More than 20 teams of University of Texas at San Antonio (UTSA) students gave their best 90-second elevator pitch for their start-up ideas this week as part of San Antonio Startup Week. Their ideas covered a wide range of medical devices, apps and everything in-between. They were judged on a number of factors including their business plan, technology and presentation skills.
The event was organized by the UTSA Center for Innovation, Technology and Entrepreneurship (CITE). Established in 2006, CITE is an interdisciplinary center in the Colleges of Business and Engineering to create a pipeline for UTSA faculty, students and the business community to develop new technology ventures. Through a process including education, experience, resources and support, CITE focuses on fostering the growth of new technology-based ventures.
The event was the first step to qualify for the $100,000 Student Technology Venture Competition to be held at the UTSA Tech Symposium Day on April 25. The winning teams will have a shot at a prize pool of more $100,000 in funding and services to launch their new company. This includes cash, services, patenting, incubation, mentoring, PR and media assistance, and proof of concept funding. The winning teams also qualify to apply for the $50,000 NSF I-Corps™ grants. UTSA was the first university in Texas to be designated an NSF I-Corps™ site in 2014.
“The breadth of ideas and presentation styles from UTSA student entrepreneurs were great,” said Cory Hallam, UTSA chief commercialization officer and Jacobson Distinguished Professor of Innovation and Entrepreneurship. “It was an exceptional opportunity to not only hear constructive feedback from established entrepreneurs and investors but also to learn from competitors and colleagues. I know our students will strive for excellence as they prepare for the next round of pitches.”
The top five teams will present their pitches in the second round on April 10 at Geekdom.