Centers | Texas Venture Labs
Below is a list of questions we often receive about the TVL Accelerator. If you have a question that is not answered, please email us.
- What companies are eligible to join TVL?
To apply, companies must have full-time management or management whose primary focus is their startup, be in the process of or have already completed development of a prototype or product and have completed basic market validation and research. In addition, companies that are actively seeking funding and those with some tie to the UT System are strongly preferred.
Additionally, we internally distinguish between seed stage companies who may have raised little or no outside funding, but are currently working on developing their basic business thesis and early stage companies who may have already raised several million dollars. Both groups of companies are extremely interesting to accept companies from each group in equal numbers.
Finally, if you are currently a student, we are unable to work with your company through our accelerator and instead suggest that you enroll in New Venture Creation, a course taught by TVL Director Rob Adams.
- How does the student consulting relationship work?
Texas Venture Labs works with seed and early stage startups to answer important questions and resolve challenging problems. Each company will be paired with a team of between four and six graduate students drawn from McCombs, the Cockrell School of Engineering, the College of Natural Sciences and the School of Law. Each team will be led by between one to two Principals, students who have been in TVL for more than one semester. In addition, each team will also be supported by one of our Accenture Venture Partners, former Principals who have completed their graduate program and are now full-time TVL employees.
While the types of problems facing each business certainly vary, we have focus on the following five areas: market validation, competitive analysis, business model assessment, financial analysis and funding guidance. Examples of past projects include sizing the international and domestic market for a specialty chemical and developing a go-to-market strategy based on market size and competitive factors as well as modeling the customer acquisition cost for a CPG company across several channels and using that to both create a distribution strategy and develop a financial model that was used in fund raising.
- Where can I learn more about your program?
We host office hours
with the current group of Accenture Venture Partners leading up to each application cycle. Office hours are held at Cafe One Twenty Five from 11:00am - 12:30pm in the AT&T Executive Education and Conference Center on the Second Friday of every month. If you're unable to attend and have questions please email us
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