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Mcguire New Venture Development program

new venture development program

From big idea to bigger impact.

It’s more than a system for learning. The McGuire New Venture Development Program brings students, experts and business leaders together to launch something bigger than any textbook or classroom could hold. Here, people build ideas and nurture inspiration into innovation.


pitch competition

Program Overview

This is where game-changers are made. Any University of Arizona undergraduate or graduate student can participate in this yearlong, team-based program to learn the principles of entrepreneurship and innovation.

In just one year, you’ll build a new venture from the ground up. Working closely with students from other fields of study as well as mentors, industry experts, investors and real-world entrepreneurs, you’ll go from early-stage idea to launch-ready venture.

Not only is the program excellent preparation to lead in the business world, but it will change your way of thinking. In fact, you’ll never look at an untapped idea quite the same way again.

undergrad and grad students take entrepreneurship courses every year

ranked graduate program among public programs  U.S. News & World Report, 2022

graduates from the McGuire Center for Entrepreneurship

The McGuire Experience

Translate entrepreneurial thinking into entrepreneurial action by building hands-on skills and experience. 

The New Venture Development Program will prepare you to: 

Applications are due  February 03, 2023

If the above link does not open copy and past below link into browser.  Application 23-24 link: https://eller.co1.qualtrics.com/jfe/form/SV_6oknoDegYqKB9LU

New Venture Competition and Innovation Expo 

New Venture Development Program participants have an incredibly exciting range of events and competitions they can choose to participate in. These include regional and national business plan competitions, an Innovation Expo tradeshow on the University of Arizona Mall and the program finale, the McGuire New Venture Competition and Showcase.

Mcguire innovation expo spring 2019.

New Venture Development Program Courses

Each student admitted to the competitive McGuire Program will need to take Venture Development I and II. These are offered at both the undergraduate and graduate levels as outlined below.

All students admitted into the competitive-entry McGuire Program take Venture Development I and II.

Want to learn more about the application process? 


Information sessions are a great opportunity to:

Links you may need:

Applications are due Feb 2, 2023 https://eller.co1.qualtrics.com/jfe/form/SV_6oknoDegYqKB9LU  

Academic Programs

Entrepreneurship major.

Eller undergraduates who are accepted into the McGuire New Venture Development program can complete its two core courses and additional marketing and finance classes to earn a second major, in entrepreneurship. It’s an excellent way to add even more business value to your first Eller major.

Explore the Entrepreneurship Major

Certificate in Entrepreneurship and New Venture Development

Students in other University of Arizona majors can be admitted into our yearlong McGuire New Venture Development program. By completing its two courses plus three additional related courses, you can earn a certificate that stands out to employers in any field.

Explore the Certificate in Entrepreneurship and New Venture Development

MBA Entrepreneurship Concentration

Eller MBA students can apply to participate in the McGuire New Venture Development Program for their final year of study to earn an entrepreneurship concentration with their MBA.

Explore the MBA Entrepreneurship Concentration

Applied Doctoral Minor in Entrepreneurship and Innovation

University of Arizona doctoral students can earn a Minor in Entrepreneurship and Innovation. Taking a two-semester course in new venture development as well as two other entrepreneurship courses, you’ll change the way you approach problem-solving in your own research and future career.

Explore the Applied Doctoral Minor in Entrepreneurship and Innovation


new venture development program

Putting an idea through a rigorous process of external validation is essential, and the McGuire New Venture Development Program’s structured phased approach was very helpful. It was rewarding to see our concept evolve over the semester from an idea to a feasible business

Amelia Klawon '15 MBA, Co-founder, Co.Host

Application Process

Undergraduate students should apply during their junior year to participate during their senior year. Master’s students should apply in their second-to-last year to participate during their final year. Doctoral students can apply during any year of study. Check the yearly application deadlines posted online. 

Up to 140 applicants may be invited to interview. Selections will be announced in February for the following year. If you have questions, just attend an information session or reach out.

Explore the Application Process

Innovation Lab and Team Resources

The Innovation Lab contains a CoLab workspace, a maker space and two private meeting rooms, all of which are available around the clock for McGuire New Venture Development Program students. The CoLab space features everything students could need to meet and collaborate, while the Make Space offers materials like a 3D Printer, Oculus Rift, VR Headsets and software for bringing ideas to life.

Explore the Innovation Lab and Team Resources

Ready, set, excel.

If you have questions about our programs or are ready to learn more, get in touch with us!

Programs for Individuals

Comprehensive leadership programs, topic-focused programs, regional programs, virtual programs, certificate of management excellence, corporate director certificate, digital transformation certificate, programs for organizations, hbs experience, the learning experience, the virtual experience, alumni network, admitted plan your stay, admissions requirements, admissions process, international applicants, payment, cancellation, and deferral, already admitted.

Launching New Ventures : Jump-Starting Innovation for Entrepreneurs and Business Owners

stages of a plant growth

"HBS is a great place to continue to build relationships and network with other leaders from around the world."

program participants socializing during break in the Tata Hall atrium at Harvard Business School

Successful entrepreneurship takes more than an innovative idea—it also requires the right mindset and skillset. Whether you're developing new business, launching new ventures, or building an entrepreneurial culture within a larger organization, this program prepares you to develop new strategies for transforming disruptive innovation into competitive advantage and a profitable business.

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new venture development program

Program for Leadership Development participants earn 6 PLDA Points on completion of this program.

new venture development program

Complementary Program

Advance your learning through Foundations of Private Equity and Venture Capital , offered the week following Launching New Ventures, which delves into entrepreneurial finance and offers advice for navigating the world of private equity and venture capital. Together, these programs provide you with essential skillsets for exploring investment opportunities and leading a successful enterprise.

Learning and Living at HBS

When you participate in an Executive Education program on the HBS campus , you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method .

Review Our Campus Health & Safety Protocols

Admissions Criteria and Process

Answering your questions, application submission, application review, fee, payment, and cancellations, admissions criteria and process dropdown up, admissions criteria and process dropdown down, what you will learn.

Launching New Ventures goes to the heart of the entrepreneurial process—exploiting disruptive opportunities to create successful new businesses. Immersed in an intensive learning experience that includes faculty presentations, case studies, and group discussions, you will refine your thinking and broaden your skills as you examine strategies employed by successful entrepreneurs at every stage of the launch process.

In this entrepreneurship program, you will examine the central pillars of new venture formation, business execution, and entrepreneurial challenges.

Participants should expect to spend at least 9-12 hours on self-paced case preparation prior to attending the program. Case materials will be made available approximately two weeks prior to program start.

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Your opportunity and pitch your opportunity and pitch dropdown down.

Your team and capabilities Your team and capabilities Dropdown down

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During this entepreneurship program, you will have the opportunity to work on strategies for your new venture and receive insights and feedback from faculty and your entrepreneurial peers.

The HBS Advantage

Our Executive Education programs are developed and taught by HBS faculty who are widely recognized as skilled educators, groundbreaking researchers, and award-winning authors. Through their board memberships, consulting, and field-based research, they address the complex challenges facing business leaders across the globe.

William R. Kerr

William R. Kerr

Dimitri V. D'Arbeloff - MBA Class of 1955 Professor of Business Administration

Read Full Bio

Lynda M. Applegate

Lynda M. Applegate

Baker Foundation Professor and Sarofim-Rock Professor of Business Administration, Emerita

Jill J. Avery

Jill J. Avery

Senior Lecturer of Business Administration

Shikhar Ghosh

Shikhar Ghosh

MBA Class of 1961 Professor of Management Practice of Business Administration

Scott D. Kominers

Scott D. Kominers

MBA Class of 1960 Associate Professor of Business Administration

Joshua Lev Krieger

Joshua Lev Krieger

Assistant Professor of Business Administration

Jeffrey F. Rayport

Jeffrey F. Rayport

Benjamin N. Roth

Benjamin N. Roth

Christopher T. Stanton

Christopher T. Stanton

Marvin Bower Associate Professor

Mitchell B. Weiss

Mitchell B. Weiss

Richard L. Menschel Professor of Management Practice

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Venture Development Process

new venture development program

What is the Venture Development Process?

It is what we refer to as building a startup company around a university technology that has been licensed.

The Venture Development Process graphic (above) includes a walk-through of the steps or phases involved with starting a company based on University intellectual property. At each phase in the process, there are links to resources both internal to NC State, external from our Triangle Innovation Ecosystem and direct services offered by New Ventures within the ORC. From the initial invention disclosure to raising external capital, we assist our NC State startup companies through the process.

Frequently Asked Questions

How do university discoveries and technologies get to market and create economic development impact.

In seeking to commercialize a technology developed at a university, the university first seeks to license that technology to an existing company since this is typically the most expedient path to market. Established companies bring resources including research and development funding, specialized equipment, subject matter expertise, market knowledge, existing customers and distribution channels.  However, finding an established company to option or license a university technology is not always feasible.  University technologies are generally at an early stage of development and can be disruptive, and sometimes there is not enough data to derisk the technology or the market opportunity sufficiently for a licensing opportunity. In this case, forming a startup company to commercialize the technology is a viable path.

Why would a startup company want to license or option a university discovery or technology?

If successful, getting a startup company to a point where the company can be  acquired  or go public with an  initial public offering  can be very lucrative for the founders, but it is a high-risk high-reward endeavor and the road can be fraught with pitfalls.  Since established companies can be resistant to licensing new technologies that could threaten their existing investment in infrastructure, equipment, people, patents, sometimes there are remarkable technologies available from universities where an appropriate licensee can not be determined or found.  In fact, sometimes the best pathway to bring a novel technology to market might be to form a new venture or a startup company.  This is often the case if there is a strong belief in the scientific merit behind the technology but the data to support the  business value proposition  (faster, better, cheaper, or just a better way) over what currently exists in the market is not yet available. The startup company seeks to find funding to prove out this value proposition in order to attract the partners and funding needed to fully commercialize the technology (bring it to market).

Where do you find university technologies to license?

For NC State University technologies, technologies are available on  the NC State technology marketing website .  In addition, all universities that participate in  Association of University Technology Managers (AUTM)  list their technologies on the  AUTM Global Technology Portal  . These are valuable resources and make searching for the right technology to address an identified  market need that much easier.

Why would it be advantageous to license a technology from a university?

Depending on the university, there will be a level of diligence and scrutiny that has been applied to selecting and filing for intellectual property (IP) protection.  At NC State University,  our team  works collaboratively to review, select and protect the technologies we believe have the greatest potential for impact. In addition to the diligence applied to the selection and filing for IP protection of the core technology, NC State supports the startup licensee with many resources and services through its’  New Ventures  group.

What are the steps or what is the process involved in venture development?

The decision to form a startup company and license technology from NC State University can be illustrated by the Venture Development Process info graphic (above) and involves many steps or phases, each with its own learning curve, best practices, pitfalls, available resources, and avenues for partnership and support.

How does NC State University support the formation and launch of startup companies to commercialize university technology?

NC State strives to assist our innovators who would like to participate in startup companies through our New Ventures support within the Office of Research Commercialization  (ORC). We continuously strive to find new ways to make the process of commercializing university technologies through a startup more transparent, while finding ways to clarify, quantify and reduce the risks involved.  The Venture Development Process graphic (above) includes a walk-through of the steps or phases involved with starting a company based on University intellectual property. At each phase in the process, there are links to resources both internal to NC State, external from our Triangle Innovation Ecosystem and direct services offered by New Ventures within the ORC. From the initial invention disclosure to raising external capital, we assist our NC State startup companies through the process.

Our intent, with our array of partners, is to:

Parts of the Process

Invention disclosure process.

The Patent and Tangible Research Policy (POL 10.00.01) at NC State states that “it is in the public interest for the University, when appropriate, to secure intellectual property protection for the products of its research to facilitate commercialization, to encourage entrepreneurship, to contribute to the professional development of University inventors, and to enhance the educational opportunities of participating students”.

The policy defines the terms like “invention,” “inventor,” and how royalties flow through explains the university’s distribution policy as follows:

As a condition of employment at NC State, every employee must sign the  NC State Patent Agreement , which states the “obligation to communicate promptly to the University Office of Research Commercialization a full and complete disclosure of all inventions.” Further, the agreement states that “every employee will assign to the University their right title and interest in all inventions that they conceive or reduce to practice during the course of their employment or in connection with their use of university facilities or funds administered by the University.”

During this phase the university innovator will:

Online disclosure to the Office of Research Commercialization (ORC) for Copyright, Invention, Plant, or Software

The very first step in seeking to

commercialize an innovation (will refer to an invention or technology, software, a copyrighted work, or plant) developed at the university will be to submit an  Invention Disclosure Form (IDF)  through the  NC State Office of Research Commercialization (ORC) . ORC will evaluate the IDF to determine the best path forward for compliance reporting and commercialization. During this time, the University Innovator should begin to consider and prepare for several possible outcomes.

Research Commercialization Review

ORC’s staff has expertise in intellectual property management including patenting, copyright, trademark, plant variety protection, and software commercialization. Research Commercialization seeks and works with university innovators to find the path necessary to commercialization, so it is critical that the innovator leverage the expertise and experience in commercializing innovations at the earliest stage possible. However, there are many reasons why an innovation might not be able to be protected and commercialized. If ORC is unable to proceed with commercialization, your assigned Licensing Associate from ORC will respond back to the university innovator as to the reasons why. Often further development or more data is required to make a compelling case for attracting a commercialization partner. Sometimes the innovation is solid but a market need can not be identified.

How does ORC find a suitable licensee for commercialization?

If it is determined that the innovation is considered feasible for commercialization then ORC will typically  market the opportunity to license the innovation to established companies and/or experienced entrepreneurs  first. Licensing an innovation to an established company or experienced (also known as “ serial entrepreneur “) entrepreneur is the most traditional route to successful commercialization. This is due to the financial strength, research and development capabilities, specialized equipment, developed customer base, distribution channels, and experience in bringing technologies to market.

However, licensing to an existing company or serial entrepreneur is not always feasible, and under appropriate circumstances, University Innovators may choose to form a startup company to commercialize intellectual property developed at NC State (“Startup Company”). These  NC State Startup Companies  drive economic growth by offering a pathway toward commercialization that often remains rooted in the local economy. Startup companies contribute to the economic development mission of the university by creating employment opportunities for our graduates, assist in attracting top faculty, and connect the research and economic development missions of the university to our alumni base. Working to ensure that NC State maintains its vibrant innovation and entrepreneurial environment is a key goal of the Office of Research Commercialization.

When does the startup company possibility become a reality?

If there is no interested external licensee, and the university innovator is interested in commercializing the technology through the creation of a startup company, then the university innovator should meet with the Office of Research Commercialization and start to discuss the possibility of launching a startup company.

This is when the Venture Development (launching a startup company based around intellectual property developed at the university) process begins.

What is an Invention Disclosure Form?

Why should I submit an IDF?

When should I complete an IDF?

Should I disclose research tools?

How do I submit an IDF?

What is an “NC State Startup Company”?

Learn more about submitting an invention disclosure, how to determine if your discovery is an invention, and who is considered an inventor in our  Innovator’s Guide to Commercialization .

NC State University Resources:

Additional Resources – Web Links:

Market Assessment

Some of the top reasons that startup companies fail:.

Conduct a market assessment. The process of market assessment includes:

Additional Resources – Videos

Additional Resources – Documents

Triangle innovation and entrepreneurial ecosystem resources.

NC State University Resources

Additional Resources – Web Links

Additional Resources – Books

Business Model

Building a business model.

The business model is the heart of the venture. Put simply, how will this business make money?

It takes time to build a complete business model. Care must be given to really understand the voice of the customer.

It takes even more time and resources to develop a defensible business plan. Generally, startups are in search of a business model that works (one that can sustain the company) and if the company survives and gains traction, a business plan will be necessary for attracting funding.  The NC State Office of Research Commercialization supports completing a business model canvas as a first step to determining the business model that will make sense for the company.

In addition, when a Startup Company in which an NC State employee holds an ownership interest makes a proposal to Office of Research Commercialization requesting to option or license intellectual property, the Startup Company will be required to provide Office of Research Commercialization with a business plan or  business model canvas  that includes the following information: value proposition; customers; key partners, activities, and resources; cost structure and revenue streams; and milestones for product development and commercialization.

I-Corps Faculty Toolkit Additional Resources – Web Links

Venture Formation

Form a company.  Deciding to move forward and create a startup company is a turning point. It has ramifications, consequences and responsibilities. In fact, you are now bringing a new legal entity into the world and it is important to understand and respect the differences between the company and you as an individual. You must be able to understand and draw the line between the company from yourself as an individual in that company.  As an entrepreneur, it is your responsibility to ensure that your company follow all applicable laws and operate as a responsible corporate citizen.The venture formation phase involves:

During this phase the startup will meet with the Office of Research Commercialization and begin to complete a  business model canvas  and review the  Venture Development process  to develop other aspects of the startup to better position them as the potential licensee for attaining the technology license from Office of Research Commercialization.  Keep in mind that there is no guarantee that the startup will get the license they want.  If Office of Research Commercialization decides that the startup company is the best possible licensee, negotiations with Office of Research Commercialization for a license could take several weeks to many months. However, some negotiations may only take a few days if both parties can agree to terms easily.

Important Considerations

Online formation tools are not a recommended strategy. While expedient and potentially cost-effective in the short-term they can lead to mistakes that will prove to be very costly  in the long-term.

Technology Rights

Working with the office of research commercialization.

During this phase the startup company will primarily be working with the Licensing Associate from Office of Research Commercialization that is assigned as the case manager for the technology that is to be licensed. To find out who your case manager is you can use the  Who Should I Contact? tool  and look under “I have questions about Invention Disclosures”. The case manager that is responsible for invention disclosures for the given technology type, will also be the licensing contact.You will have to have an approved Notice of Intent disclosure (typically approved by your Department Head and Associate Dean for Research)  before the license or option agreement can be executed  by Office of Research Commercialization.

NOI Resources

How does the flow of money work from the startup to the university to the inventors?

The  Office of Research Commercialization staff  is your primary resource for this phase.

What does the licensing process look like?

What is typically licensed?

What should I pay careful attention to in the licensing language?

What will reporting look like?

How long will the licensing process take?

Can you share an example license/option agreement?

What are the typical terms of the startup license?

The key consideration is  the relationship between the licensee and the Office of Research Commercialization (licensor) .  Securing technology rights is simply the first step as you begin down the path of building a startup company, potentially licensing additional technologies, sponsoring research back to the University, needing to amend a license term or date for any number of reasons, filing reports, making financial payments in accordance with the licensing terms, or any number of other requests that the startup might engage with Office of Research Commercialization about. The relationship between the startup and Office of Research Commercialization should be viewed as a long-term one. It is important to keep this in mind and act accordingly.

External Visibility

During this phase, the university innovator will:.

It is very important to be found, and increasingly this is through the web, and using a mobile device. The startup company has worked hard to develop a viable business model, form the company and license the technology from the University. Now, you are looking to attract talent, potentially investors, and ultimately customers.

New Ventures Services

ORC’s New Ventures Team will work with the startup company to develop the brand print for the startup company based on the value proposition.

One of the main benefits of being an “NC State Startup Company” is the ability to partner with the universities’ communication partners for increased visibility. Listed below are some of the university communication partners:

Brand, brand print, and personal/startup company visibility:

Pitch Deck Template for startups   from  Malcolm Lewis

Canaan Pitch Workbook 2013   from  Canaan Partners

Mentor Network

Recruiting mentors & advisors, office of research commercialization advisors (orca) program.

The Office of Research Commercialization Advisors (ORCA) program is designed to provide a comprehensive way for a broad range of external advisors and expert management to engage with NC State startups and research teams.

Click here to learn more about the ORCA Program

The  NC State Alumni Entrepreneurs Network  mission is to improve entrepreneurship within the business and academic communities by fostering collaboration between alumni entrepreneurs, NC State and students. We believe there is incredible value in pairing together the new business founder, the seasoned entrepreneur and NC State.  The Alumni Entrepreneurs is an organization for current or previous business founders looking to become more involved with entrepreneurship at NC State.

The  NC State Poole College of Management Entrepreneurship Clinic  operates the eClinic, which is located in HQ Raleigh and a co-working space in downtown Raleigh that is home to a growing community of entrepreneurs. Inspired by the hospital teaching model that integrates research, teaching and real world experience, the eClinic is embedding entrepreneurship students in the entrepreneurial community and engaging them in experiential learning. Aided by their faculty members, the students will provide consulting services to area startups and fuel new applied research in entrepreneurship and commercialization.

Leadership Team

Identifying needs and making decisions, there are several critical decisions to be made at the onset of the company’s launch for nc state innovators:.

In the early days it might be necessary for NC State Innovator(s) to have positions within the startup company in order to build enough value or market traction in order to attract the proper leadership team. Ideally, the leadership team should be full time external people that are experienced in startup formation and growth and have experience in the particular industry sector.

Forming an Advisory Board

Advisory Boards need to be a balanced and diverse team with good chemistry.

Forming a Board of Directors

How to Be Startup CEO

Technology Development

Assessing needs and locating resources.

Business Development

Business questions to address.

Facilities & Equipment

Use of facilities.

The Office of Research Commercialization offers:

One of the main benefits of launching a startup company from NC State is the access to numerous resources:

NC State Use of University Facilities (REG 07.25.11) Policy

Triangle Innovation and Entrepreneurial Ecosystem Sources

Who sets the rates for facility use?

Resources & Capital

Seeking funding, nc state funding resources.

External Financial Resources

The Council for Entrepreneurial Development (CED), the largest and oldest entrepreneurial support organization in the country, offers a  Connections to Capital program  that assists startups in finding funding to scale. Connections to Capital works with a company to find and connect the venture with investors that meet the needs of the company. The program also includes educational services such as practice investor pitches.

To qualify as an  accredited investor , one must meet one of the three following criteria:

New Venture Development Program (NVDP)

The technologies contained in these new companies are typically too early in development to be attractive to Angel Investors or Venture Capitalists.

This program creates new companies from technologies that have graduated from TAP and show clear business potential. The Level 2 Program supports early stage companies like these. The criteria for an early stage company is as follows:

Time required for funding to be processed 90 days Estimated Funding for companies below 3M valuation only Up to 300,000 Project Completion Timeline Less than 3 years operation time

At this stage, BioAccel may provide assistance in launching the company (if necessary), forming the management team, identifying facilities, and providing mentorship for the entrepreneur through the initial stages of the company formation.

Providing mentoring to the Entrepreneurs: According to today's statistic the major reason that start-ups fail to day is because they do not know what the customers want. At BioAccel, we guide entrepreneurs to see the rational business perspective of their product. We help entrepreneurs identify their market demands and make better decisions.

Identifying facilities: We all know that one of the most expensive form of investment in United States is health care. The facilities created to in order to provide high standard treatments to the customer require exceptional amount of funding. However, our incubator, BioInspire, is a state-of-art facility that allows a company to carry out its various research or testing.

*Applications for BioAccel programs are solicited from public and private research programs, early stage companies, and entrepreneurs. To increase the chances of funding projects whose technology will ultimately be commercialized, the external review process includes criteria that assess applications in an objective manner. An independent ad-hoc review committee of scientific, industry, financial, and business subject matter experts review applications and recommend projects to be funded

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Entrepreneurship: New Business Ventures

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Build, scale and grow your ideas with confidence and clarity

In today’s disruptive and fast-changing business environment, more of us than ever will experience the challenge and opportunity of embracing entrepreneurship and launching a new business venture.

Whether you join a newly formed business as a key employee, start your own venture, pursue new opportunities within your organisation or choose to invest personally in innovation, embracing entrepreneurship is a unique chance to realise personal goals – and to make an indelible mark on society. But launching, growing, and managing a new business venture is not easy. And while failure is the mantra of many a seasoned entrepreneur, there are many obstacles to starting up successfully; obstacles that can set you back both personally and professionally. Mastering a set of core entrepreneurial skills and competencies, and building the right mindset is critical in determining the prosperity of your venture – and setting you on the path to success.

Entrepreneurship: New Business Ventures is your essential introduction to the skills, concepts and actions you need to build a successful new business venture. From exploring how to generate and develop game-changing ideas, recruiting and managing the right team, to identifying and engaging with investors, you will master every step of the entrepreneurial journey to success. This includes exploring ideas beyond the confines of the classroom and putting theory into practice via real-world customer interaction and pitching to actual investors.

You will learn how to think like an entrepreneur. You will also develop the acuity of vision, the agility and the mindset to:

Drawing on the latest in thought leadership, leading-edge INSEAD research and real-world examples, Entrepreneurship: New Business Ventures is a transformative learning experience that will equip you with everything you need to build, scale and grow your ideas with confidence and clarity.

How you benefit

Participant profile

The programme is specifically designed for:

The program is also suitable for corporate entrepreneurs, employees or executives in family businesses, those involved in private equity, corporate venture capitalism, or working for business incubators.

new venture development program

This programme qualifies for the INSEAD Certificate in Global Management .

On-demand Webinar Insights into Entrepreneurial Business Models

Do most entrepreneurs identify promising business opportunities and then build a business model to fit, or do they first find a novel business model and build the business around it? Watch this on-demand webinar with Professor Henning Piezunka to find out.

During the webinar Professor Piezunka shares his thoughts and insights into entrepreneurial business models and how they are developed. This is followed by a short overview of the Entrepreneurship: New Business Ventures Programme.

Watch on-demand

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Entrepreneurship Development Program

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Management and Leadership

Certificate Credits

- Entrepreneurship

- Financial Management

- Strategy & Innovation

Course Highlights

Course Snapshot

Why attend the Entrepreneurship Development Program (EDP) ?

Drawing from the vast culture of innovation and entrepreneurship at MIT, this unique entrepreneurship development course introduces participants to MIT’s entrepreneurial education programs, technology transfer system, and global entrepreneurial network. It covers the entire venture creation process, from generating ideas to building viable global businesses, with a special emphasis on the nurturing roles of corporations, universities, governments, and foundations.

This program leverages MIT's culture of high-tech entrepreneurship to help entrepreneurs , corporate venturing executives, startup companies , and others involved in entrepreneurial environments learn what they need to develop ideas into successful businesses, and how to increase entrepreneurial opportunities in their corporations, institutions, and regions.

Course Experience

Through lectures by senior MIT faculty, visits to local startup companies, and live case studies with successful entrepreneurs, participants will be exposed to the content, context, and contacts that enable entrepreneurs to design and launch successful new ventures based on innovative technologies. Specially designed team projects give participants hands-on training and practical experience developing a business plan, while networking events bring participants together with members of MIT’s entrepreneurial community.

Learn more about the in-person course experience.

Applying to the Course

We accept enrollments until the offering reaches capacity, at which point we will maintain a waitlist. Many of the courses fill up several weeks in advance, so we advise that you enroll as early as possible to secure your seat.

You can begin the application process by using the red 'Enroll Now' bar at the bottom of the screen.

Have Questions?

Watch this recently recorded information session about the program and our related course, Disciplined Entrepreneurship .

Contact us if you would like to speak with a program director or visit our Frequently Asked Questions page for answers to common questions about our courses.

Health and Safety

See our on campus healthy and safety policies.

Testimonial from past course participant Tarek F.

Upon successful completion of your course, you will earn a certificate of completion from the MIT Sloan School of Management. This course may also count toward MIT Sloan Executive Certificate requirements.

You'll leave this course able to

Testimonial from past course participant William S.

Read more about William Sunito's experience . 

Sample Schedule—Subject to Change

Should you attend the Entrepreneurship Development Program?

This program is designed for

Titles of past participants have included

Regional economic development agencies

Photograph of Scottish castle and surrounding grounds.

The Experience

Degree Programs

Executive Education

News + Stories

Academics + Research

Entrepreneurship is a career path for many students upon graduation or later in their career. Launching a new venture raises unique challenges given that a sustainable business model has yet to be determined and financial resources are initially limited. This pathway offers a curriculum that combines strategy, finance, organizations, and marketing in pursuit of successful new venture creation. The pathway includes a sequence that allows interested students to develop and launch new companies (ENTR 462, 464, and 466), coupled with courses that develop discipline-based skills of particular relevance to building new firms.

Faculty sponsors: Ben Jones (Strategy), Mitchell Petersen (Finance)

1 | Launch-Pad

2 | building-blocks.

*These two courses have significant content overlap and students should not take both courses.

3 | Industry-Focused and Experiential

4 | nuvention (cross-university).

NUvention courses offered through McCormick include discover, test, launch phases.

Last edited October 10, 2022. For any questions regarding this page, please email [email protected]

Other pages in Majors & Pathways:

Pages in full-time mba program.

Where Diverse Leaders Prepare for Impact

The Black Corporate Board Readiness (BCBR) program accelerates diverse representation in corporate governance by accompanying highly experienced, qualified Black leaders through a structured executive education program. The BCBR program connects participants to experienced board members, rigorously prepares them to excel, and builds a community devoted to better business performance and racial equity.

We launched the inaugural BCBR cohort in February 2021 on the foundations of the Women's Corporate Board Readiness program. BCBR is a “for us, by us” community: we seek to provide a safe space for conversations about the realities and responsibilities of being Black on a corporate board, and each program participant is accompanied by a mentor with lived experience as a Black corporate director.

BCBR Bay Area Mixer - March 30, 2022

BCBR Bay Area Mixer

Testimonial by Christiane Pendarvis, Cohort 2

Cohort 2 Testimonial

BCBR Networking in Sonoma County, September 25, 2021

Networking in Sonoma County

Testimonial from Ahmad Thomas, Cohort 3

Testimonial 2

new venture development program

New Board Appointment

new venture development program

Testimonial 3


Testimonial 4

The BCBR program comprises over 43 virtual contact hours with exceptional facilitators and experienced Black leaders and 4 hours of individual mentorship:

Pull quote illustration

Across the nation, people are screaming, crying out for social equality and to get rid of social injustice, inequality. My feeling is that business has a role to play and that it’s very important for business to act now. If business does not show leadership now, people will look for leadership elsewhere. Leadership by business starts by ensuring more diversity in the boardroom.

Program Advisory Board

new venture development program

Caretha Coleman

new venture development program

Mark Goodman

new venture development program

Almaz Negash

new venture development program

Desirée Stolar

new venture development program

Robin Washington

Board Director and Adviser, CFO

new venture development program

Barry Lawson Williams

Meet our community of leaders accompanying BCBR program participants.

2023 Sponsors

new venture development program

Program Alumni

Become a Mentor

new venture development program

Stuart Peterson

Venture capital | venture capital & private equity, stuart peterson. senior partner and founder of artis ventures., stuart peterson's bio:, stuart peterson's experience:, board at cohesity.

Cohesity’s mission is to enable companies of all sizes to bring order to their data chaos. Started by Mohit Aron, the pioneer of hyper-convergence, Cohesity takes aim at the inefficient, fractured landscape of secondary storage for backup, development, and analytics by applying a distributed, web-scale architecture to converge these silos of data. Its solution converges these secondary storage workflows into an intelligent data platform so customers can store and protect data seamlessly, use it efficiently, and learn from it instantly. The company is headquartered in Santa Clara, California, and is backed by leading venture capital firms including Sequoia Capital, Wing Ventures, ARTIS Ventures, Google Ventures, Qualcomm Ventures, Accel Partners, Battery Ventures, and Trinity Ventures.

Board Member at Stem CentRx

Stem CentRx is combining scientific talent from the world's leading enterprises and academic labs, a stem cell centric philosophy, and cutting edge technologies to develop novel cancer therapies and diagnostics, with the hope of ultimately curing patients with solid cancer tumors. Stem CentRx was founded in 2008 with the intent of developing life-changing therapies for cancer patients. The company has developed proprietary discovery platforms that yield unprecedented insight into the biology of solid tumors and are being exploited to develop potent new cancer drugs.

Trustee at San Francisco Museum of Modern Art

Founded in 1935, SFMOMA was the first museum on the West Coast devoted to modern and contemporary art. From the outset, the museum has championed the most innovative and challenging art of its time, and continues to exhibit and collect work by both modern masters and younger, less-established artists. By embracing the challenge of the new and unexpected, the museum hopes to encourage fresh ways of seeing, thinking, and engaging with the world. The museum strives to continuously expand the range of cultural experiences offered, and to provide as many ways as possible to make the art meaningful and accessible to the community. To that end, the museum's role as a place for learning and inspiration is set to be enhanced through an expanded building, scheduled to open in early 2016, that will showcase an expanded collection and dramatically increase our capacity to serve visitors of all ages.

Partner at ARTIS Ventures

Trusted and experienced venture investor looking to partner with consumer Internet and enterprise companies at all stages - seed, early-stage and growth. We are interested in meeting founders and teams with a clarity of purpose and focus, strong track records and original bold ideas that have the power to disrupt an industry, a market and ideally the world. As a partner, we work closely with founders and management teams to help create and grow industry leading companies that provide customers with truly differentiated capabilities and superior value. Supporting companies across multiple areas including customer introductions and acquisition, recruiting, business development, marketing, operational excellence and strategy, company financings and exits. Areas of focus: Consumer Internet and Enterprise IT (including Next Generation Compute, Software, Storage, Infrastructure, Open Source, SaaS, Security, Public/Private Cloud, Virtualization, Mobile and Networking).

Stuart Peterson's Education:

The university of chicago - booth school of business, stuart peterson's interests & activities:.

Exploring new technologies, art and design, snow skiing, cycling and yoga.


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    The New Venture Development Program will prepare you to: Step into any role after your undergraduate or graduate experience better prepared to lead confidently and innovate in everything you do. Launch new ventures Take leadership roles at startups Innovate in a corporate setting Work at venture capital firm Applications are due February 03, 2023

  2. Launching New Ventures

    Conceive, launch, and grow a successful new venture Analyze, prioritize, and determine the feasibility of new product and business ideas Pitch your business to potential investors and other stakeholders Evolve your leadership approach to manage ongoing innovation, radical change, and growth Address competitive challenges

  3. New Venture Development

    NVD helps with the drafting of initial executive summary, core value proposition messaging, and introduction to mentors 1:1 meeting with NVD Staff Incentives for Teams Sharing of Markets Trend Summaries and Reports relevant to the Project Assessment Teams at this stage have completed at least one of the following: Provisional Patent Filed

  4. Venture Development Process

    What is the Venture Development Process? It is what we refer to as building a startup company around a university technology that has been licensed. The Venture Development Process graphic (above) includes a walk-through of the steps or phases involved with starting a company based on University intellectual property.

  5. BioAccel

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    Over the course of the fall and spring semesters, New Venture Development Center student associates engage with on-campus resources and business professionals while building out a lasting professional network. The program is open to graduate students from any major at the U. Apply Here Learn More

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    Need to have one strategy development meeting with NVD during office hours Need to complete 1 meeting with a mentor, teaching team, speaker, or NVD Entrepreneur in Residence Need to complete and document 5 commercialization qualifying meetings outside the University (NVD can help facilitate and provide network contacts if needed)

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    Entrepreneurship: New Business Ventures Apply Reserve a seat Download Brochure Contact our advisor Send an email Call Europe office Call +33 1 60 72 43 56 Upcoming Sessions July 2023 Begins 03 Jul 2023 Fontainebleau 5 days Apply Reserve a Seat Download Brochure €9,950 INSEAD Alumni Offer

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    Drawing from the vast culture of innovation and entrepreneurship at MIT, this unique entrepreneurship development course introduces participants to MIT's entrepreneurial education programs, technology transfer system, and global entrepreneurial network. It covers the entire venture creation process, from generating ideas to building viable ...

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  13. Black Corporate Board Readiness

    The BCBR program connects participants to experienced board members, rigorously prepares them to excel, and builds a community devoted to better business performance and racial equity. We launched the inaugural BCBR cohort in February 2021 on the foundations of the Women's Corporate Board Readiness program. BCBR is a "for us, by us ...

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    His role is to lead PATH Ventures statewide development program to provide quality permanent supportive housing. His role also includes looking for future development opportunities, development partners, and joint-venture opportunities as well as remain up to date on affordable housing finance policy, regulations, and funding.

  15. Stuart Peterson, Venture Capital & Private Equity

    Stuart Peterson and Artis Ventures have been partnering with visionary founders who create new markets or redefine existing ones since 2001. From the earliest stages, partnered, funded and supported YouTube, Nimble Storage, Locus BioSciences, Excision BioTherapeutics, Practice Fusion, Stemcentrx, Bracket Computing, Data Domain, Versa Networks, Fabric Genomics, Aruba Wireless Networks, Palantir ...