The New Venture is an entrepreneurial, team-based Ivey Field Project (IFP) that takes students through the process of:
- developing and refining an idea for a new venture
- researching and analyzing the opportunity
- building a detailed and compelling Business Model and Plan
- creating and presenting an "Investor Pitch" to an external review panel or potential investors.
New Venture Project (and Entrepreneurship Certificate) Students have the opportunity to apply their business knowledge to identify and develop a commercial enterprise with teams of skilled individuals. Their concept is then strenuously tested and refined through participation in entrepreneurial skill-building classes (such as the case-based New Venture Creation course), high-profile business plan competitions, and coaching sessions with Ivey faculty and established Entrepreneurs-in-Residence. New Venture Project culminates with the submission of a written plan and a live 'investor pitch' to an external venture review panel. Over the years, New Venture Project has led to the formation of several new businesses.
MBA teams taking the New Venture stream can also apply to the Western Accelerator at the end of the course, and continue working on launching their venture during their final semester for course credit.
For more information, please contact Morrissette Entrepreneurship.