UTSA undergrads contend for $100K at Dec. 1 tech venture competition

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(Nov. 29, 2012) -- Six UTSA teams comprised of business and engineering students will compete for $100,000 in cash and business-related services at the $100,000 Student Technology Venture Competition hosted Dec. 1 by the UTSA Center for Innovation and Technology Entrepreneurship (CITE). Competitors will be scored on the viability of their proprietary new technologies and the business plans they developed to market those technologies.

>> The UTSA $100,000 Student Technology Venture Competition will be 9 a.m.-3 p.m., Saturday, Dec. 1 in McKinney Humanities Building Room 2.01.10 on the UTSA Main Campus. The event is free and open to the public from 9 a.m. to noon.

Held semi-annually, the UTSA competition offers the largest award of all undergraduate business-planning competitions in the nation. The competitors will offer new technologies poised to enhance the health care, fitness, safety, manufacturing and retail industries.

"This tech start-up competition is just one of the incredible opportunities that UTSA's entrepreneurial students have that show them how they can turn their ideas into real products on the market," said Cory Hallam, CITE director. "It is an exciting thing to be able to showcase and foster the work of our future industry leaders."

Members of the Harvard Business School Club of San Antonio have mentored the teams, which will be judged by local academic, business and entrepreneurial experts on their technology, business plan and presentation. At the close of the daylong competition, the winning teams will have the opportunity to pitch their companies to potential investors. In addition to a cash prize, the winning teams will receive consulting services, marketing services, office space and other benefits to support them in getting their projects off the ground.

The UTSA $100,000 New Technology Venture Competition is sponsored by the Texas Research and Technology Foundation, Cox | Smith, Harvard Business School Club of San Antonio, San Antonio Technology Center, Startech, Rackspace Hosting, UTSA College of Business and UTSA College of Engineering.

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