The University of Texas at Austin Mentor Protégé Program Procedure
PURPOSE
To implement a Mentor Protégé Program to assist in fostering long-term relationships with prime contractors and Historically Underutilized Businesses (HUBs). The ultimate goal of the program is to provide developmental assistance to HUBs that will potentially increase their ability to contract directly with the State and/or to obtain subcontract opportunities under a state contract. Through the Mentor Protégé Program, The University of Texas at Austin will consider the cost effectiveness in broadening the pool to develop contract relationships between a mentor and a protégé.
SCOPE
The procedure applies to all potential Mentor and Protégé companies applying to The University at Austin for sponsorship.
RESPONSIBILITY
The University of Texas at Austin’s Historically Underutilized Business/Small Business office will implement and administer the Mentor Protégé Program in accordance with the adopted HUB Rules.
A. The University of Texas at Austin Mentor Protégé Program
It is the intent of The University’s Mentor Protégé Program to build effective working relationships between leaders of established companies, such as The University of Texas at Austin primary contract vendors, and emerging minority, women-owned and service disabled veteran owned companies, which will allow HUB companies to benefit from the knowledge and experience of the established firms.
1. Purpose and Objective of the University’s Mentor Protégé Program
To identify and overcome barriers that may inhibit or restrict the success of a HUB business by encouraging relationships with primary contractors/businesses, and to produce a broad base of high quality, competitive and profitable HUB companies through incremental improvement in their respective business practices.
2. Mission of the University’s Mentor Protégé Program
The mission of the Mentor Protégé Program has three key components:
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c) Increase the overall participation of HUBs in subcontracting
3. Program Goals
a) Develop protégé company’s competency in areas of identified need
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c) Increase the mentor company’s ability to identify potential firms that may be used as subcontractors for future contracts and increase its good faith efforts to utilize HUBs
B. Responsible Agency Personnel
HUB/SB staff is responsible for:
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