The 2022 New Venture Contest (NVC)
The 2022 New Venture Contest ran from December 15, 2021 to April 23, 2022. A total of 71 submissions were received and rated by a panel of 40 judges from across the world. The final round was held on May 13 at the University of Engineering and Technology, Lahore, where the top three proposals competed for the following awards: Prizes in the form of no-interest loans were awarded to the top three teams as follows:
1st Place – $10,000
2nd Place – $5,000
3rd Place – $2,000
Dr. Amjad Saqib of Akhuwat was the chief guest at the presentation ceremony. All prize monies were in the form of returnable interest-free loans to be paid in installments. The recipients would also receive free mentorship from business leaders from around the world.
Schedule of the 2022 Competition
- Nov 15, 2021 - Competition Launch and registration
- Jan 15, 2022 – Executive summary submission for the qualifying round
- Jan 16 to Feb 12, 2022 – Qualifying round
- Feb 15, 2022 – Participants for semi-finals announced
- Feb 16 to Mar 12, 2022 – Submission of detailed proposals for the semi-final round
- Mar 13 to April 26, 2022 – Interviews and presentations for the semifinalists
- April 30, 2022 – Participants for the finals announced
- Apr 3 to May 3, 2022 - Ramadan
- May 14, 2022 – Finals held at the UET and awards ceremony