Texas Venture Labs - McCombs School of Business

Texas Venture Labs McCombs School of Business The University of Texas at Austin Company Information Session 5/15/2014

Mission

1. Accelerate UT and Local Startups • • •

Help raise capital Bring products to market Develop a growth strategy

2. Transform UT Graduate Students •

Create and inspire future entrepreneurs and business leaders

3. Create a Community

What is Texas Venture Labs? Texas Venture Labs

Texas Venture Labs Practicum

Accenture Venture Partner Program

New Venture Creation (NVC)

Venture Labs Investment Competition

TVL Scholarship Program

Texas Venture Labs Practicum

What is the Texas Venture Labs Practicum?

Course

Accelerator

• Focus on entrepreneurship • Students learn from top professors • Work with local entrepreneurs • Gain skills to help with projects for startups

• Startups partnered with with graduate students from across campus (MBA, Pharmacy, CNS, Engineering and Law) • Create, supervise consulting projects based on real company challenges • Students gain experience and apply your knowledge outside the classroom

Organization • Get to know entrepreneurialminded students from multiple degree programs • Experience Austin entrepreneurial resources and events

How does it work?

Present startup to students of first day of class

Assigned a crossfunctional team (typically 2 MBA, 1 Law, 2 Technical) of graduate students

Meet regularly with students to complete consulting projects (receive ~500 hours of grad student work total).

Receive final deliverables from team

Pitch startup at Venture Expo, an exclusive event for "Investor Ready" ventures

Company Stages Early Stage • Usually pre-revenue • Typically