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Students Take Advantage of Entrepreneurship Opportunities at McCombs
This past year, The University of Texas at Austin announced the launch of Texas Venture Labs, a campus-wide initiative to promote the rate of start-ups...
member story
Texas Venture Labs Investment Competition Semifinals - Solarvicta Team
This past year, The University of Texas at Austin announced the launch of Texas Venture Labs, a campus-wide initiative to promote the rate of start-ups on its campus, offering entrepreneurs an accelerated route in bringing their innovations to market. The creation of Texas Venture Labs underscores the school’s commitment to advancing entrepreneurship in the Texas MBA program and throughout campus.
Texas Venture Labs enables MBA students from all six Texas MBA programs and other Texas graduate students as well as faculty and researchers full access to critical resources for new venture creation by providing direct links to the entrepreneurial, business, technology and legal resources available both on campus and in the Texas entrepreneurial eco-system. Additionally, the program provides the mentoring, team-building, market and business plan validation, technology commercialization and domain knowledge that is needed to start and grow innovative ventures.
Texas Venture Labs hosted the first Venture Exposition on November 19, 2010. This was a day-long event including presentations on new ventures in development across campus, a key note speaker from Bazaarvoice and updates about the Texas Venture Labs program.
Texas Venture Labs is the home of the Venture Labs Investment Competition (formerly, the Moot Corp Competition), a world-wide graduate business school investment competition. MBAs from business schools around the globe come to The University of Texas at Austin each May to present their business plans to panels of investors. With a 27-year history, the Venture Labs Investment Competition is the oldest operating inter-business school new-venture competition and hosts teams from top-ranked MBA programs around the world. Texas Evening MBA students have had some victories with business ideas such as FocalPop, a web-based solution for finding quality stock photography, and Phurnace Software, which was bought by BMC Software in 2009 marking a significant accomplishment for the company. Full-time MBA students have also seen success as a team of students created uShip to take second place in the 2004 Texas Moot Corp Competition. Since its post-competition launch in 2004, uShip has seen great success with over $150 million of business transactions conducted through the company.
“I thought I was tied to climbing the corporate career ladder until I learned the building blocks of entrepreneurship in class and how the formation and fundraising process works. I didn’t think I would ever start a company because I just didn’t know how to do it. My MBA changed all of that.”
- Becky Parker, MBA 2009, Member of winning Focal Pop team from Texas Venture Labs Competition.
Historically, the McCombs School of Business has cultivated an entrepreneurship environment that has resulted in over $25 million raised over the past ten years by new ventures at the school. This amazing success includes eight companies that have raised a million-plus. This success was recognized by Entrepreneur Magazine when it ranked the McCombs School of Business a top ten business school for entrepreneurship in 2010. The creation of Venture Labs reinforces this entrepreneurially-focused environment and facilitates further development in this area.
Texas Venture Labs, led by Rob Adams, is housed in the first-class AT&T Executive Education and Conference Center. Adams is an active investor, author, consultant and on the faculty of the Management Department at the University of Texas at Austin’s McCombs School of Business, where he teaches in the MBA program and is the Director of the Venture Labs Investment Competition Program. In mid-2010, Texas Venture Labs announced that Randall Crowder would serve as the first Texas Venture Labs Fellow. Crowder is a graduate of the Texas MBA program, an entrepreneur, active investor, the executive director of the Central Texas Angel Network (CTAN) and a managing partner at TEXO Ventures.
"One of the great things about going to b-school at UT is the school really puts its money where its mouth is regarding entrepreneurship." - Morgan Brown, MBA 2012
Read more about Morgan Brown's experience with Texas Venture Labs through his MBA student blog.
For more information about the Venture Labs Investment Competition, go to: www.mootcorp.org.
For more information about Texas Venture Labs, go to: http://tvl.utexas.edu/.
This is member-submitted content.
BusinessBecause does not take responsibility for member-submitted content.
When publishing this story the member accepted responsibility for the content according to the User Generated Content policy in our T&Cs
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member story
Texas Venture Labs Investment Competition Semifinals - Solarvicta Team
This past year, The University of Texas at Austin announced the launch of Texas Venture Labs, a campus-wide initiative to promote the rate of start-ups on its campus, offering entrepreneurs an accelerated route in bringing their innovations to market. The creation of Texas Venture Labs underscores the school’s commitment to advancing entrepreneurship in the Texas MBA program and throughout campus.
Texas Venture Labs enables MBA students from all six Texas MBA programs and other Texas graduate students as well as faculty and researchers full access to critical resources for new venture creation by providing direct links to the entrepreneurial, business, technology and legal resources available both on campus and in the Texas entrepreneurial eco-system. Additionally, the program provides the mentoring, team-building, market and business plan validation, technology commercialization and domain knowledge that is needed to start and grow innovative ventures.
Texas Venture Labs hosted the first Venture Exposition on November 19, 2010. This was a day-long event including presentations on new ventures in development across campus, a key note speaker from Bazaarvoice and updates about the Texas Venture Labs program.
Texas Venture Labs is the home of the Venture Labs Investment Competition (formerly, the Moot Corp Competition), a world-wide graduate business school investment competition. MBAs from business schools around the globe come to The University of Texas at Austin each May to present their business plans to panels of investors. With a 27-year history, the Venture Labs Investment Competition is the oldest operating inter-business school new-venture competition and hosts teams from top-ranked MBA programs around the world. Texas Evening MBA students have had some victories with business ideas such as FocalPop, a web-based solution for finding quality stock photography, and Phurnace Software, which was bought by BMC Software in 2009 marking a significant accomplishment for the company. Full-time MBA students have also seen success as a team of students created uShip to take second place in the 2004 Texas Moot Corp Competition. Since its post-competition launch in 2004, uShip has seen great success with over $150 million of business transactions conducted through the company.
“I thought I was tied to climbing the corporate career ladder until I learned the building blocks of entrepreneurship in class and how the formation and fundraising process works. I didn’t think I would ever start a company because I just didn’t know how to do it. My MBA changed all of that.”
- Becky Parker, MBA 2009, Member of winning Focal Pop team from Texas Venture Labs Competition.
Historically, the McCombs School of Business has cultivated an entrepreneurship environment that has resulted in over $25 million raised over the past ten years by new ventures at the school. This amazing success includes eight companies that have raised a million-plus. This success was recognized by Entrepreneur Magazine when it ranked the McCombs School of Business a top ten business school for entrepreneurship in 2010. The creation of Venture Labs reinforces this entrepreneurially-focused environment and facilitates further development in this area.
Texas Venture Labs, led by Rob Adams, is housed in the first-class AT&T Executive Education and Conference Center. Adams is an active investor, author, consultant and on the faculty of the Management Department at the University of Texas at Austin’s McCombs School of Business, where he teaches in the MBA program and is the Director of the Venture Labs Investment Competition Program. In mid-2010, Texas Venture Labs announced that Randall Crowder would serve as the first Texas Venture Labs Fellow. Crowder is a graduate of the Texas MBA program, an entrepreneur, active investor, the executive director of the Central Texas Angel Network (CTAN) and a managing partner at TEXO Ventures.
"One of the great things about going to b-school at UT is the school really puts its money where its mouth is regarding entrepreneurship." - Morgan Brown, MBA 2012
Read more about Morgan Brown's experience with Texas Venture Labs through his MBA student blog.
For more information about the Venture Labs Investment Competition, go to: www.mootcorp.org.
For more information about Texas Venture Labs, go to: http://tvl.utexas.edu/.
This is member-submitted content.
BusinessBecause does not take responsibility for member-submitted content.
When publishing this story the member accepted responsibility for the content according to the User Generated Content policy in our T&Cs
Post new comment
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Suggestions:
Hi all,
I am considering applying for DL MBA at WBS. Can someone please suggest how I can get in touch with current DL students or alumni whom I could talk to and get their frank opinion of the programme.
from Alex Kouzmin
I am considering applying for DL MBA at WBS. Can someone please suggest how I can get in touch with current DL students or alumni whom I could talk to and get their frank opinion of the programme.
from Alex Kouzmin
Angela Zerda
James I encourage you to check out the Texas Venture Labs website at http://tvl.utexas.edu. They have examples of several success stories. For example, Phurnace Software won the Texas competition in 2006 and in 2009 they were acquired by BMC Software. The winner of the Global Texas Venture Labs Investment Competition (formerly known as Moot Corp) wins $100,000 of seed money for their entrepreneurial venture as well as office space in the Austin Technology Incubator.
You surely can Jen and I can share very specific examples with you. Dell, Frog Design, Ideo all have their offices in Austin. The SXSW and many other festivals take place there.
Yes, I have been to Austin several times. Have you?
Clark Kent
Mr superman i don't htink you can compare Austin, Texas with the like of California for the tech sector! Have you been to Austin?? Nice story though!
Jen
Great initiative to bring mentors and investors on to campus - would be interested to hear any specific cases of business students who have won funding to set up their own venture, and how much.... It's hard to find the specifics from a lot of these 'entrepreneurship' articles!
James Spencer
Even at the height of the economic recession Austin, Texas was one of the few places in the country that was still hiring and was least effected by the crisis.
In terms of technology awareness and innovation it is probably only next to California. Thus, surely the UT-Austin is a great place to study and look for a career
Really enjoy reading stories from this school. Keep publishing
Clark Kent