MOOT CORP Program
 

 

In This Issue
  • New Dates for Texas Competitions
  • Fundraising Help Needed
  • New Mentoring Program Introduced
  • Bigfoot Networks Wins Third Place in Fortune Magazine Contest

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    Fundraising Help Needed

    Each year, the MOOT CORP Program must raise $200,000 in funding. We are always interested in adding organizations to our group of financial backers. Corporations support our program for many reasons. These include the following opportunities:

     

    • To meet and hire the best entrepreneurial MBAs. While many of the MBAs launch their ventures, typically only one or two of the team are involved in the launch; the others seek jobs in established entities.
    • To gain new clients with high growth potential in emerging industries. Most of the ventures in the global Competition launch their ventures.
    • To network with the outstanding business leaders who are MOOT CORPâ judges.
    • To learn about, invest in, or partner with new ventures emerging from the best business schools in the world.
    • To impact entrepreneurship education literally around the world through direct interaction with the faculty who teach these courses.

     


     
    New Mentoring Program Introduced

    The MOOT CORP Program is soliciting individuals interested in providing entrepreneurial expertise to student teams enrolled in the New Venture Creation course which leads to the Texas MOOT CORP Competition. The course’s objective is to help MBAs develop the skills necessary for creating a new venture, with a particular focus on communicating through written and verbal presentations.

    The Mentor Program is intended to be an informal service for students seeking to formulate and execute successful business plans. Individuals with the appropriate expertise will have the opportunity to provide business plan critique and feedback to startups in an informal hands-on way.


     
    Bigfoot Networks Wins Third Place in Fortune Magazine Contest

    Fortune Small Business awarded the third prize of $5,000 to Bigfoot Networks, a company from the McCombs School of Business at the University of Texas at Austin with a new technology to prevent technical delays in online games. The third annual business-plan contest, the FSB Student Showdown, was very competitive. Eighty-two plans arrived from 66 schools, including Harvard and UCLA—up from 58 entries in 2004. To enter, teams had to have won a business-plan competition.

    Harlan Beverly has won his share of tournaments in online games such as Counter-Strike: Source, a simulated battle against terrorists. But as a hard- core gamer for the past 15 years he has also suffered the agony of losing. "And it's not my fault," he groans. The culprit, he says, is a technical lag that slows many games when the servers that they are running on bog down with traffic. In online baseball, for instance, heavy server traffic might cause a delay when a batter swings


     
    New Dates for Texas Competitions
    Mark your calendars for the upcoming Texas MOOT CORP competitions. The dates have changed since our last newsletter. The Texas MOOT CORP Semifinals will be held on Wednesday, January 25 beginning at 4 PM at the McCombs School of Business on the UT campus. Outstanding UT MBA teams from the Texas MOOT CORP Qualifying Round Competitions will compete in several divisions to determine who will move on to the Finals.

    The Texas MOOT CORP Finals will be held at the MCC Building, 3925 West Braker Lane on Wednesday, February 1 beginning at 4 PM. There will be a reception immediately following the presentations to announce the winners. The winning team wins a free year in the Austin Technology Incubator and a spot in the prestigious Global MOOT CORP® Competition.

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    Join us!

    Please be our guest at the Texas MOOT CORP Competition Finals and the Reception afterwards to announce the winner. We have four very competitive plans and a panel of five experienced judges. I encourage you to come and see our students in action.

    Sincerely,

    Rob Adams
    On February 1, four teams from the University of Texas at Austin will participate in the annual Texas MOOT CORP® Finals Competition. The Competition has become an annual launch for aspiring entrepreneurs who are graduate students at UT Austin.

    The competing teams are a diverse group with varied backgrounds: Phurnace Software and Extension Eleven come from the Texas Evening MBA program; CleanLine comes from the full-time MBA program, and Remedy Diagnostics is a team from the Master of Science in Science and Technology Commercialization program at the IC2 Institute.

    The Competition simulates the real-world process of raising venture capital. It is a unique partnership that brings together MBAs and business leaders. The judges function as an investment group seeking to reach consensus on the business venture they would most likely fund. The quality of the idea, the strength of the management team and the clarity and persuasiveness of the written plan and oral presentation all influence the judges’ decisions.

    Read more.
     
       
    The Texas MOOT CORP® Competition is hosted by the McCombs School of Business at The University of Texas at Austin. The MOOT CORP Competition was the first competition of its kind focused on entrepreneurship and is the oldest operating inter- business school new-venture competition in the world. The Global MOOT CORP Competition is recognized as “the Super Bowl of world business-plan competition.”