INSEAD the business school for the world

36th IVC 2018               

Team Qualifications:

  • The competition is open to current INSEAD MBAs, EMBAs (GEMBA and or/TIEMBA) and MFin.
  • Involvement of team members from outside INSEAD is allowed. However the bulk of the work of developing the venture plan and pitching the venture must be done by the team members belonging to the INSEAD MBA, EMBAs (GEMBA/TIEMBA) AND MFin Class. Members who are from outside INSEAD and INSEAD alumni may help answer questions after the presentation during the semi-finals and finals BUT may not present.
  • Teams may have a maximum of 6 members. Each person can only participate in the submission of ONE ENTRY to the IVC. Being a team member in multiple entries is not allowed.
  • Teams may add or drop members up to but not after the submission of the final venture plan for the semifinals.
  • Teams are responsible for checking that they meet all conditions before submission of their entry.

Venture Requirements:

  • The IVC is restricted to new ventures. New ventures are defined as those that:
    • Were incorporated no earlier than 26 February 2017.  No exception is allowed.
    • Have not yet received any funding/investment in exchange for equity/ownership from outside the founding team, friends and family (this includes all forms of convertible investment instruments)
    • May have qualified for grants, but the grant cannot be tied to equity or ownership or voting rights of any kind.
  • Teams or team members may compete with a venture which did not win a prize in a previous IVC.
  • There are no restrictions regarding business sector other than the business activities must be legal. Social-oriented ventures are admissible and encouraged.
  • The venture is being evaluated for all round viability of the venture opportunity, planning and team - more than just the written plan.
  • The winning team members must be founders on the entity's founding documents. If a member is no longer involved, or if the name of the incorporated company is different from the name of the IVC awardee, written approval from all IVC team members must be submitted at the time of claiming the award money.
  • Teams are also responsible for agreements between team members ownership rights and engagements before, during and after the IVC.

To qualify for any of the prize monies/awards:

  • Be designated the prize/award winner by the IVC judging panel.
  • Be a company that is legally incorporated (anywhere in the world) with a bank account in the name of the company. The invoice to INSEAD for the winnings will need to be sent by the winning company with wiring instructions for the company's bank account.
  • Prize money will be deposited in the bank account of the winning venture.
  • New ventures must be incorporated within six months after the competition finals. For the 36th IVC winners, it will be before 6 December 2018. After this date, prizes and awards will be forfeited and may be redistributed at the sole discretion of the organizers. Prize money will not be disbursed to individual team members.


  • IP protection and decision about disclosure - IVC participants are responsible for any information which they share as part of the competition. The INSEAD Centre for Entrepreneurship (ICE) takes no responsibility for unwanted or unintended disclosure of protectable ideas or content shared by the participants or teams. It is advisable for participants to seek their own legal counsel if they have any questions regarding the protection of their ideas or content.

Disclaimer: Entries to the competition must agree to make their venture summaries and plans available to be used at INSEAD for pedagogical purposes. Videos of the Final presentations may be posted online.

Note: The Executive Committee of the INSEAD Centre for Entrepreneurship reserves the right to update these rules at any time. Any modifications will be made known to the participants before the commencement of each INSEAD Venture Competition (IVC); however, it is ultimately the responsibility of the participants to stay current with the IVC Eligibility Terms and Rules.