How are applicants assessed?
Applications are assessed for product, market, competencies, and execution viability, among other factors.
How are student leaders involved?
Student leaders of the Genesis Program participate alongside alumni, industry, and faculty mentors in venture capital modeled activities that are tailored for early stage innovations to help source, screen, select and support student awardees.
Is this available to all majors?
Funding applicants can be UT Austin students from any college.
Is this available only to undergraduates?
Funding applicants can be UT Austin students of any degree level and at any year/stage of their program.
Is this like Shark Tank where I will be publicly grilled in an interview?
No. Neither the Genesis Program nor the real world of venture capital reflect only what you see on Shark Tank. Many details take place behind the scenes with angel and venture capital funding like sourcing, screening, and due diligence. Applicants that are high potential candidates of the Genesis Program portfolio will participate in an interview / pitch but it will be very different than what you see on TV.
Should I just apply for the maximum capital distribution amount and hope for the best?
This would not be a good approach. When reviewing applications many factors are considered, including milestones, capital requested and runway. An application that presents a clear consideration of the milestones you need to achieve, thoughtful allocation of how much capital each milestone will require, and the traction they will provide if you succeed will stand out above and beyond than an application that maxes out the allocation and is vague.
Any amount of capital would be extremely helpful, but the more you can give us the better. Is this a sufficient request for capital?
This is not sufficient. As mentioned in the question about maxing the capital request, many factors are considered. An application that presents a clear consideration of the milestones you need to achieve, thoughtful allocation of how much capital each milestone will require, and the traction they will provide if you succeed says a lot more than a broad request for any amount.
I am very interested in being a part of the Genesis Program team that supports the hands on, applied learning venture capital analytics and investment roles. How do I get involved?
The Genesis Program team is composed of energetic, hardworking and tenacious students, alumni and professionals who support multiple aspects of the program operations and investment due diligence process. Activities include evaluating potential investments, researching and analyzing business plans, markets and financial metrics, and developing processes to increase the readiness and preparedness of high potential ventures. If this sounds like you, reach out to Katherine Allen, Director of Impact, at firstname.lastname@example.org.
When can I expect to hear back after I submit my application?
We aim to let students know if they have progressed past the first round of diligence 2-4 weeks after their application is complete. Time to distribute capital award will vary case by case as we execute due diligence.