(May 6, 2014) -- Mediflow, a team comprised of seven undergraduates, triumphed at the $100K Student Technology Venture Competition presented by the UTSA Center for Innovation and Technology Entrepreneurship (CITE). The UTSA students developed a prototype sleep apnea device and wrote a business plan to market the technology.
UTSA competitors Velox Medical and Vitalassure respectively placed second and third in the business planning competition at the UTSA Main Campus.
It is estimated that 22 million Americans suffer from sleep apnea, a disease that prevents a person from getting solid sleep. Left untreated, sleep apnea can lead to high blood pressure, chronic heart failure, atrial fibrillation, stroke, type 2 diabetes, depression, traffic accidents and other sleep-deprivation related accidents.
The Mediflow team developed a commercially viable business plan for a CPAP (continuous positive airway pressure) device that is smaller, more mobile, and aims to be more comfortable than other CPAP devices currently on the market. It integrates the blower into the facial mask itself and the power supply attaches to the body, which eliminates the need for a hose and anchored power supply.
Mediflow includes undergraduate engineering majors Joseph Barrios, Eluid Gutierrez, Aaron Mosqueda and Maxim Perkins and undergraduate business majors Nancy Perdicho, Spencer Reynolds and Kaleigh Simms. The Mediflow team won $2,000 cash and several in-kind business resources.
"It feels amazing to win, and it's great to see our hard work pay off," said Spencer Reynolds, senior business management student. "Everyone put in a lot of hours. We're really excited about this product and are hopeful for its future."
"Mentoring this group was a fantastic experience," said San Antonio medical device consultant Mark Standeford, who served as Mediflow's business mentor for the competition. "They identified a good opportunity, structured a good business plan around that opportunity, and even if they hadn't won first place, they would have a winning commercial product."
Second-place winner Velox Medical developed a device that aids in endovascular surgery and recovery for a patient who has had a brain aneurysm. The team includes engineering majors Andrew Casterlin, Ivana Escobar, Derek Kohlenberg and Noel Manuel, business majors Jon Ambach and James Whetstone, and mentor Neal Vail. The Velox Medical team won $1,000 cash and several in-kind business resources.
Third-place winner Vitalassure developed a wireless device that monitors the flow of IV fluid to a patient. The team includes engineering major Jacob Kantor, business majors Luis Gonzalez and Greg Bishop, and mentor Ian Clements. The Vitalassure team won $500 cash and several in-kind business resources.
During the competition, local academic, business and entrepreneurial experts judged the teams on their technology, business plan and presentation.
This year's judges included Patrick R. Condon and Dirk Elmendorf, co-founders of Rackspace; Gary Frashier, president of Management Associates; Randall Goldsmith, investor in residence for the Texas Technology Development Center; Lorenzo Gomez III, executive director of the 80/20 Foundation; Teryn Grater of ATKG CPAs LLP; George E. Karutz Sr. of Karutz Capital and Texas Research & Technology Foundation; Norman L. Jacobson, owner of iMageDent Management and Development Services; and Peter Savas, CEO of StemBioSys Inc.
The other teams included:
"UTSA has established itself as San Antonio's university pipeline for young tech entrepreneurs," said Cory Hallam, UTSA chief commercialization officer and CITE director. "This competition highlights the skills these students have honed during their undergraduate degrees, under the watchful eye and guidance of great faculty like Professors Allo, Johnson, Leffel and Simonis. Their successes will enable us to continue to grow tech entrepreneurship at UTSA for years to come."
Established in 2007 and held semi-annually, the $100K Student Technology Venture Competition offers UTSA's undergraduate senior business and engineering students the opportunity to build a technology, patent it, create a business and launch it in a rigorous incubator program. The top three teams have access to a prize pool of more than $100,000 in funding and in-kind services to launch their new companies.
The founding sponsor of the competition is the Texas Research Technology Foundation (TRTF). New and continuing sponsors include Cox|Smith, Rackspace and the San Antonio Technology Center, and is supported by the following UTSA entities: College of Business, College of Engineering and Office of the Vice President for Research.
For more information, visit the UTSA Center for Innovation and Technology Entrepreneurship website.
The CACP 2016-2017 Speaker Series continues with architect and writer Jason Griffiths of the University of Arizona and Jason Griffiths Architecture. His practice is based on a multidisciplinary approach.
Buena Vista Building, Aula Canaria Auditorium (BVB 1.328), Downtown Campus
UTSA's Department of Music hosts Dr. David Huron from Ohio State University as part of the Donald Hodges lecture series. Huron is a Canadian arts and humanities distinguished professor at Ohio State University.
John Peace Library, UTSA Faculty Center, (JPL 4.04.22), Main Campus
The UTSA community is encouraged to donate blood and save a life. Donors will also receive a free t-shirt.
H-E-B University Center parking lot, Main Campus
Dr. Stephanie Westney (violin) presents a concert of Mozart compositions as performed by herself and other talented musicians from the university and surrounding area. This concert is free and open to the public.
Arts Building, Recital Hall (ARTS 2.03.02), Main Campus
The Student Center for Community Engagement and Inclusion annually hosts a Volunteer Opportunities Fair to allow students, faculty and staff to learn about volunteer and service-learning opportunities in the San Antonio area.
University Center, 1st floor corridor, Main Campus
Join the conversation about the experiences of military-connected families in transition. Free parking in the Cattleman Square (along Buena Vista Street). The event is free and open to the public.
Frio Street Building, Riklin Auditorium (FS 1.406), Downtown Campus
School district superintendents and other district leaders responsible for bilingual and ESL programs' administration and accountability learn about cultural literacy, language, and diversity in the community.
Recruiters from across the STEM fields will be present with full-time, part-time and/or internship opportunities. Dress professional and bring plenty of resumes.
Convocation Center, Main Campus
Recruiters from across all fields looking to hire students with all different majors will be present at this event looking to hire for their full-time and/or internship opportunities. Professional dress is required. Bring plenty of resumes.
Convocation Center, Main Campus
The Civic Engagement Summit is an opportunity to celebrate and showcase UTSA's commitment to civic engagement through a myriad of efforts by students, faculty and staff, highlighting the significant ways the university impacts the local community.
H-E-B University Center Ballroom, (HUC 1.104), Main Campus
The Department of Demography presents Dr. Rodolfo Cruz Peñeiro of El Colegio de la Frontera Norte. His presentation is titled "Changes in the Migratory Dynamics of the Northern Mexican Border." This event is free and open to the public.
Monterrey Bldg., (MNT 3.240), UTSA Downtown Campus
Grab your friends, family, kids and dog for this annual fun run on the UTSA Main Campus benefititng the UTSA Alumni Association.
Convocation Center, Main Campus
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