Texas Venture Labs Investment Competition Helps Students Get Investor Ready
AUSTIN, Texas — Registration for the 2016 Texas Venture Labs Investment Competition (TVLIC) is now open to all graduate students at The University of Texas at Austin.
TVLIC helps students showcase their investor ready ideas by inserting them into a business plan competition designed to mimic the real-world process of raising venture capital. Graduate students pitch their business ideas to a panel of judges consisting of entrepreneurs and investors who then provide invaluable feedback.
To apply students must submit all application materials by midnight on April 20. The TVLIC semi-finals will take place Fri., April 29 at which time the Jon Brumley Texas Venture Labs will announce the teams that advance to the finals on Fri., May 6.
The top teams of the competition will receive more than $25,000 in cash prizes. In addition to cash, the first place team will receive an Austin Technology Incubator Launch Package, a spot in the TVL Accelerator upon graduation, consulting time with the directors of TVL, and an opportunity to join TVL in New York City to close the Nasdaq Stock Market.
“TVLIC is a great launch point for graduate students to get their business ideas out in front of investors and successful entrepreneurs from a variety of industries,” said Harlan Beverly, assistant director of Texas Venture Labs. “I’ve seen many students benefit from exposure to the process of raising funding and access to advice from successful entrepreneurs that have been down the same path, that ultimately leads them to launch their company.”
TVLIC has helped launch companies such as uShip, Ordoro, Dish Society, Bigfoot Networks, and many others. The most recent example is BeatBox Beverages, founded by Texas MBA students whom secured a $1 million investment from entrepreneur Mark Cuban during an episode of ABC’s “Shark Tank.”
“It’s not just the competition experience that students benefit from,” said Beverly. “It is the doors that are opened to them after participating.”