1. CompeteUT UT Horizon Fund Student Investment Competition (UTHF-SIC) January 22, 2014 Office of Technology Commercialization University of Texas System

2. UT Horizon Fund Team Bryan T. Allinson Managing Director Jeet Vijay Principal, Academic Ventures Wei Chen, PhD Principal, Health Affairs Ventures Evan Fitzmaurice Attorney, General Counsel Tiffany Kindred Marketing Coordinator Nick Tulloh Business Analyst 2

3. About Us Founded in 2011, the UT Horizon Fund is the strategic fund of the University of Texas System. Our vision is to enhance the commercialization of technology and innovation as a sustainable resource for UT System and UT Institutions 3

4. 3 rd Annual CompeteUT (Formerly UTHF-SIC) A venture creation and investment competition to encourage innovation and entrepreneurship throughout all 15 University of Texas System Institutions Exposure to mentors from a diverse set of backgrounds including angel investors and venture capitalists 16 teams compete for a maximum of $100,000 Investment Award 4

5. Eligibility Open to all UT undergraduates, graduates, PhD candidates, postdocs, medical residents, medical interns, trainees, professional students and anyone who graduated from said programs in calendar year 2013. Teams must have a minimum of 3 members –At least 1 UT Student to meet eligibility requirements Teams must have 1 faculty advisor Must reflect a real viable opportunity 5

6. Application Process Business plan application due date extended to February 28, 2014 Some of the elements of an effective business plan are: –Summary –Technology –Unique benefit –Product or Service –Market Need, Size, Growth and Segmentation –Competitive landscape –Team –Financials –Potential for return –Funding –Exit Strategy Applications must be submitted to Tiffany Kindred at tkindred@utsystem.edu tkindred@utsystem.edu 6

7. Application Process (con’t) Winner of any UT campus investment/business plan competition automatically qualifies for CompeteUT. –Only 1 team from each campus can qualify automatically. No more than 2 teams from each institution will be selected Submitted plans will be reviewed by the UT Horizon Fund Selection Committee comprised of individuals from investment, business, and legal professions. 7

8. Business Plan Competition Automatic Qualifiers* UTD Business Idea Competition –November 15 th, 2013 UTSA Student Technology Venture Competition –December 7 th, 2013 UT Texas Venture Labs Investment Competition –February 6 th, 2014 (Semi-finals) & February 13 th, 2014 (Finals) UTEP Student Investment Competition –March 7 th -8 th, 2014 UTPA Business Plan Contest –TBD *Please advise UT System on any other competitions not listed. Note that the competition must have an award / investment prize to be considered. 8

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 is 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 management team is weak in either necessary skills or experience, do you have the advisors or mentors who can help you? Market Opportunity  What is the market and economic opportunity?  What is the value proposition? Is it a sustainable model? 9

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? Exit strategy  Does the company have reasonable exit strategy?  Has the company calculated potential exit return multiple?  Has the company identified different potential exit milestones and timelines? Oral Pitch Presentation  How convincing is the group in selling the plan to the judges?  Does the group exhibit effective presentation skills? 10

11. Event Logistics Shark Round –16 teams, 1 track, 5 minute pitch, 5 minute Q&A, 10-12 judges, 8 teams advance Business Plan Round –8 teams, 2 tracks, 10 minute pitch, 10 minute Q&A, 4-6 judges, 4 teams advance Final Round –4 teams, 1 track, 15 minute pitch, 15 minute Q&A, 10-12 judges All students, faculty, and staff from UT Institutions are welcome to attend CompeteUT 11

12. Key Dates February 28 th, 2014 – Applications due to UT Horizon Fund March 18 th, 2014 – Finalists announced March 21 st, 2014 – Finalists submit list of attendees (team members, advisors, supporters, etc.) and press materials (logo, company history, team member bios, etc.) March 31 st, 2014 – Final PowerPoint presentations submitted April 4 th, 2014 – 3 rd Annual CompeteUT competition in Austin, Texas 12

13. Grand Prize Grand Prize (Best Overall Investment) –Maximum of $100,000 Award in the form of a Convertible Promissory Note Investment 13

14. Conditions for receiving the Grand Prize Investment Award: –Investment will only be made in a properly formed corporate legal entity –Investment will be in the form of a Convertible Promissory Note Terms of the Notes (including maturity date, number of tranches, milestones, etc.) will be negotiated by UT Horizon Fund and the company Deadline for the conclusion of the negotiation is three months from the date of the announcement of the winner If the deadline is not met, UT Horizon Fund reserves the rights to extend the deadline or declare the runner up company the winner 14

15. Questions? Contact Tiffany Kindred tkindred@utsystem.edu Jeet Vijay Jvijay@utsystem.edu Follow Us @UTInnovations Visit Our Website www.uthorizons.com This webinar will be available for download on Friday, January 24, 2014 15