Venture Mentoring Service
The Venture Mentoring
Service (VMS) program at MD Anderson Cancer
Center is an initiative in collaboration with the University of Texas
System Office of Innovation and Strategic Investment (OISI) that
provides University of Texas (UT) innovators and entrepreneurs access
to experienced mentors in order to accelerate and support
commercialization and entrepreneurship in a scalable manner.
The program launched in 2017 on the belief that a venture is far more likely to thrive when an entrepreneur with an idea can draw on the advice and guidance of a group of mentors with proven skill and experience. Through active support of entrepreneurs, VMS contributes to the entrepreneurship education strengthening University of Texas institutions role as leaders in innovation.
VMS is a sister program of the Massachusetts Institute of Technology (MIT) Venture Mentoring Service, the methodology used at MIT is being replicated at MD Anderson in an effort to support academic ventures.
Frequently Asked Questions
Who are the mentors that make up VMS?
Mentors are all volunteers, extremely experienced, and want to help other rising entrepreneurs be successful. A group of three business mentors will be assigned to every venture.
What is unique about the mentoring sessions with VMS?
Our “Guiding Principles” and professional operations create a safe environment for mentors, entrepreneurs, and participating institutions.
Who can apply?
Ventures that have a University of Texas relationship (UT students, faculty, alumni, company collaborations with UT researchers, etc.)
Is there a cost or do you take equity?
No, mentors are all volunteers and are happy to help
How do you protect my idea?
All mentors and ventures sign a "Shared Values" document creating a conflict-free, confidential, and safe environment for mentors and entrepreneurs
What happens after I apply?
Your venture will be discussed in a review panel and a final decision will be communicated to your team via email
I am interested in being a mentor, how can I apply?
Mentor applications are not open to the public and only by referral. If you would like to learn more and apply to be a mentor please contact Anshuj Deva