Application Process Overview
- Determine your stage of deal using the criteria below.
- If there is a fit with the deals Venture Labs is currently handling, fill out an online application. This application is in-depth and will require a significant amount of effort.
- Complete profiles are reviewed and prioritized by an independent Advisory Council based upon their commercialization potential. Texas Venture Labs will accommodate as many deals as its capacity permits.
- Deals that clear the selection criteria will be contacted by Venture Labs.
- The current process timeline is at the bottom of this page.
Stage 1: Raw Research – Idea Generation: Pre-Venture Labs – Typical Profile
- Has a business idea
- Currently conducting scientific research and/or preliminary research on the business
- May have thoughts on:
- Product
- Target Consumer
- Market
- Resources available to the company:
Stage 2: Technology, Licensing, Market Validation, Product Development: Typical Profile
- Product/Technology in testing and/or development phase
- Patent process initiated (if applicable)
- Licensing agreement negotiated (if applicable)
- Basic market validation completed; target segment identified
- Developing a business model and plan
- Filed for formation (Inc. or LLC)
- Resources available to the company:
Stage 3: Business Model, Business Plan, Management Team: Typical Profile
- Product/Technology developed/in Beta-testing
- Patent process complete (if applicable)
- Licensing agreement complete (if applicable)
- Initial Beta customers acquired
- Market validated and customer segments identified
- Scalable business model complete
- Business plan complete
- Resources available to the company:
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Stage 4: Funding, Launch, Ongoing Management, Growth, Harvest
Texas Venture Labs will facilitate introductions to potential funding sources by identifying complimentary characteristics in the following:
- Specific industry knowledge
- Lifecycle stage
- Deployable capital
- Managerial fit
- Resources available to the company:
