(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 UTSA Department of Modern Languages and Literatures is a co-sponsor of the CARTA 19th Annual Conference. The group meets annually to exchange educational programs, ideas, and techniques and to network with other teachers of Russian. Registration required.
DoubleTree by Hilton, Downtown San Antonio
Into the Woods is a musically sophisticated show with a leaning towards dark comedy. Dr. William McCrary directs. $15 tickets $10 students military seniors 55+ with IDs $8 groups of ten or more in any price level. There will be a second show Sunday, April 2 at 3 p.m.
Arts Building, Recital Hall (ARTS 2.03.02), Main Campus
UTSA faculty, staff and students are members of the Helotes Area Community Band and are proud to present a special Tapestry of Concert Band Classics. The event is free and open to the community.
John Marshall High School Auditorium, 8000 Lobo Lane, San Antonio
A record number of candidates are running for the San Antonio City Council's District 5 seat. Come hear what they have to say. Event hosted by the UTSA College of Public Policy and League of Women Voters, in partnership with PASO and Alpha Phi Sigma.
Buena Vista Street Building, Aula Canaria (BVB 1.328), Downtown Campus
The former EPA Chief Statistician and current ASA president, Dr. Barry Nussbaum will talk about how statistics can make a big difference in influencing decisions and actions. Example include the court cases and material presented to the US president.
John Peace Library, Assembly Room (JPL 4.04.22), Main Campus
The UTSA African American Studies Program invites everyone to hear guest speaker Dr. Elaine Richardson, professor of literacy studies at The Ohio State University.
Durango Building, Southwest Room (DB 1.124), Downtown Campus
Join the Department of Kinesiology, Health, and Nutrition for a free lecture on molecular maps for physical activity presented by Dr. Blake Rasmussen, professor from the University of Texas Health Science Center, Medical Branch.
John Peace Library, Assembly Room (JPL 4.04.22), Main Campus
Workshops, presentations and product demos led by OIT staff as well as industry IT professionals including Apple, Microsoft, Qualtrics, and MathWorks, and a keynote presentation. Open to all UTSA students, faculty, and staff. Register today.
H-E-B University Center Ballroom (HUC 1.104), 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.
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