New Venture Program and Competition
About the program · 1 linked sources
Technology Management's New Venture Program is an eight-month sequence of courses, workshops, and mentorship that prepares student teams for UC Santa Barbara's New Venture Competition. The program page says the competition has run since 1999 and is open to every major and level.
Also known as: UCSB New Venture Competition, NVC
How we know this: the figures on this page come from the linked sources (last verified 2026-10-08); what those sources do not state is left unknown.
Key numbers
Funding range
$40,000
Equity
Varies by investment
Application
Annual
Campus Wide
Last activity
2026-10-08
High confidence
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New Venture Program and Competition
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New Venture Program and Competition
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Application and Timing
Information sessions are held each October. Fall is for ideas and teams, winter for workshops and mentors, and spring for the competition. The overview says promising teams can continue in The Garage through G2.
Participants
Undergraduate and graduate students from all academic disciplines. The student-information page says a team is needed to enter the competition, that students do not need a pre-formed idea or team, and that fall mixers are used to form teams. No course credit is awarded for the program itself.
Funding and Equity
The program page says each year up to $40,000 in cash, startup grants, and in-kind services are awarded. It does not split that figure. Equity terms are not stated. The recorded maximum is the published annual award pool, which mixes cash and in-kind support.
Recent Activity
The New Venture page was live on October 8, 2026, and invites current students to fall information sessions.
Known Startups or Winners
The page says more than 70 startups have launched from the competition and have raised over $1.2 billion. It names Nectir AI, co-founded by 2019 NVC finalist Kavitta Ghai, and says that company has raised more than $15 million at a $50 million valuation.
Research gaps & things to verify
Verification Gaps
The $40,000 figure bundles cash, grants, and in-kind services. The current year's prize recipients are not named on the captured pages.
Additional research notesShow
Evidence
News & articles
News articles and official sources documenting New Venture Program and Competition at University of California, Santa Barbara.
1 source
New Venture Program and Competition
University of California, Santa Barbara
University of California, Santa Barbara
New Venture Program and Competition
Technology Management pages describe the New Venture Program, the competition, and the undergraduate certificate.
Read on University of California, Santa Barbara