(May 29, 2014) -- Cardiovate, a biomedical technology company that got its start in the labs of The University of Texas at San Antonio (UTSA), has completed a patent and technology license agreement with UTSA and the UT Health Science Center San Antonio, which will allow the company the access required to continue its research and product development initiatives. In addition, the company, known for its innovative graft technology, has hired Mark Standeford as its new CEO.
Standeford is a 27-year veteran of the medical device industry, who has successfully developed and commercialized more than 35 new devices that have generated billions of dollars in incremental revenue. Before joining Cardiovate, Standeford held key positions at KCI and Hill-Rom, and served as president of M&C Services, a business consulting practice. In each of these positions, he was responsible for setting strategy and leading company growth through innovative new products and business development opportunities.
"The ability to help treat and heal the body is the basis for health care," said Standeford. "The technology developed by Cardiovate will better address the tissue regeneration needs that exist by providing a product that has the benefits of a synthetic with the physiological outcomes of a biologic. Better healing with lower risks and treatment costs are key objectives with these products. This will allow us to develop a portfolio of opportunities that will generate considerable value for patients, clinicians and for the company."
Cardiovate was founded in 2012 by UTSA alumna Jordan Kaufmann, UTSA biomedical engineering professor; Mauli Agrawal, UTSA vice president for research; and Steven Bailey, M.D., division chief for cardiology in the UT Health Science Center San Antonio School of Medicine. Kaufmann developed the graft as part of her doctoral research with the support of faulty advisers Agrawal and Bailey, who now serve on the Cardiovate board of directors.
In 2012, Kaufmann won the University of Texas Horizon Fund Student Investment Competition, which came with $50,000 in seed funding. In 2013 at the Innotech Conference, she won the pitch competition at the Emerging Medical Technology Symposium. Cardiovate currently operates out of the New Venture Incubator, a 3,000-square-foot wet lab at the UTSA Main Campus managed by the UTSA Center for Innovation and Technology Entrepreneurship for the purpose of hosting emerging technology and biomedical device companies.
"UTSA has been fostering the creation of faculty and student startups for several years and Cardiovate is a prime example of a successful research collaboration between UTSA and UTHSCSA that has made the transition to a startup company," said Cory Hallam, UTSA chief commercialization officer. "Cardiovate has been incubated in UTSA's New Venture Incubator and received an initial $50,000 investment from the UT Horizon Fund, all key actions leading to the hiring of a seasoned CEO and management team that will propel the technology and company forward."
For more information, visit the UTSA Office of Commercialization and Innovation website.
Cardiovate is a medical technology company that targets transformational health care opportunities in tissue regeneration through the development of novel products that utilize proprietary materials and processes along with a deep understanding of clinical needs.
The University of Texas at San Antonio (UTSA) is an emerging Tier One research institution specializing in health, energy, security, sustainability, and human and social development. With nearly 29,000 students, it is the largest university in the San Antonio metropolitan region. UTSA advances knowledge through research and discovery, teaching and learning, community engagement and public service. The university 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.
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
The theme of this year’s symposium is Black & Brown Futures. The free event will give UTSA students and the community the opportunity to meet and hear national scholars talk about current research and academic trends relevant to the lives of African Americans in the United States.
Student Union, Denman Room (SU 2.01.28), Main 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
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.
To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.