The results of this past summer’s accelerator program at the University of Chicago are impressive. An app called “Tap Recorder” allows users to make notations on an audio file while recording with an iPhone. The co-founder of the Chicago start-up that developed the app, Dave Thomas, explained:

“It was originally started because we were working with some doctors, and they mentioned that they’d love to find a better way to record some of their consultations and transcribe them,” Thomas said. “It uses basic gestures. Throughout the conversation you could tap it, swipe it, put your hand over it, and each of those gestures would correspond to an annotation, a bookmark or highlights.”

The app was developed with the help of the Polsky Center for Entrepreneurship and Innovation, a program which will end with a demonstration day this coming September 9.

The app is in private beta testing now, but is expected to be launched to the public at the end of September. The company is hoping that the final version will include the option for users to have a transcription made of the audio file for a fee.