Wells Fargo Provides Grant to University of Texas for Clean Energy Business Ventures
Dec. 5, 2011 — As part of its national environmental grant program, Wells Fargo today announced that it has provided a $125,000 grant to the McCombs School of Business at The University of Texas at Austin that will fund a new Clean Energy track within the 2012 Global Venture Labs Investment Competition (GVLIC).
Graduate students from universities around the globe come to The University of Texas at Austin each May to present their business plans at The Global Venture Labs Investment Competition. From among myriad offerings, panels of investors select the best new-venture opportunity. With aspiring entrepreneurs soliciting start-up funds from experienced investors, the competition simulates the real-world process of raising venture capital.
Competing for the new Clean Energy Prize sponsored by Wells Fargo (along with the overall Global Championship) at the GVLIC will be start-ups focused on improving energy efficiency, innovating energy delivery and offering energy from alternative fuels, for both residential and commercial energy sectors. Read the complete story.
TNG Pharmaceuticals Wins 2011 Global Venture Labs Investment Competition
TNG Pharmaceuticals, a team from the University of Louisville that developed a vaccine to prevent negative effects to cattle from the horn fly, won the 2011 Global Venture Labs Investment Competition (Global VLIC). As global champion, TNG Pharmaceuticals received a prize package worth $135,000 and the opportunity to close the NASDAQ OMX Stock Market on June 3 . TNG was also recognized for having the outstanding written business plan and presentation in its opening round division. Read more about the winner.
Thirty-eight teams from 12 countries competed this year. Read about all the 2011 teams. For information on where some of the previous competitors are today,click here.
Moot Corp Hall of Honor Awards Presented to Three Entrepreneurship Innovators
On May 7, 2011, the first Moot Corp Hall of Honor awards were presented to three individuals for their roles in the growth and development of the Moot Corp Competition, the first business plan competition. Now in its 28th year, it is the premier global new venture competition today.
The honorees were Gary Cadenhead, Director of the Master of Science in Technology Commercialization Program at the University of Texas at Austin; Fred Kiesner, Professor of Management and Entrepreneurship at Loyola Marymount University, and Charles Hofer, Regents Professor of Strategy and Entrepreneurship at Kennesaw State University. Read the complete story.
Cattle Vaccine, Chip Verification Software Take Top Prizes At 2011 Moot Corp. Competition
TNG Pharmaceuticals, developers of a vaccine to keep cattle free of blood-sucking horn flies, took top prize at the “Moot Corp.” business competition this weekend.
Formally renamed the Venture Labs Investment Competition(VLIC) in 2010, but still widely referred to as “Moot Corp.,” the annual event began in 1984 at the McCombs School of Business at the University of Texas, Austin. At Moot, TNG Pharmaceuticals won a prize package including: $25,000 in cash; a range of free and discounted consulting and business services, and a full-page ad in Inc. magazine. The total value of the prize package, according to a McCombs spokesman is around $135,000. Read the Tech Crunch story.
'Super Bowl' of investing ensues in Austin
If you want to remember why you got into business, then spend some time at the Global Venture Labs Investment Competition.
The University of Texas'student business competition — so-called Super Bowl of Investment Competition and formerly known as Moot Corp — is full of bright minds, energetic pitches and investment-ready ideas. The global competition represents the top winners of business competitions around the world. Read the complete Austin Business Journal story.
Writing a Business Plan? Better Talk to This Guy First
The Texas Venture Labs Investment Competition is one of the nation's best. Rob Adams, the competition's director and a member of our Board of Directors, shares lessons learned from this year's installment -- and a career spent catching companies on the rise. Read the AOL Small Business story.