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ACCELERATE YOUR IDEA

McCombs Entrepreneur Summer Fellowship

The McCombs Entrepreneur Summer Fellowship (MESF), funded by the generous support of alumni donors and the Herb Kelleher Entrepreneurship Center, enables innovative students to continue building their startups during the summer.

First-year MBAs and undergraduate students with four semesters of course work who are actively working on a startup are eligible to apply.

Applicants working on any stage of startup development from ideation to scaling are eligible to apply.

The next MESF application cycle will begin in spring 2022

Don't Let Your Startup's Progress Stall Over the Summer


[WHO SHOULD APPLY]

– First-Year MBA (full-time/working professional/executive)

– UT undergraduate students who have completed four semesters of undergraduate coursework. Non-business undergrads are eligible to apply.

– Applicants working on any stage of startup development from ideation to scaling are eligible to apply.

– Competitive applicants should have a well thought-out business plan, persuasive pitch, attainable milestones and metrics, and an infectious passion for their vision.

Note: The fellowship is a grant to the founder, not the company, so no equity will be sought or conveyed by the McCombs School of Business or the Herb Kelleher Entrepreneurship Center.


[KEY STEPS]

APPLICATION REQUIREMENTS
60 second video pitch (uploaded to YouTube or Vimeo)
10 minute video pitch (uploaded to YouTube or Vimeo)
Solicited faculty advisor for the summer (no time commitment required)
Complete the online application: http://bit.ly/MESF2021.

SELECTION CRITERIA
Stage of development
Minimum Viable Product or Prototype
Milestones for the summer
Allocation of funds
Impact of fellowship on venture’s development


[WHAT’S UP-FOR-GRABS]

MBAs (up to two grants)
$5,000 Fellowship Stipend

UNDERGRADUATES (up to five grants)
$3,000 Fellowship Stipend


[PLEASE READ]

Financial awards will be paid to an individual student for the Summer 2021 semester, not the startup listed in the application. An increase in resources, including a financial award as a result of performance in the McCombs Summer Entrepreneurship Fellowships, may result in a reduction or cancellation of financial aid funds or a requirement to repay awards already released to students. Financial awards may also be used to pay outstanding payments owed to the university. If you receive financial aid or owe money to the university, you should reach out to the Office of Financial Aid and Scholarships or Students Accounts Receivable to determine how winning a cash award through the McCombs Entrepreneur Summer Fellowship would impact money owed to UT or your financial aid status.

Due to university policies restricting programs, gatherings, and events on campus in order to mitigate the spread of COVID-19 within the UT Community, we will not be holding in-person pitches as part of the Fellowship application process. Decisions regarding Fellowship awards will be made using students’ submitted applications, which includes uploading a link to your filmed pitch.


[F.A.Q.]

Who is eligible to apply?
Undergraduate students of any major are eligible to apply for a summer fellowship. Additionally, first-year students enrolled in the full-time MBA program, the Executive MBA program, the Evening MBA Program, and the Dallas and Houston MBA programs are eligible to apply. Students graduating in May or August 2021 are not eligible to apply for a summer fellowship.

What is the deadline to submit my application?
Applications must be submitted by 11:59pm on Friday, April 9, 2021.

How can I access the application?
The application can be accessed via Reviewr: http://bit.ly/MESF2021.

What information is requested on the application?
Students will be required to submit information surrounding their startup’s progress, including, but not limited to, the problem your startup solves, an outline of how your solution addresses the problem, current financial projections, and what key performance indicators students hope to accomplish with the support provided by the fellowship. Additionally, students will need to upload a pre-recorded 1-minute elevator pitch and a 10-minute pre-recorded pitch with pitch deck.

What should I do if I am unable to answer all questions on the application?
We understand that students applying for fellowships have startups at different stages of development. Please respond completely to all questions you are able to answer and skip any questions that are not currently relevant to your startup.

How are applications reviewed?
Applications will be judged on the identified problem and solution presented by the founder. Additionally, judges will review the perceived feasibility of the startup and the investment opportunity presented by the startup concept.

When will decisions be released?
Final fellowship decisions will be released by Friday, May 7, 2021. An email will be sent from the Herb Kelleher Entrepreneurship Center to all applicants.

What are the requirements associated with receiving an application?
Students who receive a fellowship will be required to submit a thank you letter to the donors who contributed to the support of their fellowship. Additional information on this requirement will be sent to selected students.

How can receiving a fellowship impact my financial status with the university?
Fellowships will be paid to an individual student for the Summer 2021 semester, not the startup listed in the application. An increase in resources, including a financial award as a result of performance in the McCombs Summer Entrepreneurship Fellowship, may result in a reduction or cancellation of financial aid funds or a requirement to repay awards already released to students. Financial awards may be used to pay outstanding payments owed to the university. If you receive financial aid or owe money to the university, you should reach out to the Office of Financial Aid and Scholarships or Students Accounts Receivable to determine how winning a cash award through the McCombs Entrepreneur Summer Fellowship would impact money owed to UT or your financial aid status.

Summer Fellowship 2020 in Review

Summers for college students are traditionally reserved for working internships for job placement or taking classes to get ahead on a degree. For the seven teams of undergraduate and graduate students that took part in the McCombs Entrepreneur Summer Fellowship (MESF), Summer 2020 looked a lot different. These students spent the summer working on their existing startups, from a payment management platform to a healthier alternative for pre-packed lunches, with generous support from alumni donors and the Herb Kelleher Entrepreneurship Center taking their side hustles to the next level.