(Nov. 19, 2009)--UTSA business and engineering students are competing today for $100,000 in business-related services and prizes at San Antonio's largest business planning competition, the UTSA 100K Student Technology Venture Competition. Hosted by the UTSA Center for Innovation and Technology Entrepreneurship (CITE), the biannual event promotes entrepreneurship by pairing engineering students who create viable new technologies with business students who create business plans to market the technologies through a viable start-up.
Six teams of UTSA business and engineering students are competing in this year's event. Their companies represent a variety of new technologies with applications in transportation, health, fire safety and mining. The teams will be judged by local academic, business and entrepreneurial experts on their business plans, new technology and presentations. At the close of the daylong competition, some of the winning teams will have the opportunity to sell their companies.
"To our knowledge, this is the largest new business competition in San Antonio," said Cory Hallam, CITE director. "Since our first competition two years ago, the business community has really stepped up to help our students launch their companies. With the help of our sponsors, we're now offering students $100,000 in services and prizes including consulting services, marketing services, office space and other benefits."
The competition is sponsored by the Texas Research Technology Foundation, Cox|Smith, Harvard Business School Club of San Antonio and San Antonio Technology Center. UTSA established the competition when faculty observed that UTSA engineering students were developing new technologies and business students were writing business plans, but neither group of students was doing anything with their efforts beyond turning in projects for a grade. With the competition in place, UTSA students now are developing marketable technologies and forming viable new companies based on those technologies, all before they graduate.
"The tech start-up competition is a great experience for our students," said Hallam. "The format gives them a chance to experience what it's like to be an entrepreneur -- before they graduate and before they have mortgages or bills to worry about."
About the competitors
UTSA open up the 2016 football season under new coach Frank Wilson at home. The Roadrunners host the Alabama State Hornets. Kick off is set for 6 p.m.
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John Peace Library (4.04.22), Main Campus
District 8 Councilman Ron Nirenberg and State Sen. José Menéndez host a Cultural Conversations event at the UTSA Institute of Texan Cultures to talk about issues of intolerance and ways to unify the community.
UTSA Institute of Texan Cultures
Known for her unique ability to make sophisticated numbers reveal simple truths, Talithia Williams explores how big data can be used to make smart decisions in education, business, and everyday situations.
Main Building Auditorium (MB 0.104), Main Campus
The UTSA International Conference on Aging inthe Americas seeks to address the important context in understanding how characteristics of physical, social and economic environments give rise to disparities in Latino health in older adults.
Durango Building, Southwest Room (DB 1.124), Downtown Campus
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UTSA Institute of Texan Cultures
The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.
To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.