The Morgenthaler-Pavey Startup Competition is designed to find and support high-potential startup companies coming out of Case Western Reserve University (CWRU), while simultaneously training students to evaluate and ultimately invest in these types of ventures.
To fulfill this goal, the competition takes the novel approach of placing students on both sides of the financing process. Students will hone their venture capital skills by conducting due diligence on the competing startups, led by CWRU's A. Malachi Mixon III Professor of Entrepreneurial Studies Scott Shane.
Meanwhile, founding teams with at least one current or recent CWRU alumni (graduates within the last five years) can apply for the chance to be one of six finalists who will compete for up to $25,000 in funding and valuable entrepreneurial assistance from JumpStart Inc. to help grow their venture.
The competition honors the memory of David Morgenthaler, a titan of the American venture capital industry who was president, chairman or director of more than 30 companies and was among the earliest venture capitalists to back legendary tech startups such as Apple and Nextel.
The competition is backed by CWRU; Bob Pavey, managing partner of Pavey Investments and partner emeritus at Cleveland-based Morgenthaler Ventures; JumpStart Inc., a nationally recognized Cleveland nonprofit that supports and invests in Ohio-based tech startups; and the Morgenthaler Family Charitable Foundation.