(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.
MuTe Fest is a celebration of original music and technology. Three days of concerts, sessions, and informative lectures will offer a unique experience of musical works created by fellow UTSA students and the chance to gain valuable knowledge about music technology.
Art Building, Music Tech Lab (Arts 3.01.30B), Main Campus
The conference will showcase the works of authors, illustrators, and scholars which embody Latino culture and art as a means to promote literacy and reading in Latino children.
Durango Building, first floor, Downtown Campus
Registration is open now for this family-friendly and dog-friendly run that supports the UTSA Alumni Association scholarship fund.
Convocation Center, Main Campus
Join the Department of Interdisciplinary Learning and Teaching for the 14th Annual UTSA Storytelling Festival featuring Nancy Simpson, storyteller and keynote speaker. The event is free and open to the public.
Main Building, Ground Floor Lobby, Main Campus
Students are invited to a semi-formal, dinner banquet with an awards presentation and dancing. Keynote speaker will be San Antonio City Councilman William Cruz Shaw. Tickets must be purchased by Feb 19 at Roadrunner Express. UTSA students are $15 and guests are $20.
H-E-B Student Union Ballroom (HSU 1.104/1.106), Main Campus
Dr. Don Jenkins from UT Health SA will lead this event UTSA with up to 30 certified STB trainers, and train up to 300 UTSA students and personnel in stop the bleed methods.
H-E-B Student Union Ballroom (HSU 1.106), Main Campus
Get to know more about the Bexar County Criminal District Court candidates' stance on the issues before voting in the primary election on March 6.
Buena Vista Street Building, Aula Canaria (BVB 1.328), Downtown Campus
As part of RecycleMania,UTSA will provide sensitive document shredding services for the UTSA community. Bring documents to the parking lot between Student Union & Ximenes Avenue Garage. Document pick up also available for the Downtown and Hemisfair Campuses.
H-E-B Student Union parking lot, Main Campus
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