New Venture Creation (NVC) is a unique course being offered at BITS, Pilani University that enables students to graduate as job givers than job takers. The purpose of this course is not to teach entrepreneurship but to create entrepreneurs. The course enables the student start ups, mostly technology based, to grow by providing the building blocks for creating an enterprise using the lean start up method. By providing students with the tools to take their ideas to the market this one semester course is able to convert more than 10% of the ideas to real start ups.

The course collaborates with large number of BITSian entrepreneurs as well as several non-BITSian entrepreneurs and investors for lecture and mentorship. It is their selfless support that forms the key to the success of this course. Prof. Mridula Goel is the Faculty in charge of the course.

In order to create a successful startup, student teams are required to address various issues in startup creation: market research, competitor analysis, customer development, technology viability, product development, marketing & sales strategy, team formation, legal compliance and fund raising. Interactive sessions with entrepreneurs across the globe are supplemented with faculty facilitated hands-on workshop and feedback sessions to create deliverables like elevator pitch, business model canvas and minimum viable product. Offered through the special Tele-presence Classroom facility connecting all BITS, Pilani Campuses the sessions are able to connect virtually with speakers across the globe.

Each team is assigned an experienced entrepreneur as mentor who guides them through the semester and beyond. The teams compete with each other and the top teams are awarded seed fund to pursue the business idea for incubation after the completion of the course and eventually to launch the business.
​Some of the Startups that are doing well in the market are: