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2015 Texas VLIC Important Dates: November 3Intent to Compete opens December 12 Intent to Compete due January 26 Executive summary and business plan due February 4 Semifinals (6 PM – 9 PM) February 5Finals (6 PM – 9 PM) bit.ly/tvl_tvlic
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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
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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_tvlic
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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
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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
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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. bit.ly/tvl_tvlic
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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. bit.ly/tvl_tvlic
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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. bit.ly/tvl_tvlic
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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
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2015 Texas VLIC Important Dates: November 3Intent to Compete opens December 12 Intent to Compete due January 26 Executive summary and business plan due February 4 Semifinals (6 PM – 9 PM) February 5 Finals (6 PM – 9 PM) bit.ly/tvl_tvlic
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