Through generous gifts from Carly Fiorina and Kevin Plank, the Dingman Center provides ad-hoc seed funding for University of Maryland startups, called the E-Fund. These nondilutive grants range from $250-$1000. Funding typically goes towards equipment purchases, website hosting, rapid prototyping, incorporation fees or any other costs that you see a barrier to getting an idea to market.
Check out this semester’s E-Fund recipients!
Founders: Sanketh Andhavarapu ’23, Veeraj Shah ’21
Vitalize is a mobile app for physicians with activities to alleviate stress and reduce burnout. Their E-Fund award of $1000 will be put towards developing crucial software and app functionality.
Morning Light, LLC
Founder: Harrison Burke ’20
Morning Light fosters competitive Esports teams to make the jump to full-time professional sponsorships. As Morning Light’s web presence is a high priority for this esports organizer, their $1000 E-Fund award will go to website development.
Blimp Logistics, LLC
Founder: Camilo Melnyk ’21
Blimp Logistics provides a fast and robust drone delivery network for any business. To support Blimp’s efforts to complete a full and functional prototype, this $1000 E-Fund will be used for a GPS System, Raspberry support hardware, data plan, and website development.
Founder: Caroline Ta ’21
SweetsbyCaroline is a baking business that specializes in custom gluten-free french macarons, as well as cakes, cupcakes, and other desserts that are perfect for engagements, weddings, parties, and other events. Looking to increase her production while reducing costs and time, Caroline will be investing her $1000 E-Fund into a new, larger convection oven that will triple her delicious output.
Founders: Eric Patel ’21 and Esha Vangara
Edullo is a platform created by students for students. They connect scholars to freelancers to do their part of level the playing field in education. Their $500 E-Fund will go towards supporting and maintaining their data-heavy website platform, and developing an app for even easier access.
Across The Board
Founders: Rick Philbin, MBA Candidate ’21
Across the Board is a game rental service for events. They are solving the problem for anyone hosting a wedding / birthday party / tailgate who wants to have exciting games for their event but does not want to own them long-term. Their $312 E-Fund award will be applied to a year-long Squarespace subscription.
Founders: Nataraj Shivaprasad ’24 and Sri Kanipakala ’24
Currently, the gig economy is estimated to account for 40% of the U.S workforce. With the rise of remote work, this number is slated to grow, making it imperative for college students to be prepared for the unique challenges and skills required for the gig economy. We are looking to solve this problem by developing a platform specifically for students to provide gig services to local businesses. Businesses also benefit from this, untapping the potential of a flexible, cheaper, and in many cases, skilled workforce. Campus Gigs’ $150 E-Fund Award will support their app development.
[…] seed funding for University of Maryland startups, called the E-Fund. Recently, we announced the E-Fund Winners of Fall 2020. In total, we were able to provide funding to seven startups and gave out nearly $5,000. The […]