Transcript Slide 1
2015 Texas VLIC bit.ly/tvl_tvlic Important Dates: November 3 December 12 January 26 February 4 February 5 Intent to Compete opens Intent to Compete due Executive summary and business plan due Semifinals (6 PM – 9 PM) Finals (6 PM – 9 PM) 2015 Texas VLIC bit.ly/tvl_tvlic What is the Texas VLIC? • The University of Texas at Austin’s new venture investment competition for graduate students. • Mimics the real world process of raising venture capital. • Judges are investors, experienced entrepreneurs and industry experts. 2015 Texas VLIC bit.ly/tvl_tvlic Who is eligible? • University of Texas at Austin graduate students from any department • Graduate students played a major role in conceiving the venture by having key management roles and owning significant equity in the venture. • Significant equity is defined as 50% or more of the equity allocated to the management team and key advisors. 2015 Texas VLIC bit.ly/tvl_tvlic RideScout Student Veteran Award • Separate cash prize award for teams with veterans •To be eligible, teams must contain one or more U.S. military veteran co-founders. •Texas Venture Labs and its veteran advisory team will make the final determination regarding a team’s eligibility for the award. •Award will be allocated to the highest ranking eligible team 2015 Texas VLIC bit.ly/tvl_tvlic Submission requirements: •STEP 1- Intent to compete • Team, company info. • Due Friday Dec. 12, 5:00 pm • STEP 2- Company materials • 2-page executive summary • 10-page business plan (no more than 6 additional appendix pages may be included) •Due Monday Jan. 26, 5:00 pm 2015 Texas VLIC bit.ly/tvl_tvlic Presentation guidelines: • 30 minutes total time with judges interrupting at any time with questions. • Each graduate student team member must participate in the presentation. • Open to the public. 2015 Texas VLIC bit.ly/tvl_tvlic How are the teams judged? • Investor-ready judging rubric • Which teams have the best chance of receiving new venture funding. • Each judge is looking to identify the company in which they would invest their own money. 2015 Texas VLIC bit.ly/tvl_tvlic Awards available: • RideScout Student Veteran Award - $ 2,000 cash • Third Place - $2,000 cash • Second Place - $3,000 cash • First Place - $5,000 cash •ATI Launch Package. • Automatic berth into the 2015 Global VLIC (May 7-9) with over $100,000 in awards. 2015 Texas VLIC bit.ly/tvl_tvlic Additional Information: • Texas Venture Labs Office Hours • One Twenty 5 Café in AT&T Executive Center • Wednesdays 12:30 PM - 1:30 PM • Thursdays 2:00 PM - 3:00 PM • See the TVLIC Rules document at vlic.utexas.edu 2015 Texas VLIC bit.ly/tvl_tvlic Important Dates: November 3 December 12 January 26 February 4 February 5 Intent to Compete opens Intent to Compete due Executive summary and business plan due Semifinals (6 PM – 9 PM) Finals (6 PM – 9 PM)