Paragon Innovations Presents First Place Award at Texas A&M MBA Tech Transfer Challenge

Paragon Innovations continues its first place sponsorship Challenge by presenting $3,000 to the winning team of the MBA Tech Transfer of Texas A&M Mays Business School’s Center for New Ventures and Entrepreneurship.

Richardson, TX, February 25, 2010 --( Paragon Innovations, Inc., a leading engineering and product development firm, presented $3,000 to the first place team of Texas A&M’s MBA Tech Transfer Challenge at the award dinner on February 18, 2010. For the last three years, Paragon has been the first place sponsor of this annual competition presented by the Mays Business School’s Center for New Ventures and Entrepreneurship.

“Paragon is very involved in working with students in entrepreneurship and technology commercialization,” stated Mike Wilkinson, CEO of Paragon Innovations. “The MBA Tech Transfer Challenge is a wonderful opportunity to help students evaluate technology and determine its feasibility in the marketplace. We are proud to be a sponsor of this annual event.”

An integral part of the Mays MBA Program, the annual Tech Transfer Challenge asks teams of MBA students to assess the commercial viability of an A&M invention. With no prior knowledge of the technology, each student team has one week to learn about, identify applications, assess the market for and determine the commercial appeal of the invention. The week culminates with presentations before judges from the business, investment and academic communities. In addition to being the first place sponsor, Paragon also serves as one the judges of the competition.

This year’s winning technology was “Connection Methodologies for Interstitially Insulated Coaxial Tubulars”, a new design and method for insulating pipe by applying the fundamentals of thermal contact resistance, lowering the rate of heat transfer from the oil to the surrounding seawater via creation of an fixed annular space between the pipe wall and the external protective casing. The MBA students of the winning team were Alvaro Acosta, Ryan Goodnight, George Holzwarth and Will McCauley.

About Paragon Innovations

Paragon Innovations, Inc. is a leading engineering and product development services provider specializing in medical devices, video displays, portable wireless devices, and a variety of other markets. Founded in 1990, Paragon has worked with Fortune 500 companies including 3M, B.Braun, Halliburton, Hitachi, MedTronic MiniMed, Motorola, and Siemens, as well as startup ventures, to provide turnkey electrical, mechanical and industrial design engineering services from concept development to market launch. For more information, visit

About CNVE

The Texas A&M Center for New Ventures and Entrepreneurship provides encouragement, education, networking and assistance to entrepreneurially-minded students, faculty and Texas businesses. Founded in 1999, the Center is part of Mays Business School's Department of Management. The Center enhances student education through campus speakers, competitions, work experiences and financial support. The Texas A&M faculty and Office of Technology Commercialization benefit from the Center's educational programs, extensive business community network and the entrepreneurial services.

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