About Challenge 2019

Average $50k Per Startup

The Summer Startup Accelerator is

12 weeks of focused growth.

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Join the challenge and…

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Learn

Experts guide you in:

  • Product Development
  • Sales and Marketing
  • Funding Strategies

Connect

Join a growing community of Startup Champions

Meet Mentors, Industry Leaders and Doers

And Technologists, Innovators, Marketers, Developers

Grow

Accelerate

Revenue

Next Rounds of Funding

Succesful Outcomes

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Yes, I want to know more.

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I have a question, please contact me.

Challenge Applications and Term Sheet at F6S.com

>> Start Your Application Now at F6S

Deadline for Applications

March 31, 2019, 11:50 PM EDT

1. Apply

Round One is online.

Submit an application.

Get the immediate attention of experienced startup experts.

Define your startup with focus and clarity.

2. Present

Round Two in NC.

Finalists pitch to the investor club in Winston.

Winners get cash and enter the accelerator.

Close your first round of funding.

3. Accelerate

Post accelerator you are:

Experienced in acceleration methods and ready for exponential growth.

Meeting active investors and preparing for your next round of funding.

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Challenge Applications and Term Sheet at F6S.com

>> Start Your Application Now at F6S

Startups need money…

New Ventures Challenge 2018, the third annual business idea competition that awards up to eight startup business teams the opportunity for an average investment of $50,000 each in seed funding and months of business development and acceleration.


The investment from the New Ventures club enabled us to make a key technical hire that will elevate our business to the next level, we never could have done it without them!

Jonathan Woahn
Cofounder Ampogee
New Ventures 2016 Cohort

This is a unique opportunity to launch
a funded startup.

 

Step one: Enter the business challenge.


New Ventures gave us the courage to pursue Leading Role as a startup, their accelerator framework, the preparation for Demo Day, and the follow-on advisors have been invaluable.

Hannah Ashford
Cofounder Leading Role
New Ventures 2016 Cohort

Their hard work and commitment to all of our success was remarkable. They provided many valuable insights, introduced us to their vast network, helped guide all of us through design thinking and identifying product market fit opportunities.

Edward Hall
CEO Petrics, Inc.
New Ventures 2018 Cohort

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The New Ventures cohort of 2018

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Fixional,
Menlo Park, CA
 
Fixional makes an AI-powered editorial tool that helps publishers review and revise writing at scale

 One Donation,
Winston-Salem, NC
 
One Donation makes it easy to deploy giving campaigns that engage employees and deliver donations to non-profits.

 B-line Analytics,
Halifax, Nova Scotia
 

B-line delivers real-time transportation and commuting data for both urban planning and sustainability models.

 
Rent Assured,
Winston-Salem, NC
 
Rent Assured takes the uncertainty out of property rentals, before, during and after the lease has been signed.

 Conventional Applications,
Raleigh-Durham, NC.
 
Conventional Applications builds geo-located travel experiences for brands and their consumers.

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The New Ventures cohort of 2017

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Arxchitect,
Winston-Salem, NC
 
Arxchitect is the first process automation platform designed specifically for healthcare leaders.Data driven, event-based machine learning connects, coordinates and controls critical processes.

 
Funeral Insider,
Winston-Salem, NC
 
Making funeral arrangements for burial services and cremations is confusing and stressful. Now grieving is reserved for the family and friends of the loved one departing – not because you paid the bill.


WineAmp,Durham, NC
 
Native mobile apps for wineries keep customers engaged, and coming back for more wine. We make CRM simple, and you communicate with your wine club members without hiring anyone.

Yanay,
Piedmont Triad, NC
 
You focus on customers, and we deliver actionable insight. Yanay is a service-first company helping small businesses and organizations manage their online presence and customer feedback.

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The New Ventures cohort of 2016

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Ampogee,Piedmont Triad. 

Our performance management software engages employees in their own productivity and gives employers interactive tools for tracking ad encouraging transparency and efficiency.


Leading Role Studios,Winston-Salem. 

We are developing fully-realized dimensional environment content for virtual reality systems that make users the heroes of their own stories.

Petrics,

Wilmington, NC.

 

We are helping pet owners care for their pets by creating health tracking products that improve quality of life.


Scout IoT,Piedmont Triad. 

Designing wirelesss sensors for commercial building control and manufacturing plants that are used for condition monitoring and alerts.

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Funding, Cash and Prizes

Close your first round of funding and prepare for the next one.

The Challenge is made possible by Flywheel New Ventures 2018, LLC (Sponsor), which is a membership based organization of local entrepreneurs in the Triad Region of North Carolina.

All members are active investors who select the competition winners and make subsequent investments.

The funds raised by this organization are for the purpose of funding the New Ventures Challenge, the Flywheel New Ventures Accelerator, and for investing in selected startups.

All investment decisions are made by majority vote and rely heavily on milestone achievement by the selected teams during and after the accelerator session.

Selected from the pool of applicants, up to eight teams will be deemed winners and be accepted into the Flywheel New Ventures Accelerator and awarded the following cash prizes as the first tranche of an average $50,000 investment per team:

$35,000 first prize

$15,000 second prize

$10,000 third prize

$5,000 for up to five runner-ups

Additional investments will be based on milestone achievement as teams progress through the accelerator.

Click to review our Standard Term Sheet

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