Transcript What is Texas Venture Labs? - McCombs School of Business

Texas Venture Labs Scholarship Competition
TVL Scholarship
Courtney Leffall – MBA Class of 2015
Class of 2016 Winners
Justin Key
Insight
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Jon Sherr
Austin’s Entrepreneurial Scene
Austin’s Entrepreneurial Scene
Networking
Organizations
Accelerators &
Incubators
Investors
Venture Capital
Notable Austin Startups
Entrepreneurship @ McCombs
Entrepreneurship @ McCombs
Lecture-Based Entrepreneurship
Classes
- Intro to Entrepreneurship
(Graebner)
- Opportunity Identification
(Doggett)
- Entrepreneurial Growth (Doggett)
- Law for Entrepreneurs (Meakin)
- High Tech Marketing (Williams)
- Front Idea to IP (Cox)
- Leading Innovation and Change
(Martins)
Entrepreneurship Skills
-
-
Innovation in Global Companies
(Jarvenpaa)
Marketing Metrics (Srinivasan)
Small Business Finance (TBD)
Pricing and Channels (Mackie)
Data Mining for Business
Intelligence
Integrated Marketing
Communications
Entrepreneurship @ McCombs
Experiential Entrepreneurship Classes
- New Venture Creation I & II
- Texas Venture Labs Practicum
- Venture Fellows
Outside of McCombs
- Social Entrepreneurship (LBJ)
- Tech Commercialization (ME/BME)
- Enterprise of Technology (ME)
- 1-Semester Start-up (ECE)
What is Texas Venture Labs?
Texas Venture Labs
Texas
Venture
Labs
Practicum
(Fellows)
Venture
Partner
Program
New
Venture
Creation
(NVC)
Venture
Labs
Investment
Competition
TVL
Scholarship
Program
Encourage
entrepreneurial
individuals who
may not
otherwise pursue
their MBA to do
so at a top 10
entrepreneurship
program.
Goal
Help students
with
entrepreneurial
aspirations earn
their MBA at
McCombs while
continuing to
reach for their
goals.
Goal
Goal
TVL Scholarship Goals
Provide financial
help to
entrepreneurial
students to
encourage
continuation of
their chosen
career path postgraduation.
Eligibility
 Requirements are the same as the
McCombs full-time MBA program
 Program acceptance is not required
prior to applying for or competing in
the competition
 Ineligible groups include:
 Current McCombs students (all
programs)
 Students who have already earned
a U.S. MBA degree
 Student already enrolled in another
U.S. MBA program
Final Notes
Business can be
in idea stage or
already up and
running
16 Semi-Finalists
8 Finalists
2 Winners
TVL Scholarship
Scholarship includes:
 $10K/year scholarship
 In-state tuition (savings of $15K/year)
 Continued support from Texas Venture Labs
throughout company development
And…the following potential opportunities:
 Admittance of company to TVL Accelerator
after graduation
 Consideration for post-grad position as
Venture Partner
TVL Scholarship Requirements
1.
2.
3.
4.
Resume
Statement of Interest (no more than 500 words)
Information Sheet
60 to 90-Second Video Pitch (you must be
included)
5. Business Executive Summary (2 pages)
Visit http://bit.ly/TVLscholarship
Executive Summary and Video
 Executive Summary and Video should include:




Market problem being addressed
Solution to the market problem
Competitive differentiation
Business model (how will it make money?)
 Optional inclusions:
 Management team
 IP status
 Financing information
Include quantitative
support for all major
assertions
Statement of Interest
 Statement of Interest
should include:
 Why you are a good
candidate for the
scholarship
 How it fits with your
short-term and longterm goals
 How the scholarship and
MBA program will help
you achieve those goals
Additional FAQs
 Does startup need to be in a certain stage?
No, it can be already on the market or an idea
on a napkin
 Do I need a demo or prototype? No, but if
you have mock-ups, prototypes or videos to
reinforce your points you are welcome to use
them
 What kind of business should it be? Any type
is acceptable as long as you can demonstrate
a market need
Important Dates
Important Dates
October 1, 2014
Application opens
October 15, 2014
12:30-1:30p.m. Introductory webinar http://bit.ly/ScholWebinar
January 15, 2015
Application closes
January 20, 2015
Semi-finalists announced
February 19, 2015
Info session and class visits hosted by
Admissions
February 20, 2015
Semi-finals / finals
Questions?
tvl.utexas.edu
[email protected]