(July 8, 2014) -- The UTSA Center for Innovation and Technology Entrepreneurship (CITE) has received $300,000 from the 80/20 Foundation to continue its growth as San Antonio's pipeline for young tech entrepreneurs. On the heels of becoming the first Texas university to receive distinction as a National Science Foundation Innovation Corps Site, UTSA's focus on technology entrepreneurship is about to expand even further.
"UTSA's entrepreneurship program has been the best kept secret in San Antonio for many years," said Lorenzo Gomez III, executive director of the 80/20 Foundation. "It is these students that will end up creating the next Rackspace and we hope that with our partnership we can accelerate and expand their great momentum."
Established in 2006 as an interdisciplinary center in the College of Business and College of Engineering, CITE fosters the growth of entrepreneurs and new technology-based ventures through education, experiences, resources and support. More than 500 UTSA students have competed in the center's technology business competition resulting in more than 80 new ventures pitched to investors. Several past competition winners have established start-up companies, secured funding, hired CEOs and are on their way toward commercial success. The center also fosters the more than 100 student-owned businesses on campus in the Roadrunner Business Incubator.
"With additional resources in place, we expect to see a sizable increase in the number of students and faculty involved in San Antonio tech start-up companies over the next few years," said Cory Hallam, UTSA chief commercialization officer, associate professor and CITE director. "We have built the foundation, now we are taking the next steps to create an even more robust entrepreneurial ecosystem at UTSA."
UTSA has appointed biomedical engineering assistant professor of research Teja Guda as assistant director of CITE. Representing the College of Engineering, Guda will work alongside current CITE assistant director Anita Leffel, who serves as the College of Business representative in her role as senior lecturer in the UTSA Department of Entrepreneurship and Technology Management.
In the coming months, CITE will hire a full-time program coordinator, who will manage the center through its growth phase. With the addition of a full-time center administrator, the faculty who have been coordinating the programs will be able to focus more on enhancing the technology entrepreneurship curriculum and building the resources available to UTSA students and faculty.
"I'm very much looking forward to making the UTSA College of Engineering a more integrated part of CITE and ensuring that our engineering students target pressing real-world challenges and come to naturally think about their innovations as having a possible life beyond the classroom," said Guda.
Guda specializes in the area of developing regenerative strategies for bone and skeletal muscle tissue engineering and works closely with the U.S. Army Institute of Surgical Research to translated these therapies to treat wounded warriors. He understands the important role engineers play in developing innovative products and technologies that could change the world and has developed an engineering course at UTSA on product development.
Guda earned his undergraduate degree in mechanical engineering at the Indian Institute of Technology in Bombay, India, and received his Ph.D. in biomedical engineering at UTSA through the joint program with the UT Health Science Center San Antonio. After completing postdoctoral research at Wake Forest Institute for Regenerative Medicine, he returned to San Antonio in 2011 to join the faculty of the UTSA Department of Biomedical Engineering.
CITE's signature programs include the semiannual $100K Student Technology Venture Competition and Technology Entrepreneurship Boot Camp. Additionally, CITE manages the Roadrunner Business Incubator for early-stage student companies and the New Venture Incubator for emerging technology and biomedical device companies. In May 2014, CITE was designated a National Science Foundation Innovation Corps Site, joining a national initiative to foster entrepreneurship that will lead to the commercialization of technology.
For more information, visit the UTSA Center for Innovation and Technology Entrepreneurship website.
The UTSA Interactive Technology Experience Center camps are for curious youth who are interested in STEM and related topics. This week, campers will study environmental science, robotics and computer science.
UTSA Main Campus
The Curtis Vaughan Observatory at UTSA will be having open stargazing every Wednesday night during the month. This event is free and open to the public.
Curtis Vaughan Observatory, UTSA Main Campus
In four sessions of this weeklong day camp for 9 to 13-year-olds, campers will participate in indoor and outdoor activities while exploring ancient technologies from around the world and the new technologies archaeologists are using to discover them.
UTSA Center for Archaeological Research, Main Campus
Roadrunner readers dive into exciting topics during this literary adventure summer camp geared toward 6-10-year-olds, occurring Monday through Thursday for two weeks.
Buena Vista Building 3.350, Downtown Campus
Experience a very different summer camp! The UTSA East Asia Institute is teaching kids Japanese through language, culture, art, crafts, music, cooking and more. For kids age 6-12. For more details, email email@example.com.
Main Building (MB 1.126), Main Campus
7 to 12 year-olds will explore Mayan Culture in a three-day sessions, concluding at the Witte museum, where campers will have the chance to see the new "Maya: Hidden Worlds Revealed" exhibit.
UTSA Center for Archaeological Research, 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.
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.