NVBC connected us with a group of mentors who continue to support us today and the competition process made us think critically about our business (with deadlines). Participating in the NVBC competition was truly a turning point for our company.
It may sound cliché but, for us, the BCIC New Ventures Competition really was about the process, not the prizes. The real value I obtained was the insightful feedback on our business plan from our team of very smart, very experienced mentors and the judging panel.
The services have been amazing. We’ve received invaluable accounting and legal support. As far as the cash is concerned, we’ve invested it in launching our first commercial product. The prize money allowed us to accelerate our hiring plans and to grow our amazingly talented team.
Through each stage of the competition we learned from industry leaders on everything from fundraising to execution strategy. On behalf of our entire team I would like to sincerely thank NVBC for giving our business the best “kick start” possible.
We were able to refine our business plan and receive feedback from a fantastic mentor panel. I highly encourage start-ups to participate!