CITE Hosts New Technology Venture Start-up Competition
—April 24, 2008
Center for Innovation and Technology Entrepreneurship (CITE) in the UTSA Colleges of Business and Engineering hosted
its spring New Technology Venture Start-up Competition in April.Â 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.
Thirty-three students spent the past semester developing their companies for the end-of-year competition.Â Projects developed
included a wearable glove-based cursor control device, a low cost biodiesel manufacturing system, a telemetry system for
model rockets, an athletic swimming monitoring device, a wireless electronic coaster, and oil and gas cleaning equipment.
The winner of this yearâ€™s competition was LiveLynx Enterprises which developed The Palma, a glove-based cursor control
device.Â Team members were Marcos Bird, Chelsey Blake, John Collins, Jon
Davis, Mark Finch and Phillip Hamby.Â
â€œBeing an entrepreneur is more about action than analysis,â€ said Dr. Cory Hallam, director of CITE.Â â€œCITEâ€™s
programs are focused on using analysis to drive action, and that is the key to launching new business ventures.Â We are helping
to unlock the inner entrepreneur in our students.â€
The second place team was Aquafit Company, which developed a wrist device that can measure calories, laps and distance
while someone is swimming.Â Team members were Jorge Alonso, Hugo Alvarado, Brad
Carney, Kate Cornett, Luis Garcia and Adrian Saenz. The third
place team, Biotex, developed an alternative fuel processor.Â Team members were Dominic Garcia, Jorge
Gonzalez, Ben Hammond, Ross Hosket and Eric Vazquez.
Judges for the competition were local entrepreneurs Junab Ali, president and co-founder of Mobius Partners; Nick
Anthony, founder and president of GreekTown Restaurants; Dave Clark, director of enterprise services
at the San Antonio Technology Accelerator Initiative; and Greg Perkins, president of In Home Senior Care.
The project was supported by UTSA faculty members Gus Allo, lecturer in engineering; Abigail Erwin,
lecturer in management; Dr. Cory Hallam, director of CITE; Dr. Anita Leffel, senior lecturer
in management; and Dr. Jack Simonis, senior lecturer in engineering.
Through a process of education, experiences, resources and support, CITE is focused on fostering the growth of new technology-based
ventures.Â The center creates a pipeline for UTSA faculty, students and the surrounding business community to develop new
technology ventures. CITE works to unlock the entrepreneurial spirit through education and experiential activities. The center
also hosts entrepreneurship boot camps for the community and has established the new Roadrunner Business Incubator.