(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.
The College of Public Policy and the Office for Community Services present a 100th anniversary salute to the late Congressman Henry B. Gonzalez. A distinguished panel will discuss Gonzalez's historical impact. Free and open to the public.
Aula Canaria Lecture Hall (BV 1.328) , Downtown Campus
Student posters will present case studies based on practicum experiences, literature reviews on topics relevant to educational psychology, and other research experiences this year. The event is free and open to the public.
Durango Building (1.124), Downtown Campus
This end-of-semester concert will feature the 3rd through 8th grade students who have participated in the UTSA String Project this year. The event is free and open to the public.
Buena Vista Theater, Downtown Campus
The UTSA Department of Physics and Astronomy, Curtis Vaughan Observatory invites everyone to join them for their monthly stargazing event on top of the Flawn Science Building
Flawn Science Building, Curtis Vaughan Observatory, Main Campus
This three-day event will focus on the tools, tactics and motives involved in computer and network attacks. Attendees from around the world will take part in world-class hands-on trainings and technical discussions.
H-E-B University Center Ballroom, Main Campus
Visit with faculty, alumni and students to discuss the benefits of and requirements for a Master Degree in Public Administration and/or the Graduate Certificate in Nonprofit Administration & Leadership
Buena Vista Building (1.338), Downtown Campus
UTSA Spring Commencement ceremony for the College of Architecture, Construction and Planning, the College of Education and Human Development and the College of Sciences.
UTSA Spring Commencement ceremony for the College of Business, the College of Public Policy and University College.
UTSA Spring Commencement ceremony for the College of Engineering and the College of Liberal and Fine Arts.
The UTSA community is invited to honor the roughly 2,600 UTSA staff members who contribute to the success of the university and its students.
University Center Ballroom, Main Campus
Join UTSA faculty and staff, current students, and area central office administrators/program alumni to learn about this exciting accelerated and web-enhanced program leading to Texas Superintendent Certification. The event is free and open to the public.
Buena Vista Building (1.322), Downtown Campus
Rosales credits UTSA for guiding him from music to Wall Street
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