Baylor’s Baugh Center for Entrepreneurship and Free Enterprise Announces Top 50 Teams for the 2023 New Venture Competition

December 14, 2022

Media Contact: Kelly Craine, Baylor University Media and Public Relations, 254-297-9065
Follow us on Twitter: @BaylorUMedia

WACO, Texas (Dec. 14, 2022) – Baylor University’s  nationally ranked Hankamer School of Business and John F. Baugh Center for Entrepreneurship and Free Enterprise have announced the Top 50 teams for the 12th annual New Venture Competition, a business plan and elevator pitch competition that showcases collegiate student created, managed and led ventures.

The competition provides participants with personal and professional development through industry-specific mentorship towards sustainable business plans, exclusive access to accomplished experts and fellow innovators and a chance to compete for over $200,000 in cash prizes and vital resources.

Since its inception, more than 600 student entrepreneurs world-wide have applied to compete in the competition, with nearly $1 million in cash and prizes awarded to these collegiate entrepreneurs. Several BNVC finalists have had additional successes beyond the competition. Most notably, Orai (2018 second-place winner) and Nanodropper (2019 top-10 finalist) were both named to the 2021 Forbes 30 Under 30.

Having passed the first round with a two-page executive summary, the Top 50 teams will submit a 10-page business plan. On March 24-25, 2023, the Top 10 teams from Round 2 will come to the Baylor campus in Waco to participate in feedback sessions and compete for the $50,000 Grand Prize. Prior to the finals, each finalist team will be paired with an experienced mentor and given opportunities for pitch coaching. At the awards banquet, the audience chooses the winners from a two-round elevation pitch competition.

“We are thankful that we are able to provide constant feedback and mentorship to the student teams,”  said Priscilla James, M.B.A. ’18, program manager for the Baugh Center at Baylor. “We want to ensure that their experience with the competition grants them more insight than they had before.”

2023 NEW VENTURE COMPETITION TOP 50 (in alphabetical order)

  • Baylor University
    • Trip Tour
  • Brigham Young University
    • The Light Belt
  • Brown University
    • AtomICs
  • Johns Hopkins University
    • MagGenix
  • Kettering University
    • Refreshed
  • Lehigh University
    • Dot
  • Michigan State University
    • Reel Free
  • Michigan State University
    • Branching Out
  • Northeastern University
    • SOAR
  • Northern Kentucky University
    • Smoove Creations
  • Princeton University
    • Berry
  • Purdue University
    • Quasi Ventures Inc.
  • San Diego State University
    • Shezza
  • Stanford University
    • Short Answer
  • Texas A&M University
    • SafeStreets
  • Trinity University
    • Range Rehab LLC
  • The Ohio State University
    • ServUS
  • University of Alberta
    • TalkMaze
  • University of Arkansas
    • UNCL
  • University of Arkansas, Fayetteville
    • Pediatrica Therapeutics
  • University of California, San Diego
    • NanoMood
  • University of California, Irvine
    • MedMxr
  • University of California, Los Angeles
    • Treatline
  • University of Houston
    • Eas-E Heal
  • University of Houston
    • NuBak
  • University of Minnesota - Twin Cities
    • Telo
  • University of Montana
    • Smart Dorm Co.
  • University of New Hampshire
    • HydroPhos Solutions
  • University of Notre Dame
    • Comma
  • University of Oklahoma
    • Luminous
  • University of Oregon
    • ChangeFinder
  • University of Pittsburgh
    • Korion Health
  • University of Pittsburgh
    • noVRel
  • University of Richmond
    • Absurd Snacks
  • University of Rochester
    • Photonect Interconnect Solutions
  • University of Southern California
    • OSEM
  • University of Southern California
    • Thumbo
  • University of Southern California
    • uConstruct
  • University of Texas at Austin
    • Paradigm Robotics
  • University of Texas at Austin
    • Pike Robotics
  • University of Virginia
    • FollowUp
  • University of Waterloo
    • Beam Commerce
  • Vanderbilt University
    • TuneHatch
  • Vanderbilt University
    • EZread
  • Walsh University
    • We Are The Ripple (WATR)
  • Washington University in St. Louis
    • ChiChi
  • West Chester University
    • Lectra Technologies LLC
  • Worcester Polytechnic Institute
    • CROI Inc.
  • Yale University
    • Atma Leather
  • Yale University
    • Floe Inc.


Baylor University is a private Christian University and a nationally ranked Research 1 institution. The University provides a vibrant campus community for more than 20,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship. Chartered in 1845 by the Republic of Texas through the efforts of Baptist pioneers, Baylor is the oldest continually operating University in Texas. Located in Waco, Baylor welcomes students from all 50 states and more than 90 countries to study a broad range of degrees among its 12 nationally recognized academic divisions.


Baylor University’s Hankamer School of Business strives to further God’s kingdom through the realm of business, using God-given gifts and academic talents to do so. Faculty and students conduct purposeful research and participate in experiential learning opportunities, all while operating in a Christ-centered mission. Undergraduate students can choose from 13 major areas of study. Graduate students can earn their MBA on their terms, either through the full-time, online or a Dallas-based executive program. The Business School also offers three Ph.D. programs in Information Systems, Entrepreneurship or Health Services Research. The School’s top-ranked programs make up approximately 25% of the University’s total enrollment. Visit for more information.