(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.
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
Join the Department of Interdisciplinary Learning and Teaching for the 13th annual Storytelling Festival. The festival will feature keynote speaker Carolina Quiroga-Stultz, a Colombian Storyteller and journalist. This event is free and open to the public.
Main Building, ground floor, Main Campus
The IDS Colloquium showcases the excellent scholarship done by the IDS students in the College of Education and Human Development at UTSA. In addition, this event also honors the legacy of Dr. Marian Martinello.
Business Building, University Room (BB 2.06.04), Main Campus
The Department of Biology and the Be the Match Team will collaborate to engage and educate our students in the importance of a life saving donation through peripheral blood stem cells and a marrow harvest.
UC Paseo and Central Plaza, Main Campus
UTSA welcomes the Italian-born duo Bandini-Chiacchiaretta. They've toured the world performing Argentine Tango music on guitar and bandoneon, the instrument of Astor Piazzolla. Tickets are $10 or free with UTSA Student I.D.
Arts Building, Recital Hall (ARTS 2.03.02), Main Campus
This an annual event is open to any student who wants to participate It includes a presentation about current events and issues involving East Asia. This event is meant to deepen understanding and to raise awareness of what is currently happening in East Asia.
Business Building, University Room (BB 2.06.04), Main Campus
Join the Women’s Studies Institute and Women’s Studies Program as we celebrate our fourteenth year of Women’s History Month at UTSA. During our program, we will award Olga Madrid as the 2017 Women’s Advocate of the Year.
H-E-B University Center, Travis Room (HUC 2.202), Main Campus
Solomon’s House, presented by Sara Cusimano Miles, explores the collections repository of the Anniston Museum of Natural History in Alabama. It's free and open to the public.
Arts Building (ARTS 3.01.18 B), 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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