{{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.