American Express Venture Challenge
American Express Venture Challenge is part of ASU’s Startup Funding Network, a suite of startup funding tracks that are defined and led by the University’s colleges and schools. The ASU Funding Network is designed to activate the New American University’s design aspiration of valuing entrepreneurship and providing entrepreneurial experiences to all ASU affiliates.
The American Express Venture Challenge, powered by the Ira A. Fulton Schools of Engineering, enables practicing entrepreneurs to win between $1,000 and $10,000 in seed grant funding, along with professional Venture Mentorship and additional startup support offerings.
The American Express Venture Challenge is open to all ASU-affiliated entrepreneurs who aim to prove or disprove that there is valid demand for a prototyped solution (product or service) beyond an initial beneficiary or customer. Organized by Entrepreneurship + Innovation @ Fulton Schools, this bi-annual competition aims to strategically develop early-stage technology ventures that may be well suited to compete for and win other ASU, local, national, and global entrepreneurship competitions. The American Express Venture Challenge also helps all supported ventures to develop repeatable and scalable business models, regardless of follow-on funding or support opportunities.
About American Express
The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its charge card, credit card, and traveler’s cheque businesses.
How it Works
The American Express Venture Challenge features several highly competitive phases. First, competitors must apply to the ASU Venture Devils program. Venture Devils applications are accepted and processed five times per year, coinciding with the Fall A+B, Spring A+B, and Summer C session start dates.
Applications must be submitted exactly one week before classes begin for any given Fall A+B, Spring A+B, and Summer C session in which you aim to participate. This application deadline cycle is essential to ensure that we are able to review your application information and match you with an appropriate Venture Mentor and Funding Network track prior to the start of the session. See the ASU Academic Calendar for future Fall A+B, Spring A+B, and Summer C start dates and be sure to apply at least one week prior.
Next, once your startup joins the ASU Venture Devils family, you will be invited to participate in our bi-annual Pitch Playoff and Demo Day events. During the Pitch Playoffs each October and March, several volunteer evaluator panels will determine which ASU-affiliated startups are worthy of an array of available seed grants, ranging between $1,000 and $100,000 in value.
Finally, during the Demo Day events each December and April, an American Express Venture Challenge judging panel will determine which ASU-affiliated technology startups are worthy of seed grants ranging between $1,000 and $10,000 in value.