Mark Cuban at SXSW looking for medical breakthroughs

AUSTIN, TX (KTRK) -- ABC Shark Tank star Mark Cuban was looking for the next biggest invention in medical technology at the South by Southwest festival in Austin.

"Medicine, in general, is going to go through an upheaval," said Cuban. "And so that's why am here. I wanted to see what some of the ideas are and to see if there's anything really interesting."

A group of finalists were able to pitch their ideas to Cuban and other investors during a competition style showcase in the Austin Convention Center. The pediatric pitch competition was a part of the SXSW interactive portion of the festival.

"The first group was OK," said Cuban. "There was nothing spectacular, but we will see what comes up for the rest of the day."

One of the companies that had chance at the timed pitch was Medical Informatics Corp. The company told Cuban they have created special algorithms along with software that can predict major medical events like a heart attack hours before it happens.

"Who is creating the algorithms because that's your secret sauce, right?" asked Cuban.

Executives with Texas Children's Hospital in Houston were also on hand for the competition.

The Shark Tank star also dished on what's coming up next on Shark Tank. The season finale is just around the corner.

"Well we have a few more weeks," he said. "They save the best for last. Over the next however many weeks we have left, there's going to be more shark bites, more great deals," said Cuban.

Shark Tank airs Fridays on ABC-13.