Competition challenges UTSA students to form a viable technology start-up
Business and engineering students at The University of Texas at San Antonio (UTSA) are competing today for $100,000 in business-related services and prizes at San Antonios largest business planning competition, UTSAs $100,000 New Technology Venture Competition. The biannual competition, hosted by UTSAs Center for Innovation and Technology Entrepreneurship (CITE), promotes student entrepreneurship by pairing engineering students who create viable new technologies with business students who create business plans to market those technologies through a viable start-up.
Six teams of UTSA business and engineering students are competing in this years competition. Their companies represent a variety of new technologies with applications in transportation, health, fire safety and mining. The teams will be judged by local academic, business and entrepreneurial experts on their business plan, the new technology and the teams presentation. At the close of the daylong competition, some of the winning teams will have the opportunity to sell their companies.
To our knowledge, this is the largest new business competition in San Antonio, said Cory Hallam, director of UTSA CITE. Since our first competition two years ago, the business community has really stepped up to help our students launch their companies. With the help of our sponsors, were now offering students $100,000 in services and prizes, including consulting services, marketing services, office space and other benefits.
UTSAs $100,000 New Technology Venture Competition is sponsored by the Texas Research Technology Foundation, Cox|Smith, the Harvard Business School Club of San Antonio and the San Antonio Technology Center. UTSA established the competition when some of its faculty observed that UTSAs engineering students were developing new technologies and its business students were writing business plans, but neither group of students did anything with their effort beyond turning in their projects for a grade. With the competition in place, UTSAs students are now developing marketable technologies and forming viable new companies based on those technologies, all before they graduate.
The tech start-up competition is a great experience for our students, said Hallam. The format gives them a chance to experience what its like to be an entrepreneur before they graduate and before they have mortgages or bills to worry about.
9 a.m. – noon: Project Viewing / Interaction with Teams
1-3 p.m.: Competition
3-4 p.m.: Awards Networking Reception
About the University of Texas at San Antonio
The University of Texas at San Antonio is one of the fastest growing higher education institutions in Texas and the second largest of nine academic universities and six health institutions in the UT System. As a multicultural research and teaching institution of access and excellence, UTSA aims to be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
UTSA serves more than 29,100 students in 64 bachelors, 47 masters and 21 doctoral degree programs in the colleges of Architecture, Business, Education and Human Development, Engineering, Honors, Liberal and Fine Arts, Public Policy, Sciences and Graduate School. Founded in 1969, UTSA is an intellectual and creative resource center and a socioeconomic development catalyst for Texas and beyond.
About the Competitors
AidPro offers a proprietary skin lesion measurement technology that rapidly quantifies skin injury data and converts the data into electronic medical records. Student team includes Irene Bernal, Angela Collins, Jeremy Joiner, Mitchell Martin and Travis Wilcox.
Aqua Sol Inc. offers a solar-thermal water purification device designed to eliminate all contaminants found in dubious water sources. The AquaSol Purifier uses solar energy to distill water of questionable quality for drinking and cooking. Student team includes Gabriel Buerrero, Tony Dominguez, Wesley Dunn, Trang Thanh Nguyen, Brandon Ojeda, Claudia Romero, Shane Spencer, Stephen Steger and Frederick Ward.
Auto Cam360 offers video technology to capture accidents involving automobiles while drivers are away from their vehicles. Student team includes Remus Avram, Eddie de la Cruz, Eric Contreras, Christina Mondragon, Kristen Mora, Nguyen Nguyen, Erin Reger, Jonathan Rico and Charles Villarreal.
FSD1 offers a product that can be easily activated and tossed into a fire from a safe distance. Once activated, the product releases a chemical agent that breaks up the first tetrahedron by eliminating the fires oxygen, fuel or heat. Student team includes Deborah Bailey, Luis Balderas, Aaron Cano, Angela Chiaro, Courtney Cummings, Ryan May, Samuel Noyola, Luis Sanchez and James Walker.
Phoenix Gaze offers motorcycle safety systems design to decrease the number of traffic accidents cause by motorcycle blind spots. The product incorporates a wireless live video feed and ultrasonic sensors. Student team includes Rick Cuellar, Solomon Garcia, Stephanie Garza, Sal Haro, Stephen Ledesma, Robert Maxwell Theresa McFaul and Matthew Williams.
Vor-Techs offers customized connections for the drilling, mining and coring industries to protect their million dollar investments in equipment with new connector technology. Student team includes Monica Burns, Kayla Gutierrez, Monica Meneses and Rachel Tiemann.