(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.
All UTSA faculty, staff and students are invited to attend open forums featuring finalist candidates for the dean of the UTSA College of Sciences.
Various Locations, Main Campus
UTSA is an early voting site for the statewide General Election.
H-E-B Student Union Bexar Room (HSU 1.102), Main Campus
More than 75 local, state and national graduate and professional schools will showcase their programs at the Main Campus. It's free and open to the public. Interested attendees are encouraged to register for the event in advance.
Sombrilla Plaza, Main Campus
UTSA Associate Professor of Anthropology Jill Fleuriet will moderate a neutral dialogue on what is and what is not protected as free speech, what constitutes hate speech and a university's role in supporting free speech on their respective campus.
Student Union Retama Auditorium (SU 2.02.02), Main Campus
Hosted by the UTSA Office of Information Technology Student Innovation Coalition, Tech Talk is a forum for students to share thoughts about technology on campus with IT professionals and learn about products and services available to help them succeed.
Student Union Denman Room (SU 2.01.28), Main Campus
UTSA Libraries will host Claudia García-Louis, assistant professor, at the Downtown Library for her presentation AfroLatinxs: Navigating Blackness and Latinidad in the Age of Trump, as part of the popular Pizza and Research series.
Buena Vista Street Building Downtown Library (BVB 2.314), Downtown Campus
UTSA faculty, staff and students are invited to hear preliminary findings from the UTSA Campus Master Plan Discovery Survey and to offer students, faculty and staff another opportunity to provide input and ask questions about the initiative.
Buena Vista Street Building Theater (BVB 1.326), Downtown Campus
UTSA faculty, staff and students are invited to hear preliminary findings from the UTSA Campus Master Plan Discovery Survey. The faculty and staff forum is from 11am-noon in the Harris Room and the forum for students is from noon-1pm in the Travis Room.
H-E-B Student Union (HSU 2.212 and HSU 2.202), 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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