UT Horizon Fund Student Investment Competition (UTHF SIC) 2013

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UT Horizon Fund Student Investment Competition (UTHF SIC) 2013 Overview The UT Horizon Fund is hosting the 2 nd annual Student Investment Competition (UTHF SIC).

This year, the cash prize is up to $100,000 seed investment.

1 UT Horizon Fund Student Investment Competition (UTHF SIC) 2013 Overview The UT Horizon Fund is hosting the 2 nd annual Student Investment Competition (UTHF SIC). The SIC is a venture creation and investment competition to encourage innovation and entrepreneurship throughout all 15 University of Texas System Institutions. This year, the cash prize is up to $100,000 seed investment. Eligibility This Student Investment Competition is open to all UT undergraduates, graduates, PhD candidates, postdocs, medical residents, medical interns, trainees and anyone that graduated from these programs in calendar year We are looking for student led teams who have recently formed a company or are on that path. Students may enter as individuals or teams. Eligible institutions include: UT Arlington, UT Austin, UT Brownsville, UT Dallas, UT El Paso, UT Health Science Center Houston, UT Health Science Center San Antonio, UT Health Science Center Tyler, UT Medical Branch, UT MD Anderson Cancer Center, UT Pan American, UT Permian Basin, UT San Antonio, UT Southwestern Medical Center, and UT Tyler. Application Process To apply, each team should fill out the application form below, including: o (1) Summary Summarize the plan o (2) Problem Statement What problem are you looking to solve? How will you solve the problem? o (3) Technology Describe your technology o (4) Product or Service What new product or service will be created from the technology? o (5) Market How large is the addressable market? o (6) Team Who you are, your institution(s), course of study 1 P age

2 o (7) Advisors Who your advisors are, and their expertise. Advisors can be your professors, UT faculty and researchers or external advisors. o (8) Competition How does your approach stack up to competition including relative strengths, weaknesses, opportunities and threats o (9) Barriers to Entry Describe any barriers to entry including FDA regulatory filings, engrained processes, etc. o (10) Investment Funding Has your group secured any investment funding to date? How much are you seeking? How will it be used? Your application must be submitted to your institution s local representative with a copy to wchen@utsystem.edu by February 14 th, Their contact information can be found on our website, Other necessary information will be covered in the webinars (12/4/2012 & 12/6/2013) and is available on the UT Horizon Fund website: Each webinar will be recorded and stored in archive on our website so it can be viewed later. Students that win a prior investment competitions authorized by UT will automatically advance to UT Horizon Fund Student Investment Competition, and they include: o UT Austin Texas Venture Labs Investment Competition o UT San Antonio Student Technology Venture Competition o UT Dallas Business Idea Competition o UT Pan American competition o UT El Paso Student Investment Competition Timeline December 4 th, 2012 Informational webinar to Deans, Provosts and faculty advisors (check for update) December 6 th, st Webinar to students January 21 st, nd Webinar to students February 14 th, 2013 Applications due to local representatives March 18 th, 2013 Nominations due to UT System March 28 th, 2013 Finalists selected and announced April 25 th, 2013 Finalists present to the UTHF, award ceremony, winners announced Additional Information can be found on our website. UT System Contact: Wei Chen, , wchen@utsystem.edu 2 P age

3 UT HORIZON FUND STUDENT INVESTMENT COMPETITION APPLICATION FORM 1. Summary Clearly and concisely present your idea. List each student or trainee s name, field of study, institution and graduation date below: 3 P age

4 2. Problem Statement What problem does it solve? How does it solve it? What area of pain or unmet need does your product/service/technology address? Is it something customers absolutely need to have? Describe the target customer(s) and how you envision selling to them. 4 P age

5 3. Technology Clearly describe technical aspects. Feel free to use an appendix for detailed information if applicable. It is not necessary for any intellectual property (IP) assets to be owned by the University of Texas. However, if your company is intending on using UT owned IP, then it is necessary for the UT owned IP to have been licensed prior to receiving funds. This is to ensure that your company is able to conduct its business and utilize the asset. Does your company rely or intend to rely on University of Texas intellectual property? [ ] YES [ ] No [ ] Other please specify: If so, has your company completed a license agreement with UT? Please provide a copy of that agreement or let us know where you are in the process of licensing. Additional detail: 5 P age

6 4. Product or Service Clearly describe what product or service will be created from the technology. How will you intend to offer this product or service? 6 P age

7 5. Market What is the size of target addressable market (# customers, etc.). 7 P age

8 6. Student team bios List the name and UT institutions of each team member. Describe the backgrounds of the team. List the title or proposed title and role in the company. Please past resumes if you have them. 8 P age

9 7. Advisors List the name, organization and bios of any board members and advisors, if available. If you haven't assembled a board of directors/advisors yet, give us an idea of your board "dream team" and specifically how or what you envision them contributing. 9 P age

10 8. Competition How does your product/service compare to other products or services on the market today. What is the value proposition? Why would someone want to use your product over a competitor s? Please provide as assessment of Strengths, Weaknesses, Opportunities and Threats if available. Describe any intellectual property (IP) your company has licensed or owns to give it an advantage in the marketplace: 10 P age

11 9. Barriers to Entry Describe any barriers to entry including FDA regulatory filings, engrained processes, etc. 11 P age

12 10. Investment Funding Describe any funding you have received to date? How much funding are you seeking, from whom, how long will it last, and how will it be used? 12 P age

16% 11% 18% 30% 17% $ Statutory Tuition. $ Fees. $ Contracts & Grants. $ Sales & Services. $.7 - Investment Income

16% 11% 18% 30% 17% $ Statutory Tuition. $ Fees. $ Contracts & Grants. $ Sales & Services. $.7 - Investment Income 16% 8% 11% $10.8 - Statutory Tuition $16.0 - Fees $25.7 - Contracts & Grants 30% 18% $25.3 - Sales & Services $.7 - Investment Income $43.5 - State Appropriations 17% $22.6 - Designated Tuition 0% 8% $69.2