(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
The UTSA community is invited to a Community Networking event to celebrate UTSA community members who are the first in their families to go to college.
H-E-B University Center Ballroom (HUC 1.104), Main Campus
The Honors College welcomes all new freshmen to UTSA. Join them for breakfast and meet Honors College administrators, staff, and connect with other new Honors students.
University Center, Denman Room (UC 2.01.28), Main Campus
Convocation is UTSA’s ceremony to launch the new academic year. Attendance is mandatory for all incoming freshmen because it marks the first step students will take in their higher education journey of discovery. It is also highly recommended for transfer students as they continue their higher education journey at UTSA and become members of the Roadrunner Family.
Convocation Center, Main Campus
Visit your College to explore your major before the first day of classes.
Various locations, Main and Downtown Campuses
Successful first-year students at UTSA are those who learn how to utilize resources, recognize and resolve problems, and prepare themselves to take advantage of their time on campus. The Student Success Series promotes this achievement by offering workshops on the common concerns and questions first-year students have during their transition to university life.
University Center Retama Auditorium (UC 2.02.02), Main Campus
The Fraternity & Sorority Councils New Member Information Session gives students information about the diverse organizations, their membership requirements, the benefits of joining a fraternity or sorority, as well as discussing important information about hazing guidelines and the responsibilities of joining these types of organizations.
University Center, Retama Auditorium (UC 2.02.02), Main Campus
Come be a part of your official Class of 2021 picture! The entire freshmen class gather at the Recreation Field Complex which some may know as the UTSA Football Practice Field behind the Softball Complex and Alvarez Hall.
Recreation Field Complex, Main Campus
Come show your Roadrunner Spirit by joining our very own Rowdy, The Spirit of San Antonio Marching Band (SOSA), your fellow students, faculty and staff as we light the Monument at our Main Campus entrance at the stroke of midnight to mark the start of a new academic year.
John Peace Blvd. entrance, Main Campus
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.