2015 texas vlic important dates: november 3intent to compete opens december 12 intent to compete due...
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2015 Texas VLIC 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. bit.ly/tvl_tvlicTRANSCRIPT
2015 Texas VLIC
Important Dates:November 3 Intent to Compete opensDecember 12 Intent to Compete dueJanuary 26 Executive summary and business plan dueFebruary 4 Semifinals (6 PM – 9 PM)February 5 Finals (6 PM – 9 PM)
bit.ly/tvl_tvlic
2015 Texas VLIC
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.
bit.ly/tvl_tvlic
2015 Texas VLIC
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.
bit.ly/tvl_tvlic
2015 Texas VLIC
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
bit.ly/tvl_tvlic
2015 Texas VLIC
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
bit.ly/tvl_tvlic
2015 Texas VLIC
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.
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2015 Texas VLIC
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.
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2015 Texas VLIC
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.
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2015 Texas VLIC
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
bit.ly/tvl_tvlic
2015 Texas VLIC
Important Dates:November 3 Intent to Compete opensDecember 12 Intent to Compete dueJanuary 26 Executive summary and business plan dueFebruary 4 Semifinals (6 PM – 9 PM)February 5 Finals (6 PM – 9 PM)
bit.ly/tvl_tvlic