Not a pitch contest! At its core, VCIC is an educational event for students, but it happens to have tangible benefits for founders, too. Student VC teams are competing to be the best VC firm. (Note: half of the schools participating have student-run funds.) Real startups (you) pitch to to the teams, who perform in-depth due diligence, including interviewing the founders. Teams must choose one startup and propose a mock term sheet. Real investors are there to judge which student team would make the best VC firm and to provide feedback and connections for the founders.
A competition within the competition. Three startups will be chosen as finalists for each region. The student teams will perform due diligence on all three and propose a mock term sheet for one. The startup that gets the most term sheets will be crowned the “Most VC-Backbable” of the region and will receive an invitation to the VCIC Global Finals.