Announcing the JBTVL Accelerator Spring 2020 Cohort

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We welcome these innovative companies who have been selected for our upcoming cohort!

These 14 startup ventures were selected from a highly competitive field of applicants and represent some of the finest early-stage ventures that are being developed around Austin. They will be working with multi-disciplinary teams of graduate students from The University of Texas at Austin to solve business challenges and accelerate growth. This relationship between the highly talented grad students and amazing startups has helped our alumni companies raise nearly $800 million in funding over the 10 years we have been operating our accelerator. We are sure to see more of this and the resulting economic development from this Spring 2020 cohort, as well!

 

Let’s meet the startups!

 

BlacktopLogoBlacktop is a business intelligence software designed for the 16,800 U.S. franchise automobile dealers. It will aggregate data from silos it currently lives in, mine data for profit leaks and opportunities, and deliver intelligent decisions for dealership personnel through data “stories” that are easy to understand and act upon.

 

blinkai.logoBlink AI provides omni channel communication and marketing platforms to Automotive Industry customers. They help both OEM and Dealers by connecting with their customers at dozens of the most critical moments in the ownership life cycle.

 

ChooseHealthLogo

Choose Health develops and markets at-home, internal health testing products to enable users to track and improve a core panel of biomarkers linked to chronic disease and long term health. With a simple, affordable virtual lab testing and tracking service that monitors the key markers of physical health, users learn how these are impacted by their lifestyle and how they can improve from the inside out.

Detecting Talent Logo

Detecting Talent is a cloud-based HR software solution that redefines how data is used to solve one of the most pressing problems facing companies today – Employee Retention. They employ AI and Machine Learning to transform employee data into meaningful, actionable insights.

HimesLogo

Himes promotes sustainability by producing a variety of sustainable workwear products and  development of a new technology that will close the loop to create Circular Economy and reduce the environmental impact caused by textiles and after-use garments.

 

Hyve Logo

Hyve is an innovative solution which can help households and companies rid their environment of unwanted germs by naturally cleaning at the microscopic level with probiotic based solutions.

 

LaundrisLogoLaundris is “Linen Management on Auto-Pilot” with a patent pending smart linen service. They provide a pioneering and innovative process for smart commercial laundry service that eliminates the uncertainty of a highly manual and chaotic process and allows for precision, predictability and accurate forecasting of inventory and assets.

 

Nada Logo

Nada is a vertically integrated real estate tech company that leverages technology and affordable prices to provide consumers an end-to-end buying, selling and owning experience.

 

Ploto Logo

Ploto provides a platform with customizable solutions for brands, event marketing agencies and organizations to design and deploy Direct To Consumer (DTC) campaigns that generate consumer connection, trust and actionable business intelligence. Their DTC framework provides clients the tools needed to generate custom campaigns and learn more about their consumer base and improve the Life Time Value (LTV) of their connections without depending on third party data providers, like social media platforms.

 

ProveneLogo

Provene provides a Software as a Service (SaaS), web-based tool and platform designed to help behavioral and medical healthcare providers efficiently and effectively communicate and coordinate care. CleanTrac has customizable real-time capabilities to connect resources, observe behavior, measure outcomes, proactively intervene and develop best practices throughout the continuum of care.

 

PurPicsLogo

PurPics is an Austin-based peer influencer platform redesigning the way brands engage GenZ/college students. They provide brands with access to a growing network of Gen Z influencers at college campuses across the country with a combined reach of over 30 million. Their users generate 10x the engagement of typical Instagram marketing strategies. They have worked with brands like Lime Scooters, Clif Bar, Shake Shack, Soylent, Vita Coco and many others.

WilderSystemsLogoWilder Systems is expanding the range of feasible robotic applications by introducing collaborative, multi-functional robots into aerospace manufacturing. Their cost-effective robotics help aircraft manufacturers who want to improve productivity, quality and ergonomics.

Winter Haven Capital Logo

Winter Haven Capital Winter Haven Capital is an innovative, dynamic fin-tech start-up selling an equity trading platform with better risk management capabilities and methodology, the QuanTiles Analytics platform, an automated solution which provides executable insights and allows retail investors to hedge their long equity portfolio.

 

ZipCodeXpressLogo

ZipcodeXpress is an Austin-based tech company focused on last-mile delivery using a smart locker based logistics platform. Now Class B and C apartments can turn package delivery from a cost center into a revenue center by providing the tenants with the option to pay for self-service, smart lockers. ZipcodeXpress also helps enterprises with asset management by using their smart lockers to automate asset check-in and out process.

         

Spring Venture Expo, April 2020 at Robert B. Rowling Hall

If you want to learn more about these innovative companies, visit their websites linked in their descriptions and also mark your calendars for our JBTVL Venture Expo which is tentatively scheduled for April 23, 2020 and will feature these 14 amazing companies and more!  Connect with us on social media or subscribe to our newsletter to stay up to date!

JBTVL in 2019: Year in Review

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New Year 2020 Hero Img

JBTVL in 2019: Year in Review

As we wrap up 2019, marking our 35th year of supporting entrepreneurship at the University of Texas at Austin and beyond, we take a look back and reflect on how JBTVL made a positive impact with the help of all our stakeholders.

JBTVL Investment Competition

Our flagship event, the Jon Brumley Texas Venture Labs Investment Competition (TVLIC), is held towards the end of each Spring and Fall semester. We get hundreds of applications from UT Austin graduate students that want to pitch their startup ideas and compete for cash prizes and the chance to go to New York and participate in a Nasdaq bell ceremony.

In 2019, TVLIC selected 47 companies from the many high-quality applications we received for our Spring and Fall competitions. For the 10 student startups that made it to the finals from both events combined, we gave out over $58,000 in prizes!

Mark your calendars for the next TVLIC, which is scheduled for Friday, May 8, 2020.

JBTVL Practicum

One of the main ways we support entrepreneurship is by working with graduate students at the University of Texas at Austin in our JBTVL Practicum class. This multi-disciplinary class gives select graduate students from all across campus a behind-the-scenes view of how startups build their businesses. By matching the student teams with companies from our JBTVL Accelerator, the students get hands-on experience by providing consulting and market research to help accelerate growth.

Looking at both the Spring and Fall semesters in 2019, we had 148 applicants and accepted 95 into the class. Those students contributed hundreds of hours of hard work to our accelerator companies, conducting semester-long projects to give a deeper understanding of industry and market dynamics, target customer profiles, financial modeling, marketing strategy, and much more. From all that hard work, we can point to millions in fundraising done by our alumni companies since leaving those cohorts and many students that have gone into their careers with a richer understanding of working with a new venture.

Our Spring 2020 class is shaping up to be another amazing group and we can’t wait to get started in January. We will also begin recruiting for the fall semester starting in February.

JBTVL Accelerator

We recruit early stage ventures from all across the Texas startup ecosystem to participate in our equity-free, no-cost accelerator program. These companies get hundreds of hours of research and consulting from UT Austin’s best and brightest graduate students who apply for our Texas Venture Labs Practicum.

The 2019 Spring cohort of the JBTVL Accelerator was comprised of 14 amazing companies ranging from aerospace manufacturing robotics, AI-enabled drones, and 3-dimensional data visualization to safety eyeware innovation and a Latin food company. Many of those companies have gone on to raise more funding from grants and investors.

Our 2019 Fall cohort saw 12 companies take strides towards their next major milestones. This group included tasty innovations in the health-food market, promising new methods for delivering supplements, advanced methane detection, a wearable device for cattle health, groundbreaking energy storage technology, and advanced AI for sensor data in manufacturing, along with other fantastic up-and-coming companies.

Stay tuned for details about our upcoming cohort and the projects that JBTVL will be helping them with starting in January.

JBTVL Venture Expo

Both nights of the JBTVL Venture Expo, our biannual celebration of early-stage startups, were full of world-changing potential. A total of 59 companies from across the UT startup ecosystem participated. These startups, including 26 from our Spring and Fall accelerator cohorts and 23 from the ranks of our accelerator alumni, came together to show off their progress, find new partners, attract talent and connect with investors. We had hundreds in attendance and many meaningful connections were made.

Our next Venture Expo is tentatively set for April 23, 2020.

Well…that’s a wrap on 2019 and another successful decade. Have a wonderful and prosperous new year!

Stay connected with JBTVL in 2020 by subscribing to our newsletter or following us on social media!

Fall 2019 Venture Expo Companies

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Our upcoming Venture Expo on November 21, 2019 will be featuring our Fall 2019 JBTVL Accelerator cohort, JBTVL Alumni Companies and other amazing startups from the University of Texas at Austin ecosystem! Read about these exciting new ventures below.

Entrepreneurship and UT Austin Startup Showcase Venture Expo

Fall 2019 JBTVL Venture Expo – RSVP: Attend.com/VentureExpoFall19

Our current JBTVL Accelerator cohort is showing some serious potential and promises to be one of our most successful cohorts to date. Some of the projects that JBTVL is working with them on as part of our accelerator.

  • Elite Sweets – Distribution and Financial Model Validation
  • EPX – Market Segmentation and Competitive Analysis
  • MDM Wound Ventures – Market Analysis, Product Expansion and Revenue Projections
  • Pink Science– Market Analysis and Beachhead Market Mapping
  • Pocket Innovations – Market Validation and Patent Verification
  • Relay IQ– Customer Discovery and Pricing Strategy
  • Roper – UX Design Validation and Target Market Validation
  • Steamm Espresso – Go-to-Market and Funding Path Research
  • Tradiies – Revenue Model Validation and Data Strategy
  • Troposphere– Market Expansion and Target Segment Research
  • Yotta Energy – Market Sizing, Competitive Analysis and Valuation
  • Viviota – Current Market Assessment, Expansion and New Market Validation

In addition to the Fall 2019 Accelerator companies, we have more amazing companies that will be on the Expo Floor.

  • AngelSpan, Inc. – Worthy startups outside Silicon Valley, NY, Boston and LA struggle for funding, while investors interested in funding entrepreneurs are frustrated with the process. AngelSpan and our Legacy Funds division addresses these challenges.
  • Auto Labs – Auto Labs creates opportunities for auto dealers to engage with their customer during the whole ownership life cycle with Sophi, an artificial intelligence-powered omni-channel communication and productivity solution.
  • Big Wheelbarrow – Provides a B2B platform that enables large grocery store chains and food service companies to meet the booming demand for local food.
  • Charity Charge – Business credit cards designed specifically for the needs of nonprofits which require no personal guarantor, carry no annual or per card fees, and generate cash back automatically.
  • ElecTrip – City to city transportation company that uses technology, electric vehicles, and trained drivers to get clients from points A to B in the most efficient, sustainable and productive way possible.
  • HiPR Innovation, Inc. – HiPR is developing the first smart, dynamic and reactive wheelchair cushion system to prevent pressure ulcer development.
  • Locoal – Provides a zero-waste solution for organic landscape materials, utilizing the feedstock to generate renewable clean energy while capturing carbon in value added co-products.
  • NovoThelium – An internationally awarded biotech startup developing a human derived acellular nipple areolar matrix for use in nipple reconstruction after trauma or mastectomy.
  • Picko – Low-cost food delivery for high population density campuses using logistics and batching technology to reduce the number of delivery trips and associated costs significantly.
  • Plexus Technology  – Plexus provides communication and location services on a platform designed to succeed in limited cell environments by using a closed WIFI mesh network.
  • Pocket Punch – Created by five female UT student entrepreneurs, Pocket Punch empowers individuals to be in charge of their own safety through a hand-held multi-functional self-defense device.
  • Rocket Dollar, Inc. – A fintech platform designed to help people use IRAs and 401(k)s to invest in alternative assets such as real estate, startups, and crypto.
  • WriterDuet (FlexDocs) – Offers a real-time collaboration platform for creative teams to innovate and execute seamlessly by transforming content into myriad views, allowing them to build and iterate on the same data using their own unique thought-process and workflow.

Come check out all of these exciting new ventures and connect with the startup ecosystem in this fun environment, complete with an elevator pitch showcase, an expo floor event and a reception!

RSVP: Attend.com/VentureExpoFall19

When:
Thursday, November 21
from 4:30 – 6:30 PM

Where:
Robert B. Rowling Hall
300 W. Martin Luther King Jr. Blvd
Austin, TX 78705

Veteran Austin entrepreneur Mellie Price Tapped to Lead New Business/Medical Partnership

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Health Startups Have New Home for Growth, Opportunity at UT Austin
Veteran Austin entrepreneur Mellie Price tapped to lead new business/medical partnership

AUSTIN, Texas – Health product innovators and entrepreneurs in the Texas capital are getting a leg up thanks to a new partnership at The University of Texas at Austin between the Jon Brumley Texas Venture Labs (JBTVL) at the McCombs School of Business and the Texas Health CoLab at Dell Medical School. The unique collaboration is intended to accelerate the pace of health product innovation in Austin.

Health-focused entrepreneurs, inventors, clinicians and researchers are already working with the medical school’s hub for innovation, known as the Texas Health CoLab, to create products and services that improve patient health outcomes and lower the cost of health care. Their startups can now get an additional boost by also applying to be part of the business school’s JBTVL, an accelerator that matches early-stage startups with cross-functional student teams from across UT Austin graduate schools to help solve critical business problems.

“Health care is perhaps the most pressing need for business transformation in our country,” said McCombs’Dean Jay Hartzell. “Leveraging the joint power of the Health CoLab and JBTVL helps to support local startups and further advance Austin as a center for health care innovation.”

Dell Med Dean Clay Johnston, M.D., agreed, saying, “This interdisciplinary effort combines innovation, collaboration and community benefit, and is absolutely aligned with Dell Med’s interest in making Austin a model healthy city.”

Veteran Austin entrepreneur Mellie Price to lead partnership

Leaders from both schools also announced that veteran local entrepreneur Mellie Price has been tapped to be the new executive director of the JBTVL, and to lead this unique cross-school partnership. Price will also continue her current work as executive director of commercialization and managing director of the Texas Health CoLab at Dell Med. John Sibley Butler, JBTVL’s past director, will now serve as its faculty director.

Dell Med created the Texas Health CoLab to enable a robust health innovation ecosystem in Central Texas, advance its mission to revolutionize how people get and stay healthy, and to support new business ventures focused on improving health.

“This partnership reinforces the commitment of both schools to foster an environment supporting creative business solutions within the health care industry – something I have been passionate about throughout my career,” said Price, an experienced investor, technologist and co-founder of Austin’s startup ecosystems Capital Factory and SoftMatch.

The JBTVL pairs graduate students with local startups from all industries, offering assistance in writing business plans, forecasting financials, performing competitive research, developing pricing and marketing strategies and more. Graduate students from the MBA, law, engineering, pharmacy and natural sciences programs participate in semester-long consulting projects and work alongside the company founders to earn academic credit in exchange for high-quality consulting work and real-world experience.

“Under Mellie’s leadership, the JBTVL is taking business ventures to the next level, serving as a unique forum for investors to engage with researchers and startups from within the UT Austin community,” said Luis Martins, Ph.D., professor and chair in the Department of Management and director of the Herb Kelleher Center for Entrepreneurship at McCombs.

At the end of each semester, the JBTVL hosts an expo to showcase its latest startup innovations. The next expo will take place on November 21, 2019. Apply for the 2020 Spring Jon Brumley Texas Venture Labs Accelerator Cohort here.

Connect with Early Stage Startups from Central Texas at Venture Expo

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Join us for the biannual Texas Venture Labs Venture Expo and meet our 14 Accelerator companies and other up and coming startups from Central Texas. Our keynote speaker will be whurley, founder and CEO of Strangeworks.  A lifelong entrepreneur, whurley has been using systems theory and open source to create innovative technologies for his entire career. He believes leveraging technology to solve our problems is the most exciting and noble challenge we face.

Thursday, April 18, 2019
1 PM – 4 PM
Rowling Hall
RSVP at bit.ly/VentureExpoSpring2019

1 PM                 Keynote speaker whurley and elevator pitches from startups
2 PM – 4 PM    Talk one on one with the startups on the Expo floor