Tag: scholarship

The 2017 Texas Venture Labs Scholarship Competition!

We’re excited to announce the winners of the 2017 TVL Scholarship Competition! The Jon Brumley Texas Venture Labs (TVL) at The University of Texas at Austin is a campus-wide initiative to accelerate start-ups in taking their innovations to market. In coordination with the McCombs School of Business, they have created the TVL Scholarship, a unique program for entrepreneurial students interested in attending the McCombs business school.

This year’s TVL Scholarship Competition Semi-Finals & Finals were held on February 24th, 2017. Nineteen presenters gave their pitch to a panel of judges in hopes of winning the scholarship.

Congratulations to the 2017 TVL Scholarship Winners!

Angelise Hadley, for EmbraceBox – the unique DIY subscription box geared towards girls with curly or textured hair to build a sense of accomplishment and confidence.

Tom Jackson, for Locus Tracking – a company that enables smartphone users to control their phone with their eyes.

First Runner-Up was awarded to John Grellner for Talos training and Second Runner-Up was awarded to Peter Loukas for Commissary Network.

Pictured left to right: Tina Mabley (Assistant Dean of the Texas MBA program), Tom Jackson, Angelise Hadley and Rob Adams (Director of Texas Venture Labs)

Each TVL Scholarship is worth up to $174,000 and includes

  • $10,000 per year scholarship, as well as in-state tuition (for a total of $25,000 per year scholarship value).
  • Consideration for admission of your company into the TVL Accelerator upon graduation.
  • Consideration for a post-graduate position as a Venture Partner worth $50,000.
  • Continued support from Texas Venture Labs throughout the development of your company.

More Entrepreneurial Opportunities at McCombs

The McCombs School of Business offers many unique resources in Austin – one of America’s most innovative cities to prepare students for new business ventures. Learn more about TVL or check out these other resources:

To learn more about the Texas Venture Lab and our initiatives, visit our website or Twitter account

How an MBA Can Help Your Startup Succeed

From Harlan T. Beverly, PhD, Texas Evening MBA ’04

Every year, thousands of students flock to MBA programs nationwide to learn the craft of business. In recent years, many of those students  have come with a gleam in their eye, that of launching and succeeding with their own startup.  At The University of Texas at Austin, MBA applicants can earn a scholarship for their idea, assuming their idea is strong enough. One of the key questions about entrepreneurial education, though, is this: what does it take to succeed at a startup? And more to the point, is that something you can learn in an MBA program?

CbnPEaZUkAAZoOk

2016 TVL Scholarship winners Josh Berrington (left) and William Wilder (right)

Researchers in entrepreneurship have typically focused on the attributes of the founding team as key predictors of success.  While it is obvious that certain characteristics like risk tolerance, persistence, and charisma could be helpful in getting an entrepreneur started, there is still much debate about what it really takes to have a successful startup.

In 2004, I was one of those MBA students with that startup fire in my eye.  Now, a dozen years later and with three successful startups under my belt, I believe that there are many critical things that a student can learn in an MBA program to help better their odds of success.  Here are three things I learned as part of my MBA that I have leaned on to beat the steep odds of startup success (less than 1 in 10).

First and foremost: Define success before you begin. 

Not every startup idea is destined for an IPO or billion-dollar exit.  An MBA helped me to learn how to assess the business potential of a startup idea and set realistic goals for what success looks like.  All too often, startups fizzle out because they reach too high or even achieve limited success…but fail to exit at the right time.

Second: Learn, learn, learn. 

No matter what it’s called – “market validation” or “lean startup” or listening to customers – learning, and adapting is essential to success.  My MBA helped me understand both what I needed to learn (pricing for example), and how I could learn what I needed from real customers quickly.

Finally: Success is never achieved in a vacuum.

My MBA helped me to understand the importance of networking. Hiring and firing are essential leadership skills as a company grows, and an MBA not only helps you understand the leadership principles, but also helps you develop team-based skills to work well with others. For me, it was at UT Austin that I met the co-founders of my first company, as well as many future business partners.

Clearly there are many things to learn and skills to develop as part of an MBA. Can they help an entrepreneur be successful?  Absolutely.  The University of Texas’ Jon Brumley Texas Venture Labs has proven capable of developing MBA students into successful startup founders. The new Texas Venture Labs MBA Scholarship is now open and accepting qualified applicants with world-changing startup ideas. Learn more about the application requirements and submit your application today!

E-Ship at McCombs: The 2016 TVL Scholarship Competition!

The Jon Brumley Texas Venture Labs (TVL) at The University of Texas at Austin is a campus-wide initiative to accelerate start-ups in taking their innovations to market. In coordination with the McCombs School of Business, they have created the TVL Scholarship, a unique program for entrepreneurial students interested in attending business school.

This year’s TVL Scholarship Competition Semi-Finals & Finals were held on February 19th. Fourteen presenters gave their pitch to a panel of judges in hopes of winning the scholarship.

Congratulations to the 2016 TVL Scholarship Winners!

Full scholarships were awarded to two first-place winners:

Josh Berrington, for Q’ello – a plant-based milk that is completely traceable and delivered right to your door. (pictured left)

William Wilder, for Wilder Systems – a business that supplies automated tools to the aerospace industry to improve productivity and quality. (pictured right)

First Runner-Up was awarded to Beth Hood,  for Tekton Industries, LLC and Second Runner-Up was awarded to Mahesh Murali for Falcon Technology.

Each TVL Scholarship is worth up to $174,000 and includes:
  •  $10,000 per year scholarship, as well as in-state tuition (for a total of $25,000 per year scholarship value).
  •  Consideration for admission of your company into the TVL Accelerator upon graduation.
  • Consideration for a post-graduate position as a Venture Partner worth $50,000.
  • Continued support from Texas Venture Labs throughout the development of your company.

More Entrepreneurial Opportunities at McCombs

The McCombs School of Business, ranked #6 for entrepreneurship, offers many unique resources in one of America’s most innovative cities to prepare students for new business ventures. Learn more about TVL or check out these other resources:

© 2017 Texas MBA Insider

Theme by Anders NorenUp ↑

Subscribe

Follow this blog

Get every new post delivered right to your inbox.

Skip to toolbar