At the beginning of April, AR Solutions (arsolutionsinc.com) Founder and CEO Aaron Newell had the opportunity to judge this year’s New Venture Competition through UNL’s College of Business. Judges for the New Venture Competition come from a variety of sectors and bring diverse and valued perspectives gained through their professional experiences to their roles in evaluating the competition. Judges also play important roles as role models and sources of encouragement as well as trusted voices to offer constructive critiques and reinforce student learning.
The New Venture Competition is a celebration of entrepreneurial learning and competition. Graduate and undergraduate business plan competitions were held for Nebraska students during the two-day event. Students pitch their business plans to judges from the Lincoln and Omaha business community and field questions on current traction, monetization strategies, risky assumptions and more.
The New Venture Competition runs in a bracket, or knockout format. Teams advance through two preliminary rounds. Following elimination rounds, four teams compete against each other for the grand prize. One grand prize of $15,000 along with additional cash prizes awarded during the Networking and Awards Reception. Top four have the opportunity for further investment up to $25,000 from the Husker Venture Fund.