I2P Media 2013

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Marvin Selig First Place Award:
LifeM

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Second Place:
Technocrats

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Third Place:
ShaleExploits Group

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2013 Competition Archives

2013 I2P UT Austin Award Winners

Introduction and Welcome

Awards Ceremony

Finalists

Marvin Selig First Place Award

Product

LifeM

Team Members

Tushar Sharma (Biomedical Engineering)
Sahil Naik (Biomedical Engineering)

LifeM has fabricated a thin, flexible pressure sensor that can be mounted on the curved surface of a pulmonary artery catheter (PAC) for sensitive, real-time blood pressure and blood flow measurements. (Catheters are medical devices that can be inserted in the body to treat diseases or perform surgeries. Some of the areas for catheters include cardiovascular, urological, gastrointestinal, neurovascular and ophthalmic applications. Catheter usage is at the epicenter of minimally invasive surgeries.)

Second Place

Product

Technocrats - IVPA Catheter

Team Members

Jack Chang (MBA)
Bayo Omoyeni (Electrical Engineering)
Yongjin Zhu (Law)
Varun Devaraj (Mechanical Engineering)

The product is an intravascular photoacoustic (IVPA) imaging catheter.  The catheter can be inserted into arteries, providing both photoacoustic and ultrasonic images of the artery plaques. The technology that underlies the product is photoacoustic imaging.  Photoacoustic imaging relies on the absorption of electromagnetic energy, such as light, and the subsequent emission of an acoustic wave (sound).  The strength of the photoacoustic signal is proportional to the intensity of the light and the local optical absorption coefficient of the tissue.  Compared to the existing ultrasonic imaging that only provides information on the shape and size of the plaques, this technology provides information on the composition of the plaques, which is critical to determine the vulnerability of the plaques.

 

Third Place

Product

ShaleExploits Group - Downhole Oil Tool

Team Members

Orion Campbell (Mechanical Engineering)
Wolfgang Merk (Mechanical Engineering, Management)
Geoff Crisanti (Biomedical Engineering, Finance)
Mark Lupton (Petroleum Engineering)

The product is a downhole tool that allows for simultaneous production and injection.  The product is designed for use in horizontal or deviated wellbores in unconventional reservoirs for the extraction of oil above and beyond what was previously economically feasible.  The company would provide the tool and the installation service for the tool as well as training on their recommended methods for maximum oil extraction for the specific well that the tool was being used in. Additionally, the company's experts would be available to work with the operator’s production engineers on a consulting basis and evaluate a fleet of potential candidate wells to determine the specific instances in which our tool and method would provide value to the customer in the form of probable, significant return on investment.

 

Product

Pecan Power - Variable Frequency Drive

Team Members

Sam Maslin (MBA)
Erin Keys (Mechanical Engineering)
Mahdi Kefayati (Electrical Engineering)

Pecan Power is developing a product to enable variable frequency drives (VFDs) to provide power quality benefits to end-use customers and electric utilities.  Their ‘intelligent’ VFD units will deliver energy savings to motor, pump and compressor users while supporting efficient operation of the power grid. The team is currently developing the technology underlying the product.  This technology includes a hardware modification and controls package to enable the VFD units to optimally improve the power quality of the grid. They are adding a co-founder with a controls background to design the software architecture, and will arrange lab space to develop and test our solution.

 

Product

ItFits! - 3D Body Scanner

Team Members

Timothy Roy (Law)
Cecilia Corral (Mechanical Engineering)
Jenny Ho (Law)
Ryan Larson (MBA)

ItFits! provides virtual fitting to individual consumers of retail clothing, and detailed customer size information to apparel retailers. After making a highly accurate 3D model of the consumer, this model is matched against a clothing retail stores’ inventory. Individual consumers can now shop for clothing online for themselves or others with the confidence that the clothing is the right fit for them. Additionally, retailers can now “tailor” their marketing and inventory to better reflect their customer basis.

 

Product

Violet Crown Jewelry

Team Members

Ali Mavrakis (Business)
Troy Szymanski (Neuroscience, Predent, Pre-X)

Violet Crown Jewelry provides a network effects platform that allows designers and consumers to create highly customizable jewelry through the use of additive manufacturing. The company will use 3D printing and an intuitive customization interface to allow the customer incredible levels of customization. The ease of use and the number of manipulations provided allow the customer to design and purchase jewelry customized at a much higher degree than any other competitor on the market. 

 

Semi-Finalists

Product

PeaKSolution - Location Based Advertising

Team Members

Pedram Rahmanian (Consulting and Change Management)
Kevin Sun (Consulting and Change Management)

PeaKSolution's service is a mobile marketing platform that allows businesses to send real-time offers to customers physically near their store. The underlying technology of this service is location-based services (geo-fencing) on individual consumers’ smartphones. The underlying technology is unique in its application to targeted marketing based on an individual’s tastes and proximity to a business. The service is innovative because it uses available technology in a new way to change the process of marketing and solve the pain points of both the B2B customers and the B2C users.

  

Product

Zero-Order Kineticists - Implantable Drug Delivery Device

Team Members

Armando Nava (Biomedical Engineering)
Becky Su (Mechanical Engineering, Japanese)
Matt Mitchell (Biomedical Engineering)
Nick McCollin

Their product is an implantable device that can deliver drugs locally to treat prostate cancer. This device will be attached to a venous stent and which is deployed in the prostate capillary bed. The technology that this platform employs is a method of drug release called zero-order kinetics, in which the concentration of drugs released into the body is completely independent of the concentration of bodily fluids surrounding the device. This technology is unique in that drugs can be released directly to the target site and sustained over a long period of time, dependent on the patient’s needs. Because the device releases drugs using zero order kinetics, the negative side effects associated with overdosing will be minimized.

 

Product

Merge - Direct Selective Laser Sintering

Team Members

Sadhan Sathyaseelan (Mechanical Engineering)
Gabriel Vega (MBA)
Bobby Stover (Mechanical Engineering)
Sandy Vithayanonth (MBA)

Team Merge provides parts to Original Equipment Manufacturers (OEM’s) of parts (pumps, valves, etc.) in the industrial market (power generation, chemical, and oil & gas industries). The technology is a form of additive manufacturing that uses Direct Selective Laser Sintering of Metals with continuous vector scanning. This technology has the ability to produce non-porous, homogeneous, geometrically complex metallic parts. The technology allows for the manufacturing of metal components that typically require costly specialty machines to build.  The technology also allows for the manufacturing of multiple components with the use of one machine.  Lastly, the technology is unique in the way the laser scans a bed of metallic powder to sinter them. The method is called continuous vector scanning and it helps in preventing oxidation thereby avoiding cavities and helps in creating non-porous, dense metallic parts.

 

Product

Six-Pack - Recognitive Hydrogel

Team Members

Brandan Montminy (Law)
Kevin Hess (Law)
Daniel Ralls (MBA)
Chris Hamon (Mechanical Engineering)
Bryyolfur Vidir Olafsson (Engineering)
Melissa Street (Mechanical Engineering, Aerospace Engineering)

Recognitive hydrogel is a simple and accurate molecule detection technology that has a wide variety of applications, including medical diagnostics. Recognitive hydrogel uses a combination of Molecularly Imprinted Polymers (MIPs) and Conductive Polymers (CPs) to detect the presence of certain biomolecules. To create an MIP, a polymer shell is formed by the removal of a given molecule. This shell can later be re-filled if an identical molecule is returned to the presence of the polymer. The conductivity of a CP varies with the molecular shape of the MIP-CP network. Thus, when an associated MIP detects the presence of a given molecule in a hydrogel, an electrochemical response is produced. In other words, when an MIP detects a molecule, the CP shows that it is there.

2013 I2P UT Austin Judges

Marvin Selig Finals 

  • Jennifer Parks - Early-stage technology commercialization, marketing and competitive consultant
  • Norman Kaderlan, Ph.D. - President of Technology Innovation Group, Inc.
  • Bill Hulsey - Hulsey IP Law, Intellectual Property Attorney with over 20 years of experience
  • Isaac Barchas - Director of the Austin Technology Incubator 

“Austin Technology Incubator” Semi-Final Flight

  • Cristal Glangchai, Ph.D. - Director of The Center for Entrepreneurship and Innovation at Trinity University in San Antonio 
  • Norman Schumaker - Chairman of Infinagen, Inc., co-founder of Molecular Imprints
  • John Wheeler - Director of Product Development and Marketing at Spinal Restoration Inc.
  • Pete Selig - Angel investor in bioscience and technology companies, active entrepreneur in real estate and restaurant businesses
  • Justin Dragna - cofounded Kymyk to commercialize methods for rapidly determining enantiomeric excess

“Roden Scholars” Semi-Final Flight

  • Teófilo Tijerina - Venture Manager for Cielo Private Equity Funds
  • Richard Larrabee - Sr. Partner with M&A Partners, an advisory firm focused on post-merger integration 
  • Dave Gibson - Enterprise Architect and Open Group certified IT architect
  • Carl Caricari - Founder and principal of Caricari Consulting 
  • Aruni Gunasegaram - Operations Director, Austin Technology Incubator

“Technology Entrepreneurship Society” Semi-Final Flight

  • Steve Smaha - angel investor, currently invested in 10 startups in clean tech and software 
  • Dr. Byron Zollars - Chief Scientist of Nanohmics, Inc.
  • Lee Jones - Director of Advanced Development for venture-backed start-up Nuventix Inc.  
  • Dennis Wilson, Ph.D. - Founder and CEO of Energetic Materials and Products, Inc.
  • Loren Kirkpatrick - Director of Development Services for Texas Realty Partners, LLC

Hosts

GAIN echnology Entrepreneurship Society
CEO Texas 3 Day Startup

Partners

NSF NCIIA

Selig Fund in Entrepreneurial Studies

Roden Center of Entrepreneurship

© 2013 I2P & Chair of Free Enterprise
Thanks to all our Donors and Supporters

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