Winners will receive $100,000 in cash and start-up services
By Joanna Carver
InfraVein, a student team that created a biomedical engineering device for finding veins, won the top prize at The University of Texas at San Antonio $100K Student Technology Venture Competition. The challenge was sponsored by the UTSA Center for Innovation, Technology and Entrepreneurship (CITE), a collaboration between the College of Engineering and the College of Business.
The team formed by UTSA engineering and business students Kristen Hamalainen, Sanjiv Patel, Andrew Shiels, Kreg Zimmern, Rachel Loeffler, Cody Baker, Alexis Morales and Ileana Gonzales, created a portable device that makes it easier for medical professionals to find veins. The young entrepreneurs noted that injuries from improper needle punctures happen all too often, and that their device can help people with veins that are very small or move around.
Infravein was awarded with cash and in-kind services to jump-start their company. They worked with the UTSA Office of Commercialization and Innovation to file a patent application and are now looking for investors. The CITE competition took place in tandem with the College of Engineering’s Tech Symposium, an event at which all engineering seniors presented their senior design projects.
The second place prize went to Bullseye Tactics, formed by UTSA engineering and business students Raafat Seif, Yonggun Lee, Carmina Francia, Ian Stubblefield, Elizabeth Martin, Aaron Castellanos and Federico Berlanga. The team presented a user-friendly crossbow sight that helps with aiming and also records video that can be sent straight to the user’s phone or computer.
Third place was awarded to WASDPlay, formed by UTSA students Taylor Brauer, Brandon Snow, Zachry Rodriguez, Aljon Lu and Jake Federico. The students created a web site that offers video, blog and podcast tutorials to help amateur gambling site users compete with professionals.
The panel of 15 judges reviewed each team’s product in a morning symposium where business and engineering students presented their senior design projects. In the afternoon the 12 competing teams presented their product-to-market strategy in a five-minute pitch.
Established in 2007 and held annually, the $100K Student Technology Venture Competition offers UTSA undergraduates in business, science and engineering with the opportunity to build a technology, patent it, create a business around it 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.
Since the competition’s inception, 844 students have participated, more than 120 company ideas have been pitched and a dozen patent applications have been filed. Two winning teams from previous competitions, Leto Solutions and Invictus Medical, have demonstrated steady progress toward commercializing their products.
Learn more about the $100K Student Technology Venture Competition.
Learn more about the UTSA Center for Innovation, Technology and Entrepreneurship.