Launch a Startup
The Texas Venture Labs Investment Competition (TVLIC) mimics the real-world process of raising venture capital. Graduate students from the University of Texas System present their ideas for new businesses and receive invaluable feedback from entrepreneurs and investors. Many TVLIC competitors go on to launch their businesses and countless others leverage the experience in their careers as leaders in their fields.
The Spring 2021 TVLIC included 15 of the top graduate student startup companies competing in three divisions. After narrowing the field to three division winners, the finals kicked off with some fantastic pitches. The winning team was NiSOC.
The United States Government is actively searching for less expensive and more reliable solutions to its current radiation detection capability at US ports of entry. NiSOC has secured SBIR funding from the DoD for its innovative ( patented) solution based on a semiconductor platform. NiSOC successfully demonstrated its proof of principle in Phase I. Using funding from Phase II, NiSOC successfully demonstrated a working prototype semiconductor chip.
NiSOC also received the James D. Pippin Veteran Award given to the most promising startup in TVLIC with one or more veteran co-founders. Congrats to this team for taking home this exceptional award along with the Texas Champion grand prize!
The Texas Superstar Award went to Bold Move Beverages in second place and the Texas Rising Star went to Root Medical Translation in third place, who also won the ScaleHealth Innovation Award. The E. Craig Nemec Elevator Challenge Award is given to the best elevator pitches delivered by TVLIC competitors. The three winners of this wonderful quick-pitch component were NiSOC, Root Medical Translation and GRIT Chew.
The Fall 2021 TVLIC will be held on Friday, December 3, 2021. We can’t wait to continue this tradition of excellence then!
Join a Startup
Gain real-world experience and course credit working for startups in the TVL Practicum class. All majors are welcome with a good many from the MBA, law, engineering, pharmacy, and natural sciences programs.
Graduate students enroll in the TVL Practicum to experience the startup reality. They solve meaningful cross-disciplinary problems and learn to apply academic principles in the real world. They build valuable job skills and strengthen their resumes with proven experience. Not to mention the ability to network with top-tier startups, founders and investors and possibly find a job, raise funding or identify team members.
The TVL Practicum offers students the chance to participate in semester-long consulting projects solving important problems alongside the company’s founders. If admitted to the program, students will work closely with two startup companies on: market validation, competitive analysis, financial analysis, and business model assessment. Practicum students also receive extensive funding guidance from professors and entrepreneurs.
Applications for the Texas Venture Labs Practicum Spring 2022 are open. UT Austin graduate students with a taste for entrepreneurship should apply.
Questions? Contact us at infoTVL@mccombs.utexas.edu.