(April 27, 2011)--UMDI, a team of four engineering students and three business students who developed a prototype electrolytic gastric leak detector (eGLD) and wrote a business plan to market the technology, triumphed last weekend at the $100,000 Student Technology Venture Competition, presented by the UTSA Center for Innovation and Technology Entrepreneurship (CITE).
The technology, a smart drain with electricity-detecting sensors, monitors and reports the balance of electrolytes in patients undergoing gastric bypass surgery.
UTSA teams ATALIS and Voice Detection for the Deaf respectively placed second and third in the business planning competition, held Saturday, April 23 at the UTSA Downtown Campus.
ATALIS offered an RFID-based (radio frequency identification) technology that identifies and weighs bottles stocked by business and bar owners in real-time to determine if the correct amount and type of alcohol is used for a particular drink and to determine if the charge is correct.
Voice Detection for the Deaf offered a mobile technology to assist in the awareness of surroundings of the deaf and hard of hearing by integrating an alerting wristband with a mobile phone application.
Rudy De La Garza, CFO of the IDEA Finishing School, now has judged three iterations of UTSA's $100K tech competition. His company identifies new entrepreneurial talent and helps those young entrepreneurs develop their companies and take them to market.
"This year's presentations were probably the best of all the presentations they've had in the past," said De La Garza. "We like the technology we see out of UTSA."
Nine student teams competed last weekend at UTSA's $100,000 Student Technology Venture Competition. The six other competitors included:
UTSA's biannual tech competition is the largest business-planning competition in San Antonio. UTSA established the event in 2007, when it was observed that its engineering students were developing new technologies and business students were writing business plans, but neither group of students continued 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. Teams in the competition are judged by local academic, business and entrepreneurial experts on their technology, business plans and presentations.
"The final test of the competition is the venture pitch portion of the competition," said Cory Hallam, director of CITE. "Each team is given the stage for eight minutes to convince investors to invest in their company. At this year's competition, investment discussions were initiated between a local investment group and several of the teams the morning of the competition. The outcome remains to be seen, but looks positive."
Winners receive $100,000 in services and prizes including consulting, marketing and legal services, office space and other benefits.
The $100,000 Student Technology Venture Competition was sponsored the Texas Research and Technology Foundation, Cox | Smith, Harvard Business School Club of San Antonio, San Antonio Technology Center, Startech, UTSA College of Business and UTSA College of Engineering.
About the UTSA Center for Innovation and Technology Entrepreneurship
The Center for Innovate and Technology Entrepreneurship (CITE) is an interdisciplinary center in the UTSA College of Business and College of Engineering. The center fosters the growth of entrepreneurs and new technology-based ventures through education, experiences, resources and support.
This 3-day workshop features lectures & practical exercises designed for English-Spanish interpreters in legal settings. Hosted by the Graduate Certificate in Translation & Interpreting Studies of the Dept. of Modern Languages & Literatures.
McKinney Humanities Building (MH 3.01.28), Main Campus
The UTSA East Asia Institute hosts District 8 City Councilman Ron Nirenberg who will discuss his recent trip to China for the 8th annual Sister Cities International forum. He will discuss how these conversations help citizens connect in an increasingly global world to exchange ideas and tackle issues affecting all of us.
University Center, Denman Room (UC 2.01.28), Main Campus
Dr. Gaye Theresa Johnson, associate professor of Chicana and Chicano Studies, and African American Studies, at the University of California at Los Angeles is the guest speaker at this free, open event. Johnson is also the author of "Spaces of Conflict Sounds of Solidarity: Music, Race, and Spacial Entitlement in Los Angeles" and "Futures of Black Radicalism."
University Center, Denman Room (UC 02.01.28), Main Campus
The UTSA Consortium for Social Transformation; African American Studies Program presents guest speaker Dr. Gaye Theresa Johnson, associate professor of Chicana and Chicano Studies, and African American Studies, University of California at Los Angelesand author of "Spaces of Conflict Sounds of Solidarity: Music, Race, and Spacial Entitlement in Los Angeles" and "Futures of Black Radicalism." The event is free and open to the public.
University Center, Denman Room (UC 2.01.28), Main Campus
Grab your friends, family, kids and dog for this annual fun run on the UTSA Main Campus benefititng the UTSA Alumni Association.
Convocation Center, Main Campus
Join the Department of Interdisciplinary Learning and Teaching for the 13th annual Storytelling Festival. The festival will feature keynote speaker Carolina Quiroga-Stultz, a Colombian Storyteller and journalist. This event is free and open to the public.
Main Building, ground floor, Main Campus
The IDS Colloquium showcases the excellent scholarship done by the IDS students in the College of Education and Human Development at UTSA. In addition, this event also honors the legacy of Dr. Marian Martinello.
Business Building, University Room (BB 2.06.04), Main Campus
UTSA welcomes the Italian-born duo Bandini-Chiacchiaretta. They've toured the world performing Argentine Tango music on guitar and bandoneon, the instrument of Astor Piazzolla. Tickets are $10 or free with UTSA Student I.D.
Arts Building, Recital Hall (Arts 2.03.02), Main Campus
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