UT Horizon Fund CompeteUT : Student Investment Competition

1. UT Horizon FundCompeteUT:Student Investment Competition Office of Technology Commercialization University of Texas System November 11th, 2013

2. UT Horizon Fund Team • Bryan T. Allinson Managing Director • Jeet Vijay Principal, Syndicate Ventures • Wei Chen, PhD Principal, Seed Ventures • Theresa Shick-Johnson Senior Business Analyst • JD Weinstein Analyst

3. Overview of UT Horizon Fund • The UT Horizon Fund serves is the strategic venture fund of the UT system. Our goals are to: • Commercialize UT technologies • Improve sustainability through a positive return on investment • Support UT student startups

4. 3rd Annual CompeteUT • Aventure creation and investment competition to encourage innovation and entrepreneurship throughout all 15 University of Texas System Institutions. • 16 teams compete for up to $100,000 in investment as well as other awards • Exposure to mentors from a diverse set of backgrounds including angel investors and venture capitalists

5. Eligibility • All UT undergraduates, graduates, PhD candidates, postdocs, medical residents, medical interns, trainees, professional students and anyone that graduated from these programs in calendar year 2013. • All teams must have at least 3 members (at least 1 UT student) as well as 1 faculty advisor • No limitation on the type of technology or business, some following are examples: social or web media, healthcare IT, engineering, chemistry, biology, natural sciences, health care services, health technology and business services • Must reflect a real viable opportunity…not just a plan

6. Application Process • Business Plan Applications due by February 14th, 2014 • Application form can be downloaded at: http://www.uthorizons.com/compete-ut/ Key points should include: Summary, Technology, Unique benefit, Product or Service, Market Need, Market Size, Growth, & Segmentation, Competitive landscape, Team, Financials, Potential for Return, Funding, Exit Strategy • Applications must be submitted to Jvijay@utsystem.edu • You will receive a confirmation email • UT Institutions with official Business Plan Competitions will have an automatic finalist (winner) eligible for CompeteUT

7. Application Process (con’t) • For all other institutions, there are 11 more spaces to fill. No more than 2 teams from each institution NOT including those with an official Business Plan Competition will be allowed • UT Horizon Fund Selection Committee will make selections that will be approved by UT Horizon Fund team • UT Horizon Fund selects finalists by March 14th, 2014 • Finalists present to the UT Horizon Fund on April 4th, 2014 • Winner announced! • Other necessary information will be covered in the next webinar in January. All information is available on the UT Horizon Fund website: www.UTHorizons.com . Each webinar will be recorded and stored in archive on our website so it can be viewed later.

8. Business Plan Competition Automatic Qualifiers • UTD Business Idea Competition • UTSA Student Technology Venture Competition • UTAUS (Texas Venture Labs Investment Competition) • UTEP Student Investment Competition • UTPA Business Plan Contest

9. Evaluation Criteria • OVERALL • Does the summary adequately describe the product or service -- does the idea make sense? • Has the team adequately described the pain/need in the marketplace? • What’s the unique benefit? • MANAGEMENT TEAM • Does this management team have the skills required to execute the plan? • Does this team have the experience to lead a new venture? • If this management team is weak in either necessary skills or experience, do you have the advisors or mentors who can help you? • MARKET OPPORTUNITY • What’s the market and economic opportunity? • What’s the value proposition? Is it a sustainable model?

10. Evaluation Criteria (con’t) • COMPETITIVE STRATEGY • Has the team completely analyzed its competitive space? • Does the team clearly identify the company’s initial competitive advantage or differentiator? • Does the team have an adequate strategy for defending their market position? • GO TO MARKET STRATEGY • Is it clear how the company will reach its initial customer? • Does the summary clearly identify a sales strategy? • Is the distribution plan clearly defined and reasonable? • FINANCIALS • Are the financials consistent with the overall plan? • Are the assumptions realistic? • Are contingencies and exit strategies addressed? • Does the plan describe the funding/resources required to execute on the plan? • ORAL PRESENTATION PITCH • How convincing is the group in selling the plan to the judges? • Does the group exhibit effective presentation skills?

11. Event Logistics • Shark Round • 16 teams, 1 track, 5 minutes pitch, 5 minutes Q&A, 10-12 judges, 8 teams advance • Business Plan Round • 8 teams, 2 tracks, 10 minutes pitch, 10 minutes Q&A, 4-6 judges, 4 teams advance (2 from each track) • Investment Round • 4 teams, 1 track, 15 minutes pitch, 15 minutes Q&A, 10-12 judges All students, faculty, and staff from UT Institutions are invited to attend CompeteUT

12. Key Dates • November 11th, 2013 - First Informational CompeteUTwebinar to students, faculty, staff • January 22nd, 2014 - 2nd Webinar with additional info. • February 14th, 2014 - Applications due to UT Horizon Fund • March 14th, 2014 - Finalists selected and announced • April 4th, 2014 - Finalists present to the UTHF, award ceremony, winners announced

13. Awards and Prizes • Best Overall Investment (final 4 teams eligible) - $100,000 Investment • Best Pitch Award (all teams eligible) • Most Innovative Idea Award (all teams eligible)

14. Any questions? Contact information Jeet Vijay or JD Weinstein JVijay@utsystem.edu or JWeinstein@utsystem.edu