venture Competition, an annual student and alumni competition sponsored by Harvard Business School’s Rock Center for Entrepreneurship and the Social Enterprise Initiative.
This year’s competition was organized by three tracks: alumni, social enterprise, and business, with nearly 400 teams competing for cash prizes totaling $300,000. Participants pitch their businesses to a live audience of judges.
The ‘Business Track’ of the competition is geared towards entrepreneurs looking to put their ideas into practice.
My Toolbox Technologies, a B2B labor marketplace, won big in this category winning both the ‘grand prize’ and ‘crowd favorite’ awards.
Nom Pot, a company focusing on frozen one-pot meals, notched the ‘Runner Up’ award for its pitch.
SOCIAL ENTERPRISE TRACK
The ‘Social Enterprise’ track is for eligible graduate students who are looking to explore social entrepreneurship and test ideas for social innovation.
Businesses include non-profit, for-profit, and hybrid business models.
This year’s grand prize winner was Hikma Health, a company that creates customized data management systems for healthcare providers caring for refugee patients. The company also won the ‘Crowd Favorite’ award.
This year’s runner-up was Gramhal, a company that unlocks post-harvest services of storage, credit, and market linkage for smallholder farmers.
The ‘Alumni’ track of the competition is specifically geared towards HBS alumni, who are trying to launch early-stage ventures.
Blueland, a company that takes the weight and waste out of everyday products, won both the ‘grand prize’ and ‘crowd favorite’ for this track.
X-COR Therapeutics, which helps patients lead healthier lives, won as the ‘runner up.’
Check out more coverage of this year’s competition here.