(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.
Graduate School representatives from across the country will provide information on options after earning a bachelor's degree. Students, alumni and community members are welcome.
University Center Retama Galleria, Main Campus
Kickstart your career as an entrepreneur at the UTSA Center for Innovation, Technology and Entrepreneurship Boot Camp.
Business Building, Richard S. Liu Auditorium (BB 2.01.02), Main Campus
The UTSA College of Architecture, Construction and Planning, in partnership with AIA San Antonio’s Latinos in Architecture, presents architect Andrés Jaque, founder of the Office for Political Innovation, an architectural practice dually based in New York and Madrid.
Buena Vista Building, Aula Canaria Lecture Hall (BV 1.328), Downtown Campus
Looking for a good read? Shop for yourself or for gifts and help change a life at the same time. Browse and buy children’s stories, novels and more at the 2015 SECC Book Sale.
Sombrilla Plaza, Main Campus
The UTSA Music Department presents Emmy-award winning Composer Larry Groupe. Groupe has composed music for films such as "The Contender," "Straw Dogs" and "Miami Vice," and TV shows such as "Star Trek: The Next Generation," "Ren and Stimpy" and "American Gladiators." Lecture is free and open to the public.
Arts Building (ART 2.03.15-18), Main Campus
Performer, conductor will teach multidisciplinary courses in music marketing
As touch screens and e-books demand more and more attention from both casual readers and scholars, many people say the handwriting is on the wall for the printed page.
At UTSA, the handwriting is on the wall for a library that doesn't have any printed books.
Since March 2010, the bookless library in the Applied Engineering and Technology Building has given UTSA students an innovative way to read, research and work with each other to solve problems.
With ultra-modern furniture and a décor featuring desktop computers, scanners and LCD screens, the AET Library is designed to engage students in an online format. But it also offers group study niches and study rooms with whiteboards and glass walls on which students can write. The space encourages teamwork, communications and problem solving for the next generation of scientists and professional engineers.
Did you know? The UTSA AET Library is the nation's first completely bookless library on a college or university campus. It served as a model for Bexar County's first-in-the-nation public bookless library system and one of its branches, the Dr. Ricardo Romo BiblioTech.
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.