Centers | Texas Venture Labs

Competitors

Team Information

We are very pleased that you will be participating in the 2012 Global Venture Labs Investment Competition on May 2 - 5, 2012 in Austin, Texas. Now in its 29th year, the the Global Venture Labs Investment Competition (formerly Moot Corp) was the first business plan competition when it began in 1984. It has been dubbed “the Super Bowl of world business plan competition.”

This year’s VLIC includes a new Clean Energy Prize sponsored by Wells Fargo where the track winner will receive a $10,000 cash prize. Startups competing in this space are focused on improving energy efficiency, innovating energy delivery and offering energy from alternative fuels for both residential and commercial energy sectors.

In addition to the competition, participants are highly encouraged to attend Venture Expo, a showcase of entrepreneurs and startups from the UT ecosystem.

Team Registration and Documents
Register your team online by March 31. If you are an invited team, your faculty adviser or coordinator will be sent the registration link.

You will also need to complete the Hotel Reservation, Team Eligibility, Team Permission and Prize Money forms by April 1.

Competition Information
To assist in your preparation and planning, please review the following information:

1. Judge's Evaluation Form. The judges will complete Part I before the Competition, and will fill out Parts II and III after each team makes its presentation. After the Competition, the students will receive copies of the judges' evaluations of their company.

2. Official Rules. Please note: The business plan must be for a seed, start-up or early stage venture and must address the entire business concept (including implementation). Proposals for the buy-out or expansion of an existing company, tax-shelter opportunities, real estate syndications, subsidiaries and other consulting projects or analysis are not eligible. The judges will be looking for new ventures, not just a distribution play in the American market of a product already being sold in another market. The business should not have generated revenues prior to Sept. 1, 2011. Please review the attached rules to make certain your team qualifies.

3. Submission Guidelines. An electronic copy of your business plan and an one-page executive summary are due on or before April 15, 2012. Teams not meeting this deadline may be disqualified.

Plans should be submitted as a single, printable PDF file. Plans are limited to no more than 16 pages (not including a single cover page or single table of contents page). The 16 pages are limited to a maximum of ten pages of text and 6 pages of appendices.

Page format is 1½ inch line spacing with 1-inch top, bottom, left and right margins, 12 point font. This line spacing and font requirement applies to the textual content of the document and not to titles and descriptions accompanying pictures, graphs, tables or worksheets. All pages must be numbered excluding the cover page. The cover page must include venture name and university affiliation.

Financial data should include a cash flow statement, income statement, and balance sheet. Include an explanation of the offering to investors indicating how much money is required, how it will be used, and the proposed structure of the deal, i.e., stock, debentures, etc. The team is not required to reveal its desired deal, although the judges may ask questions about it. Also, delineate the possible exit strategies.

Appendices should be included only when they support the findings, statements and observations in the plan. Because of the number of teams in the Competition, judges may not be able to read all the material in the appendices. Therefore, the text portion of the plan (10 pages) must contain all pertinent information in a clear and concise manner.

Judges will use the three-part  Judge's Evaluation form. Part I (valued at 40%) is designed to help assess the written business plan focusing on key elements and the effectiveness of the summary financial data. Part II (20%) assesses the poise and professionalism of the presentation. Part III (40%) evaluates the perceived viability of the venture. This quantitative assessment is meant to complement, not replace, the qualitative evaluation of the judges in their determination of winners.

4. Permission and License Form.
5. Tentative schedule of 2012 Global VLIC activities.
6. Team Eligibility Form.
7. Prize Money Form.

Accommodations
Everyone will stay at the AT&T Executive Education and Conference Center, 1900 University Avenue, Austin, TX 78705, 512-404-1900, . Your institution will be responsible for travel expenses to and from Austin and lodging expenses. We have negotiated a special rate of $169 a night at the AT&T Center. Your hotel reservations must be made using our link on our website to get the group rate. The link will be posted soon. The deadline for room reservations is April 15.

Recording of Presentation
We are planning to record the Semifinals and Finals of the Competition.

Venture Showcase
On Thursday, May 3, each team will showcase its venture at a reception at the AT&T Center for the judges, sponsors, faculty and business leaders. You will be provided a 6-foot skirted table and sign for your display. You should staff the table and be prepared to answer questions. Teams may begin setting up at 5 p.m. The reception will run from 6 PM until 7:30 PM. Power may not be available at all tables. If you are using your laptop to demonstrate, please make sure your battery is fully charged.

Questions
If you have any questions or need further information on the Competition, please contact Ann Whitt at 512-232-6597 or Ann.Whitt@mccombs.utexas.edu.

For questions about hotel arrangements, please contact Sheri Gonzalez at 512-471-5287 or Sheri.Gonzalez@mccombs.utexas.edu.

We are looking forward to having you and your team in Austin and to a great educational experience.

Deadlines

April 1, 2012

  • Online team registration and team eligibility, hotel reservation and prize money forms due.
April 15, 2012

  • An electronic copy of your business plan and executive summary are required.  No hard copies are needed.
  • Upload your plan and executive summary to the guest link provided.
  • Last day to confirm hotel reservations at group rate.

May 2, 2012

  • Arrive in Austin in time for the welcoming reception at 6 p.m.

Logistics

This year’s VLIC includes a new Clean Energy Prize sponsored by Wells Fargo where the track winner will receive a $10,000 cash prize. Startups competing in this space are focused on improving energy efficiency, innovating energy delivery and offering energy from alternative fuels for both residential and commercial energy sectors.

In addition to the competition, participants are highly encouraged to attend Venture Expo, a showcase of entrepreneurs and startups from the UT ecosystem.

Now in its 29th year, the Venture Labs Investment Competition (formerly the Moot Corp Competition) was the first business plan competition when it began in 1984. Participation in VLIC offers graduate students the following opportunities:

  • To receive more than $100,000 in awards consisting of prizes and services,
  • To network with fellow graduate students from the best schools in the world,
  • To improve their business plans both from the preparation involved and from investors’ suggestions,
  •  To make contact with venture capitalists and other investors.

Lots of Expert Feedback

On Thursday, May 3, each team will participate in a Feedback Round.  In this Round, each team will have 15 minutes to make its presentation and then receive 15 minutes of feedback.  The goal of this session is to improve the focus and quality of the team’s presentation.

Teams in divisions of five each will make presentations in the Opening Round on Friday, May 4. Each team will have 30 minutes to present its proposal to the investors and respond to questions. The investors/judges will select a semifinalist and runner-up from each division. After the judges make their decision, they will give feedback to each team. The winners of each Opening Round Division will compete in the Semifinals on Saturday. The winners of each Semifinal Division will compete in the Finals Saturday afternoon.

The Money Round takes place on Saturday. All but the semifinalists from the Opening Round will compete in the E. Craig Nemec Achievement Challenges Saturday morning;  In the Challenges, each team will have 30 minutes to interact with a panel of judges who have only seen their executive summary. 

The Venture Showcase on Thursday, May 3 offers teams an incredible opportunity to pitch their ventures to business leaders and investors in a tradeshow style setting. The Texas Forum on Entrepreneurship Education will again be held in conjunction with the Global VLIC.  In the Forum, faculty advisers have the opportunity to share ideas with their colleagues.

Schedule

WEDNESDAY, MAY 2

Teams arrive in Austin

6:00 p.m. – 7:30 p.m. Welcoming Reception for Global VLIC Competitors and Faculty*

AT&T Executive Education and Conference Center ,
1900 University Avenue, Level M2, Courtyard
(Weather backup will be Level M3, Salon C )

THURSDAY, MAY 3

9:00 a.m. - noon  Feedback Rounds*

AT&T Executive Education and Conference Center
1900 University Avenue, Level M1, M3

10:00 a.m. – noon Competition Directors Meeting*

Level MZ, Carillon Restaurant, Private Dining Room 4

12:00 Noon Lunch on your own for participants

12:00 Noon – 1 p.m. Texas Forum on Entrepreneurship Education*

Session with lunch for Faculty Advisors only
Level LL, Carillon Restaurant, Private Dining Room 1 & 2

1:00 p.m. – 5:00 p.m. Texas Venture Labs Expo*

Level M2, Amphitheater Room 204

5:30 p.m. – 7:30 p.m.Venture Showcase* 

Level M3, Salons A,B,C

FRIDAY, MAY 4

8:30 a.m. - noon  Opening Rounds

AT&T Executive Education and Conference Center
1900 University Avenue, Level LL, M1

12:00 p.m. - 1:00 p.m. Lunch for Global VLIC Competitors and Faculty*

Level L, Tejas Conference Dining
Semifinalists Announced; Wells Fargo announces Clean Energy Finalists

1:00 p.m. – 3:00 p.m. Feedback From Judges

First Runners-up at 1:00 PM; Finalists next, then teams follow in Opening Round order every 20 minutes thereafter in the same room except for Division I, II and III
Division I moves to Room 110, Division II moves to Room 112 and Division III moves to Room 114

2:30 p.m. - 5:00 p.m. Wild Card Challenge

AT&T Executive Education and Conference Center
1900 University Avenue, Level M1

3:30 p.m. - 5 p.m. Wells Fargo Clean Energy Finals

AT&T Executive Education and Conference Center
1900 University Avenue, Level M1, Classroom 103

6:00 p.m. – 8:30 p.m. Reception* 

Scholtz Garten

MAY 5  - Money Rounds

9:00 a.m. - noon  Semifinals

AT&T Executive Education and Conference Center
1900 University Avenue, Level M2

9:30 a.m. - noon  E. Craig Nemec Achievement Challenges

AT&T Executive Education and Conference Center
1900 University Avenue, Level M1

12:00 Noon Lunch for Global VLIC Competitors and Faculty*

Level L, Tejas Conference Dining
Finalists announced

1:00 p.m. – 2:00 p.m. Finals teams’ media check in order of presentation every 15 minutes

Level M2, Amphitheater Room 204

2:30 p.m. - 6:00 p.m. Finals

AT&T Executive Education and Conference Center
1900 University Avenue, Level M2, Amphitheater Room 204

7:00 p.m. – 9:00 p.m. Awards Reception*

AT&T Executive Education and Conference Center, Level M3, Salon C

* Events for badgeholders only

Page last updated: 9/18/2013