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Team Developing Prototype Prosthetic Cooling System Wins CITE Entrepreneurship Competition
May 2, 2013

Leto SolutionsLeto Solutions, a team comprised of eight undergraduates triumphed at the $100,000 Student Technology Venture Competition, presented by The University of Texas at San Antonio (UTSA) Center for Innovation and Technology Entrepreneurship (CITE). The UTSA students developed a prototype thermoelectric cooling system that adds comfort and improves hygiene for prostheses and wrote a business plan to market the technology.

UTSA competitors Cyclosa and PLaCR I.T. respectively placed second and third in the business planning competition, held Tuesday, April 30 in conjunction with the university’s first Technology Symposium at the UTSA Main Campus.

Amputees who wear prosthetic limbs frequently experience discomfort. Heat builds up in the space where their residual limb meets the prostheses, leading to the accumulation of sweat. In addition to the discomfort this causes, serious medical problems can result, such as infection, skin breakdown, ulcers and painful friction blisters.

Leto Solutions offers Aquilonix Prosthetic Cooling System, which uses thermoelectric technology integrated into a prosthetic socket worn by the patient, to regulate the temperature and reduce sweating. Leto Solutions includes undergraduate engineering majors Austin DariusJake MontezDavid Schultz and Gary Walters and undergraduate business majors Nam DoEric Michael Garza, Enrique Medrano and Justin Stultz.

“It’s been six years since my leg was amputated and for six years I’ve been searching for a solution to the discomfort that I feel from heat every day wearing a prosthetic,” said Gary Walters, senior mechanical engineering major. “This competition allowed for the perfect time and opportunity to create a solution.”

During the competition, local academic, business and entrepreneurial experts judge the teams on their technology, business plan and presentation.

“This is one of the best programs in the U.S. and over the years I have seen the quality and caliber of the companies and presentations grow tremendously each year,” said Randy Goldsmith, investor-in-residence at Texas Technology Development Center and CITE competition judge. “We have had the opportunity to fund the first place winner from four competitions ago, and we are seriously considering funding the other winners as well.”

In all, 10 student teams competed for $100,000 in cash and business-related services. The remaining teams included:

  • Artemis Care, which developed an indoor tracking system called Apollo’s Eye that safeguards special needs individuals while respecting their freedom and privacy.
  • Circa-Invention, whichcreated a machine that launches Frisbees and tennis balls with a touch of a button, designed to help children and others develop hand-eye coordination.
  • Cyclosa, whichinvented a gear shifter that works on both chain and belt-driven bicycles that is lighter, quieter, stronger, more efficient and requires less maintenance than traditional shifters.
  • ELD Energy Loss Detection Software, which detects energy leaks in a building and determines the fiscal losses caused by these leaks. It will also cost out the building improvements necessary to get rid of these problems.
  • Jack N’ Slide, which is a wheelchair accessory that aids patients in wheelchair-to-bed transfers. Their product replaces the canvas seat of a wheelchair with a mechanical lift seat that easily bolts to the frame of a standard wheelchair.
  • PLaCR I.T., which provides a fast, accurate and easily repeated method of centering a gamma radiation source for small-batch Non-Destructive Testing (NDT) and inspection of pipe welds in the 36” - 60” diameter range.
  • Reddo Communication System, which created a portable device for translating sign language into voice.
  • Smart Car Seat System, which developed the NannyPad, a vibrating pad built into a car seat to comfort a child and detect harmful cabin temperature.
  • Smart Steer, which developed a steering wheel cover that manages the infotainment system of the vehicle without requiring the driver to look away from traffic – hence decreasing distractions and unexpected accidents.

“What made this group unique is that they were so competitive with one another,” said Anita Leffel, UTSA entrepreneurship professor and associate director of CITE. “They really learned from each other and fed off each others’ energy and motivation to make their companies better and better leading up to this competition. I’m proud of all of them.”

Established in 2007 and held semi-annually, the $100K Student Technology Venture Competition at UTSA offers the largest award of all undergraduate business planning competitions in the nation. It 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.

Winners receive $100,000 in cash and business-related services including consulting, marketing and legal services, office space and other benefits.

The UTSA CITE $100,000 Student Technology Venture Competition is sponsored by the Texas Research & Technology Foundation, Cox | Smith, Rackspace, the San Antonio Technology Center and Startech, and is supported by the UTSA College of Business, College of Engineering and Vice President for Research.

 

Students Compete for $100K in Prizes in Technology Venture Competition
May 7, 2012

UTSA business and engineering students competed for $100,000 in business-related services and prizes during the UTSA $100,000 Student Technology Venture Competition held on April 28.

The biannual competition, hosted by the UTSA 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.

The winner was ACPPC, a company that developed a revolutionary process of predicting, diagnosing and classifying prostate cancer. Team members were Ali Almuntashri (engineering), Jose Luis Bravo (business), Abraham El-Nakat (business) and Michael Richard (business). PCMR Medical was awarded “Best Business Plan,” and “Best Pitch” was awarded to Enhanced CPM Technologies.

Nine teams of UTSA business and engineering students competed in this year’s contest. Their companies represented a variety of new technologies including medical devices, electronic management of devices in the home, energy savers, construction and software.

The teams were judged by local academic, business and entrepreneurial experts based on their business plans, new technology and the team’s presentation. Judges were James Brehm, Compass Intelligence; Rudy de la Garza, Idea Finishing School; Don Douglas, Liquid Networx; Mike Frye, University of the Incarnate Word; Nicole Gewinner, Jackson Walker; Kristopher Hochart, Red Wagon Properties; Neil Kellen, Consert Inc.; Jeremy McMahon, San Antonio Technology Center; and Derrick Pizarro, Cox Smith Matthews.

The founding sponsor of the competition is the Texas Research Technology Foundation. New and continuing sponsors include Cox Smith Attorneys, the Harvard Business School Club of San Antonio, San Antonio Technology Center, the UTSA College of Business, the UTSA College of Engineering and the UTSA Office of the Vice President for Research.



UTSA College of Business launching global ventures competition with Universidad de las Palmas in the Canary Islands
April 7, 2011

The University of Texas at San Antonio (UTSA) College of Business is launching a new Global Venture Competition with the Universidad de las Palmas in the Canary Islands this summer. The international technology entrepreneurship competition will pair 10 UTSA business students with technology students from the Canary Islands.
"The goal of the program is to strengthen UTSA's global ties with strategic partners through participation in an international business immersion student competition in technology entrepreneurship," said Lynda de la Viña, dean of the UTSA College of Business and executive director of the college's Center for Global Entrepreneurship. "The program will provide students with the academic and practical global business immersion experiences that they need to become confident, successful international entrepreneurs."

The UTSA business students will team up and write business plans for the commercialization of a technology prototype that was developed by the Canary Islands students. The five day competition will conclude by crowning a winner that will have access to a start-up package for their company.

The competition will be held in June and is led by Cory Hallam, director of the Center for Innovation and Technology Entrepreneurship (CITE), and Anita Leffel, assistant director of CITE.

The college's Center for Global Entrepreneurship was established to meet the educational and career needs of emerging market entrepreneurs and those who support them. The Center for Innovation and Technology Entrepreneurship (CITE), an interdisciplinary center in the Colleges of Business and Engineering at UTSA, was established to create a pipeline for UTSA faculty, students and surrounding business community to develop new technology ventures.

Nationally ranked and recognized, the UTSA College of Business is accredited by AACSB International, The Association to Advance Collegiate Schools of Business. It is one of the 40 largest business schools in the nation with 5,600 enrolled students and 37 different graduate and undergraduate business programs. The college is dedicated to raising its academic profile to become one of the best business schools recognized for developing "Knowledge for a New World." For more information, visit business.utsa.edu.


CITE Mentors

Harvard Business Club Members Mentor Students
The college's Center for Innovation and Technology Entrepreneurship (CITE) partnered with the Harvard Business Club to establish the CITE Mentor Network, a mentoring program for student entrepreneurs participating in the biannual $100K Student Technology Venture Competition.

The mentorship program is led by William Tolhurst, '85, president of the Harvard Business Club. A professional mentor is paired with each student team participating in the competition. The mentors acted as advisers to the start-up companies, provided professional guidance and utilized their network of contacts to provide subject matter experts in key areas such as venture financing, business strategy and market research.

"I am personally motivated to help students realize that there are other opportunities available to them beyond the more traditional employment tracks," said Tolhurst, who received his undergraduate degree in electrical engineering. "These opportunities can enrich both the students and the San Antonio community, and over the years help develop a strong and vibrant culture of technology entrepreneurship."

Since the inception of the program last fall, 17 mentors have participated.

"Perhaps the most eye-catching motivator to our mentors is the chance to be part of something that is truly unique, not only locally but nationally," said Tolhurst. "While it's a delight to see new companies formed by these teams, the primary objective remains enriching the educational experience of the students."

The $100K Student Technology Venture Competition is the major student entrepreneurial event at UTSA, giving students hands-on experience as early stage entrepreneurs. Teams of senior business and engineering students work throughout the semester to develop a technology demonstrator and business plan to successfully develop a new company. More than 300 students have participated in the competition since its inception in 2007.


Infant Head Guard Device Wins First Place in UTSA $100,000 Student Technology Venture Competition
May 10, 2010

Invictus Infant Head GuardInvictus, a student team that invented an infant head guard to prevent head deformities, won The University of Texas at San Antonio (UTSA) $100,000 Student Technology Venture Competition.

Invictus' Magic Hat™ is a bonnet which contains an aqueous gel that distributes the weight of the head, eliminating points of high pressure and reducing the risk of head molding. Team members were UTSA senior mechanical engineering students Nicholas Louis Flores, Israel Gonzalez and Daniel Mendez. The team won $30,000 in services and prize money including prototype cost development, business mentors, office space, legal services and patent costs.

Ten teams competed in this year's competition held at the end of the spring semester. Three teams plan to turn their business plans into a reality and start new companies. The biannual competition, hosted by UTSA's 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.

UTSA's $100,000 Student Technology Venture Competition is sponsored by Cox|Smith, the Entrepreneurs Organization, the Harvard Business School Club of San Antonio, the National Collegiate Inventors and Innovators Alliance, the San Antonio Technology Center, the Small Business Administration and the Texas Research Technology Foundation.

CITE is an interdisciplinary center in the UTSA College of Business and the College of Engineering. The center focuses on fostering the growth of entrepreneurs and new technology-based ventures through a process of education, experiences, resources and support.



UTSA Students Compete for $100,000 in Prizes as Part of the Student Technology Venture Competition April
24.
April 21, 2010

(San Antonio)—Business and engineering students at The University of Texas at San Antonio (UTSA) will compete for $100,000 in business-related services and prizes at San Antonio’s largest business planning competition, UTSA’s $100,000 Student Technology Venture Competition. The competition will be held from 1-3 p.m. on Saturday, April 24 at the UTSA Downtown Campus in Buena Vista Street Building Room 1.326. The event is free and open to the public.

The biannual competition, hosted by UTSA’s 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.

Ten teams of UTSA business and engineering students are competing in this year’s competition. Their companies represent a variety of new technologies with applications in renewable energy, smart electronic devices, healthcare and transportation. The teams will be judged by local academic, business and entrepreneurial experts on their business plan, the new technology and the team’s presentation. At the close of the daylong competition, some of the winning teams will have the opportunity to start and sell their companies.

“To our knowledge, this is the largest undergraduate new business competition in Texas, and the only competition of its kind San Antonio,” said Cory Hallam, director of UTSA CITE.

“Since our first competition three years ago, the business community has really stepped up to help our students launch their companies. With the help of our sponsors, we’re now offering students $100,000 in prizes, including consulting services, marketing services, office space, intellectual property protection and other benefits,” said Hallam.

UTSA’s $100,000 Student 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.

“The tech start-up competition is a great experience for our students,” said Hallam. “The format gives them a chance to experience what it’s like to be an entrepreneur – and adding this context to their education is what differentiates them and UTSA as a premier university.”

CITE is an interdisciplinary center in the UTSA College of Business and the College of Engineering. The center focuses on fostering the growth of entrepreneurs and new technology-based ventures through a process of education, experiences, resources and support.



CITE BoardCITE Names Inaugural Advisory Board

The Center for Innovation and Technology Entrepreneurship (CITE), a joint venture of the College of Business and the College of Engineering, has launched its inaugural advisory board this summer.

The board is chaired by Paul Castella, MBA ’05, managing general partner, Incyte Ventures. Members are Nick Anthony, founder and president, Greektown Restaurants Ltd.; John Bray, lawyer, Cox & Smith; Lawrence Crynes, senior process engineer, Marathon Oil Company; John Kirk, owner, the JFK Firm LLC; Dean McCall, CEO and co-founder, Ideagin; Whitney Solcher Miller, managing director, San Antonio Capital Management LLC; William Tolhurst, BS ’85, managing director, Quantimum LLC; and Alan Weinkrantz, president, Alan Weinkrantz & Company.

The board is charged with building the profile of the CITE, integrating CITE with regional technology entrepreneurship resources and participating in the growth and funding of the center to enable long-term success.

CITE focuses on fostering the growth of entrepreneurs and new technology-based ventures through a process of education, experiences, resources and support.



CITECITE Hosts New Technology Start-up Competition
Rather than just read about entrepreneurship, students in Dr. Anita Leffel's entrepreneurship classes are challenged to become entrepreneurs and create their own businesses as part of the curriculum.

Leffel, senior lecturer in management, teaches classes in entrepreneurship and social entrepreneurship and leads the student tech competition practicum. "The ultimate experiential learning event for an entrepreneurship student is to be involved with a start-up," said Leffel. "They take the tools they have been given and create businesses. Students move from a theory-oriented classroom to a hands-on project that affords the students an opportunity to become nascent entrepreneurs."

Each semester Leffel also mentors business students that participate in the New Technology Start-up Competition sponsored by the Center for Innovation and Technology Entrepreneurship. The competition, which pairs innovative technologies developed by engineering students with quality business plans developed by business entrepreneurship students, is hosted each semester to give students a hands-on opportunity to develop new technology ventures. Since the first competition in 2007, more than 125 students and 25 companies have participated in the project. Three companies and one licensing agreement have resulted from past competitors.

Jackie Davis, a 2009 entrepreneurship graduate, tied for first place in the spring tech competition. Her company, Solace Medical Technology, developed the Hot Box, a vein warming dilator that assists in blood draws. The device, which was originally engineered at the University of Texas Health Science Center at San Antonio, was optioned to Solace Medical to develop the distribution and manufacturing of the product.

Davis, who is currently employed with Rackspace Hosting, credits her experience in the tech competition with her success today. "I learned to be resourceful and self-reliant," she said. "As an entrepreneur you need to be dedicated to your company and performing to the best of your capabilities. While I'm uncertain of the future of Solace, I know that the knowledge I've gained from this experience will be with me always."

Leffel relishes in the success of her students. "Entrepreneurship is not just about a business. We are teaching the spirit of entrepreneurship - human progress, development, achievement and change."

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