26th New Venture Competition Launched
The 26th annual HBS New Venture Competition, held in Klarman Hall in March 2023, featured 12 finalist teams competing for cash and in-kind funding for their startups. The finalists were selected from 318 teams by judges, including many HBS graduates, from fields such as venture capital, private equity, law, accounting, philanthropy, impact investing, and social entrepreneurship. The winners received awards of $75,000 each in the Student Business Track and Student Social Enterprise Track, with runner-up prizes of $25,000; two audience prizes of $5,000; and $15,000 in Tough Technology prizes. The Alumni New Venture Competition engaged 139 teams, competing for $100,000 in cash and in-kind support.
Student Business Track
The Dubilier $75,000 Grand Prize: Halo Braid
Satchu-Burgstone $25,000 Runner-Up Prize: DoriVac
Student Social Enterprise Track
Peter M. Sacerdote $75,000 Grand Prize: The MV3 Foundation
Peter M. Sacerdote $25,000 Runner-Up Prize: Pando
Tough Technology Prize
Most Promising Climate Tech Venture $5,000 Prize: Gresnol
Most Promising Deep Tech Venture $5,000 Prize: Phenegra
Most Promising Pharmaceutical Venture $5,000 Prize: Believer Pharmaceuticals
Alumni Track
$75,000 Grand Prize: M7 Health
$25,000 Runner-Up Prize: Hue
Crowd Favorite $5,000: Tilden
New Venture Competition Press Release & Team Videos