{{Institution|Image=NVC.jpg|Caption=NVC Logo|Name=New Venture Challenge|Type=University Accelerator |City=Chicago|URL=https://research.chicagobooth.edu/nvc/|Cohort Size=293|Percent Funded= 5.12%|Percent Acquired= 4.4%|Percent IPO= 0.68%|Number of Directors=3|Experienced Directors=3|Date Founded=1996}}Part of the [[Start-Up Guide (Issue Brief)]] Series ==About==<includeonlyonlyinclude>The New Venture Challenge is a Chicago, Illinois-based, non-profit university accelerator institution founded in 1996. It advertises two services, mentorship and education. NVC has four directors, three of whom have indirect entrepreneurship experience in the sector. Of the 293 startups which have enrolled in the NVC program, 15 have received venture capital funding. 13 companies which participated in the Station Houston program have been acquired and two have exited in an IPO. <\Includeonly/onlyinclude> ==Contact Information==VC Backed{| class="wikitable"|-|Website|https://research.chicagobooth.edu/nvc/|-|Contact Page|https://research.chicagobooth.edu/nvc/about-us/contact-us|} ==Portfolio=={| class="wikitable"! style="text-align:left;"| Name! VC?! Acquired?! IPO?|}
| SmartLine || Smartline || Hall || SmartLine || Smartline || Smartline || ICT Group || np n || p || || 1995-08-8/29 /95 || 1995-08-8/29 /95 || Business Services || Business Services || Completed || Langhorne || Buffalo
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| BioConnect || Bioconnect Inc || Hall || BioConnect || Bioconnect Inc || Bioconnect Inc || RF Industries Ltd || np n || p || || 2000-12-05 /5/00 || 2000-12-05 /5/00 || Electronic and Electrical Equipment || Wholesale Trade-Durable Goods || Completed || San Diego || Lake Elsinore
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| PinPoint || PinPoint Corp || Hall || PinPoint || PinPoint Corp || PinPoint Corp || RF Technologies || np n || p || || 2002-04-09 4/9/02 || 2002-04-09 4/9/02 || Measuring Medical Photo Equipment; Clocks || Measuring Medical Photo Equipment; Clocks || Completed || Brookfield || Millerica
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| Alameda || Alameda Co || Hall || Alameda || Alameda Co || Alameda Co || First Advantage Corp || np n || p || || 2004-10-/13 /04 || 2004-10-/13 /04 || Business Services || Business Services || Completed || Poway || Alameda
| Winco || Winco Inc || Hall || Winco || Winco Inc || Winco Inc || Quanta Services Inc || np n || p || || 2008-07-01 7/1/08 || 2008-07-01 7/1/08 || Construction Firms || Construction Firms || Completed || Houston ||
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| Ascent || Ascent LLC || Hall || Ascent || Ascent LLC || Ascent LLC || Ambulatory Care Centers || np n || p || || 2010-10-01 /1/10 || 2010-10-01 /1/10 || Business Services || Business Services || Completed || Orlando || Saint Louis
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| ReTel Technologies || ReTel Technologies Inc || Hall || ReTel Technologies || ReTel Technologies Inc || ReTel Technologies Inc || ShopperTrak Corp || np n || p || || 2012-10-/29 /12 || 2012-10-/29 /12 || Business Services || Business Services || Completed || Chicago || Chicago
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| SoCore Energy LLC || SoCore Energy LLC || Hall || SoCore Energy LLC || SoCore Energy LLC || SoCore Energy LLC || Edison International Corp || np n || p || || 2013-06-6/25 /13 || 2013-08-05 8/5/13 || Electric Gas and Water Distribution || Electric Gas and Water Distribution || Completed || Rosemead || Chicago
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| Bump Technologies || Bump Technologies Inc || Hall || Bump Technologies || Bump Technologies Inc || Bump Technologies Inc || Google Inc || np n || p || || 2013-09-9/16 /13 || 2013-09-9/16 /13 || Business Services || Prepackaged Software || Completed || Mountain View || Mountain View
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| Power2Switch || Power2Switch || Hall || Power2Switch || Power2Switch || Power2Switch || Choose Energy Inc || np n || p || || 2013-09-9/30 /13 || 2013-09-9/30 /13 || Business Services || Business Services || Completed || Plano || Chicago
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| ProOnGo LLC || ProOnGo LLC || Hall || ProOnGo LLC || ProOnGo LLC || ProOnGo LLC || The Neat Company Inc || np n || p || || 2013-10-03 /3/13 || 2013-10-03 /3/13 || Computer and Office Equipment || Prepackaged Software || Completed || Philadelphia || Chicago