Wolverine Venture Battle (WVB)
There is no one right way to start a venture. Therefore, the path to success in the real world entails competing with teams who use many different approaches to achieve the same goal: funding. The Wolverine Venture Battle (WVB) simulates the real world by allowing teams to compete for prize money without the confines of a cumbersome administratively heavy business plan competition. The Wolverine Venture Battle is open to both social and commercial teams.
Who Should Participate?
The competition is not limited to business and entrepreneurship majors. In fact, this competition has been deliberately designed for all majors to be comfortable participating. We’re looking for:
- GCC students interested in enhancing their presentation skills
- GCC students who want to explore the idea of starting a new venture – social or commercial
- GCC students who enjoy hands-on learning experiences
- GCC students with competitive spirits who are ready to have fun and win cash prizes
Spring 2018 Important Dates
- Feb. 22: Intent to Compete by 11:59 pm
- March 28: Proof of Concept Due by 11:59 pm
- April 16: WVB Finalists Announced
- April 28: WVB Investor Packet Due
- May 4: Wolverine Venture Battle + VentureLab Showcase | Sticht Lecture Hall | 1:00 – 4:00 pm
Teams to Compete for $20,000!
Round One: Intent to Compete
To register, teams are required to complete the online form by clicking on the button below.
- What is the name of your venture?
- Is it social or commercial?
- Team Member Information
- Idea description (1-2 paragraphs)
- Commercial Enterprises Only: Completed Business Model Canvas. Here’s a PPT template. Please print it to PDF before you upload it. Guidance on how to complete the Business Model Canvas can be found here.
- Social Enterprises Only: Completed Mission Model Canvas. Here’s a PPT template. Please print it to PDF before you upload it. Guidance on how to complete the Mission Model Canvas can be found here.
Register above by 11:59 pm on Thursday, February 22, 2018.
Round Two: Proof of Concept Round
Once you indicate your intent to compete, it’s time to get to work! For the next few weeks, your team will go about making as much progress as possible toward strengthening your case that your idea is a good (and viable) one. If you’re serious about being a contender, you’ll want to follow these proven Pro Tips.
Your Proof of Concept Round Submission consists of the following three parts. When you’re ready to submit, access the submission form by clicking on the button below.
PART 1 – PowerPoint Presentation: In no more than 15 slides, summarize each of the nine blocks on the Canvas as it pertains to your idea. PowerPoint presentations must be saved as a PDF.
PART 2 – Video Submission: In a video that is no longer than seven minutes, tell the WVB Review Panel a compelling story that makes them believe that your idea is a BIG idea. Weave in aspects of the PowerPoint presentation that support your cause.
The video is also where you want to highlight what you’ve done to strengthen your belief that this is a viable venture. If your team did a ton of interviews, tell the WVB Review Panel about the insights that you have discovered. If you made a prototype, show it off! Explain the changes in thinking that your team has experienced from the initial Canvas and how you’ve pivoted. Finally, make the video interesting!
Videos are to be uploaded to YouTube and the link to view the video will be submitted below. (You may categorize the video as “Unlisted” if you do not want the public to have access while still allowing the WVB Review Panel to view it.)
PART 3 – Submission Statement: This Submission Statement signed by all team members must be uploaded as well.
Feedback will be provided to the finalist teams in order to guide them as to how they should proceed to strengthen their business models.
Submit Proof of Concept by 11:59 pm on Wednesday, March 28, 2018.
Wolverine Venture Battle 2018 Sponsors
Heartfelt thanks to our sponsors for their generous support.
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The Habbershon Family
Tim ’81, Grant ’06, Meredith ’07, Jonathan ’09, and Natalie ’11
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Susan and Eric Hanson ’73
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Kelly (Tsikalas ’92) and Matt Knouse ’92 and family
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Betty Rae (Gray ’82) and Stephen Smith ’81
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Michael ’86 and Wendy (Knight ’86) Kuremsky
WOLVERINE ADVOCATES + FRIENDS
Cindy (Mayfield ’72) Crooks and Ed Crooks ’71
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Jeanne, George ’88, Chad ’16, and Trey Hall
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Elizabeth (Smith ’81) Hanley and Peter Hanley