By: Aleksandra Bush
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BRYAN, Texas- If you've ever caught yourself saying 'I could have thought of that' while watching an infomercial for a new product, listen up. Creating a product takes a lot more than just having an idea. You need investors.
Today, thirteen Aggie companies pitched their ideas to investors at the 2015 Investment Showcase put on by Texas A&M Technology Commercialization. Products presented ranged from tuberculosis testing devices to compounds that could lead to a cure for cancer.
"The goal is to excite investors and get them interested in investing and that, in fact, does happen from these kinds of events,” says Brett Cornwell, the Assoc. Vice Chancellor for Texas A&M’s Technology Commercialization.
Sam Allred is a software development coordinator for CartoFusion, a company that created the Situmap, a mapping application for first responders. The system, allows users to draw, pinpoint, and create a radius on a map image. It also has many other features that help first responders coordinate their efforts.
"This has the potential to save lives because the people out there saving lives were able to make a map very quickly and get their plans out ,” says Allred.
Brett Cornwell says the ten companies that presented at last year’s investment showcase have since raised more than seven million dollars.