The application to compete in the Texas Venture Labs Investment Competition (TVLIC) is now open. TVLIC is designed to mimic the real-world process of raising venture capital. UT Austin graduate students can apply now and no later than April 20. Applying is easy – fill out the application form and submit an executive summary of your business (2 pages) with financial projections. For more information and a link to the application, go to http://bit.ly/TVLIC_info.
The Semifinals will be held on Friday, April 29, 2016 from 6 PM until 9 PM in the AT&T Center. The winners of each Semifinals division will compete in the Finals on Friday, May 6, 2016 from 9 AM until 12 PM in the AT&T Center. The first place prize includes $10,000, one year at Austin Technology Incubator (ATI), assistance in raising funds and the opportunity to join TVL in closing the Nasdaq in June. Second place prize is $5,000. There are also cash prizes for clean technology ventures and ventures with one or more U.S. military veteran founders.
The $5,000 Wells Fargo Clean Technology Award will be given to the best venture focused on clean technology solutions. This includes advancing technologies needed for the conventional oil and gas sector with an emphasis on water reuse and conservation as well as alternative energy space.
Contact infoVLIC@mccombs.utexas.edu with any questions or come to TVL Office Hours at One Twenty 5 Cafe in the AT&T Center at 1900 University Avenue on Wednesdays from 12:30 PM to 1:30 PM.