University of Texas at Austin to Host Venture Week, Termed the Future “SXSW of New Venture Creation”

April 21, 2010

AUSTIN, Texas — Global Moot Corp, taking place May 6-8 at The University of Texas at Austin, has been called "The Super Bowl of world business plan competitions." Starting this year, it will be accompanied by the inaugural Venture Week, what organizers hope will become the "South By Southwest" of entrepreneurship conferences.

Rob Adams, UT professor and director of Moot Corp, said Venture Week will be an opportunity to hear about award-winning new business ideas from MBA programs around the world and meet the entrepreneurs behind those deals. This year, teams will come from Australia, Brazil, Canada, China, Colombia, France, Germany, Great Britain, Mexico, Norway and Thailand. Attendees will also have the chance to get connected with the entrepreneurial ecosystem in Austin.

Venture Week has been spearheaded by the team at Texas Venture Labs, the new cross-campus entrepreneurship accelerator at the university. Texas Venture Labs promotes new venture creation through education, mentoring and connecting people across the educational and business communities.

Details on Venture Week events are below. Space is limited, so organizers asked that attendees RSVP online at http://tinyurl.com/ventureweek. The Global Moot Corp finals are free, but admission to all other events is $20. University of Texas at Austin students can attend the Venture Showcase for free by RSVP'ing in advance and bringing their student ID for admission

Venture Showcase
Thursday, May 6 - 5:30-7:30 p.m.
Venture Showcase is an exhibition of all the Global Moot Corp competitors. They have the opportunity to showcase their business to members of the business and educational communities. This event will be held in Salon C at the AT&T Executive Education & Conference Center on the UT campus.

Venture Happy Hour, co-sponsored by Venture Fellows
Friday, May 7 - 7-9 p.m.
Following the first two rounds of Moot Corp, competitors, judges and local investors will gather at Scholz's Garten for an informal networking event. This event is co-sponsored by Venture Fellows, a student organization that links MBA students with first-hand experience in the local venture capital community.

Global Moot Corp Finals
Saturday, May 8 - 2:30-7 p.m.
In the amphitheater at the AT&T Center, the four best teams will compete for the chance to win $135,000 in cash and start-up resources. Following the presentations, attendees will experience a rapid-fire introduction to key entrepreneurial organizations in Austin, followed by the Moot Corp awards ceremony. The amphitheatre is room 204 on level two of the AT&T Center.

Global Moot Corp Awards Ceremony
Saturday, May 8 - 7-9 p.m.
Venture Week will conclude with the Awards Ceremony for the competition. Before the awards presentation, there will be an opportunity to meet Moot Corp judges and mentors.

"Venture Week is an event where students, entrepreneurs, the business community and investors can explore entrepreneurial activity on the campus and throughout the city," said Rob Adams. "It supports UT's position of being a global leader in entrepreneurship. To that end, I can think of no better cornerstone event for Venture Week than Global Moot Corp."

More information on...

GLOBAL MOOT CORP
Started at The University of Texas at Austin by Master of Business Administration students in 1984, the Moot Corp Competition is the oldest new venture competition in the world. The competition provides graduate students with a chance to simulate the process of raising venture capital.

TEXAS VENTURE LABS
Texas Venture Labs at The University of Texas at Austin (Texas Venture Labs) is a university-wide initiative to support technology commercialization, entrepreneurship and innovation, while providing a unique and directly applicable educational experience for participating students.

VENTURE FELLOWS
Venture Fellows' mission is to provide future business leaders with a unique learning opportunity through firsthand experience working with venture capital firms and through a curriculum focused on the venture capital community.

For more information, contact: David Wenger, Red McCombs School of Business, 512 471 3314; Rob Adams, McCombs School of Business, 512-633-5955; Jeffrey Harbach, Venture Labs, 702-353-1711.