The Joust New Venture Competition, hosted by the University of Central Florida, was established to empower student entrepreneurs by providing them with the necessary tools and mentorship to launch their businesses. The competition connects students with community leaders and offers a platform for showcasing their entrepreneurial efforts. The core mission is to foster innovation and entrepreneurship among students, helping them transform their ideas into viable business ventures.

Notable affiliated people include community leaders and successful entrepreneurs who serve as mentors and judges, providing invaluable guidance and feedback. The competition has seen numerous student-led startups gain traction and secure funding, demonstrating its significant impact on the entrepreneurial ecosystem within the university. Through this initiative, many students have successfully transitioned their ideas from concept to market-ready businesses, contributing to the local economy and fostering a culture of innovation on campus.