The Uniandes Venture Labs Investment Competition Colombia (UA-VLIC) provides a challenging environment where MBA and graduate students present their business ventures before a group of judges from the investor community. The objective of the competition is to help these ventures accelerate in their path towards raising capital and becoming high growth, competitive companies.
The competition is organized by the Universidad de Los Andes School of Management in Bogotá, Colombia and was founded in 2008. Since 2011, we have forged an alliance with Ventures, the largest business plan competition in Colombia, where the UA-VLIC is the International Track within the Ventures system, open to MBAs and graduate students from Colombian and international universities.
The winning team at the UA-VLIC gains the right to participate in the Global Venture Labs Investment Competition (Global-VLIC), which takes place every year at the at the University of Texas at Austin, in the United States. The winning team also earns a prize of US$3.000.
The competition seeks to encourage entrepreneurially oriented graduate students to develop and grow new ventures based either on their own ideas and technologies or those developed by others, including faculty members at their respective colleges and universities. The competition also provides the participating graduate students with forums in which they develop skill in pitching their ventures to investors and receive constructive feedback for increasing the probability of successfully launching their ventures.
Texas Venture Labs
The Texas Venture Labs investment competition allows MBAs and other graduate students from around the world to launch their ventures by raising capital. This competition parallels the real-world process and realities of developing and launching a venture backed company.
Texas Venture Labs is today the premier world-wide investment competition and is hosted annually at The University of Texas at Austin.
The competition was founded in 1984 under the name of Moot Corp (the name changed to Texas Venture Labs in 2010). Today, Texas Venture Labs hosts competing teams from 22 regional competitions in three continents.