{{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==<onlyinclude> Hi benThe 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.
| ExplORer Surgical 9 Encode || 13 Encode Inc. || 16 9 Hall || 13 Encode || 16 1 Encode Inc. || 1 Encode Inc. || 15 9 1985-06-01 || 26 1985-06-01 || 1974-01-01 || 3500 || Nashua || 02 Chicago United States
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| F2 Inc 12 ExplORer Surgical || 31 ExplORer Surgical || 05 8 Hall || 12 ExplORer Surgical || 05 4 ExplORer Surgical || 1 ExplORer Surgical || 05 6 2016-09-13 || 22 2016-09-13 || 2015-01-01 || 1000.2 || Chicago || 05 Menlo Park United States
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| FLYR F2 || F2 Inc 9 || 7 Hall || F2 || F2 Inc || 16 3 F2 Inc || 24 2005-12-31 || 14 1 2005-08-12 || 1 2005-04-01 || 13 6 2000 || 2 Menlo Park || 19 San Francisco United States
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| Green Hedges Flyr || FLYR Inc 7 || 31 Hall || Flyr || 08 1 FLYR Inc || 10 FLYR Inc || 08 10 2016-09-07 || 2014-03-24 || 02 2013-01-01 || 7093 || San Francisco || United States
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| InContext Solutions Green Hedges || Green Hedges Inc 9 || 20 Hall || Green Hedges || Green Hedges Inc || 16 9 Green Hedges Inc || 23 2008-07-31 || 11 1 2008-01-10 || 1 || 09 7 1028 || 26 San Francisco || 86 Chicago United States
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| Midway Pharmaceuticals Inc 11 InContext Solutions || 17 InContext Solutions Inc || 08 4 Hall || 17 InContext Solutions || 06 1 InContext Solutions Inc || 1 InContext Solutions Inc || 05 7 2016-09-20 || 2011-09-23 || 2009-01 Spring House -01 || 68144 || Chicago || United States
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| PinPoint Corp 3 Midway Pharmaceuticals || 29 Midway Pharmaceuticals Inc || 02 Hall || Midway Pharmaceuticals || Midway Pharmaceuticals Inc || Midway Pharmaceuticals Inc || 2008-11 -17 || 2006-04-17 || 1 2005-01-01 || 96 10 570 || 1 Spring House || 96 61959.7 Billerica United States
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| Power2Switch Inc PinPoint || PinPoint Corp || Hall || PinPoint || PinPoint Corp || PinPoint Corp || 2002-03-29 || 1996-11 -01 || 30 1996-10-01 || 11 9 61959.7 || 22 Billerica || 11 2550 Chicago United States
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| ReTel Technologies Power2Switch || Power2Switch Inc || Hall || Power2Switch || Power2Switch Inc 10 || 30 Power2Switch Inc || 2011-11 12 -30 || 2 2011-09-22 || 09 1 || 1 2550 || 07 2000.2 Chicago || United States
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| SoCore Energy LLC 12 ReTel Technologies || ReTel Technologies Inc || Hall || ReTel Technologies || ReTel Technologies Inc || ReTel Technologies Inc || 29 2011-10-30 || 11 2009-12 -02 || 29 2007-01-01 || 2000.2 || 11 3000 Chicago || United States
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| Tovala 5 SoCore Energy LLC || 6 SoCore Energy LLC || 16 3 Hall || 22 SoCore Energy LLC || SoCore Energy LLC || SoCore Energy LLC || 2011-12-29 || 2011-12-29 || || 3000 || 16 525 Chicago || United States
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| Tovala || Tovala || Hall || Tovala || Tovala || Tovala || 2016-05-06 || 2016-03-22 || || 525 || Chicago || United States|-| Virtual Labs || Virtual Labs Inc 5 || Hall || Virtual Labs || Virtual Labs Inc || Virtual Labs Inc || 2011-05-20 || 11 5 2011-05-20 || 20 || 11 2580 || New York || United States