UTSA students compete for $100K in prizes in technology venture competition

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(April 27, 2012) -- UTSA business and engineering students will compete for $100,000 in prizes at San Antonio's largest business planning competition, the UTSA $100K Student Technology Venture Competition from 9 a.m. to 3 p.m., Saturday, April 28 in the Business Building Richard S. Liu Auditorium (2.01.02) at the UTSA Main Campus. The event is free and open to the public.

Public viewing of technologies is scheduled for the morning and venture pitches will be from 12:30 to 3 p.m.

The biannual competition, hosted by the UTSA Center for Innovation and Technology Entrepreneurship (CITE), promotes student entrepreneurship by pairing engineering students who create new technologies with business students who create business plans to market those technologies through a viable start-up.

Nine teams of UTSA business and engineering students are competing in this year's contest. Their companies represent a variety of new technologies including medical devices, electronic management of devices in the home, energy savers, construction and software. The teams will be judged by local academics, business and entrepreneurial experts based on their business plans, new technology and the team presentation. At the close of the daylong competition, some of the winning teams will have the opportunity to start their companies and sell their technologies.

"Since its inception, the UTSA CITE remains focused on coordinating resources in support of early venture creation within the university or in collaboration with local companies," said Cory Hallam, CITE director. "Our competition is a culmination of these efforts as we witness our students execute their visions into feasible business ventures."

The founding sponsor of the competition is the Texas Research Technology Foundation. New and continuing sponsors include Cox Smith Attorneys, Harvard Business School Club of San Antonio, San Antonio Technology Center, UTSA College of Business, UTSA College of Engineering and UTSA Office of the Vice President for Research.

CITE is an interdisciplinary center in the UTSA College of Business and the College of Engineering. The center focuses on fostering the growth of entrepreneurs and new technology-based ventures through a process of education, experiences, resources and support.