Category Archives: Fearless Founders

A Look Back at the 2016 Cupid’s Cup

By: Justin Taubman ’16 MBA Candidate

On Thursday, April 7th, Kevin Plank ’96, Founder and CEO of Under Armour, returned to the University of Maryland to host the 11th annual Cupid’s Cup Entrepreneurship Competition. This was my second time attending the event and Mr. Plank continues to outdo himself by bringing in celebrity judges like Dan Gilbert, Wes Moore, and Arianna Huffington to evaluate the exceptional pitches of six finalists. The finalists emerged from a pool of over 500 applicants representing over 100 schools and made it through several rounds of screening to the main event where they competed for $100,000 in cash prizes.

The event started at 2:00 p.m. in the Clarice Smith Performing Arts Center with a Startup Showcase of UMD’s top student entrepreneurs and their businesses. Among the startups in the showcase were many of the finalists from the Pitch Dingman Competition such as uBoard and WeCook as well as many other friends of the Dingman Center like Spot This and Meta Cartel

This slideshow requires JavaScript.

After touring all the booths, I ended up throwing on a Spot This t-shirt and joining my classmates to help collect email addresses to invite users to join their beta. The crowd was very curious about their product and happy to get involved in the testing. The energy and excitement in the atmosphere was palpable, but this was just an appetizer leading up to the main event that would start at 4:00 p.m.

The show kicked off with the professional MC Christian Crosby, Live Events Manager of the Philadelphia 76ers who introduced Plank to the crowd of over a thousand. Mr. Plank recounted his days at the University of Maryland as a student athlete and his rose delivery business that helped him raise the seed money to start Under Armour after graduating. After introducing the judges, the competition began.

CC16

Kevin Plank ’96 introducing judges

The competition was comprised of six finalists, all with incredibly unique businesses that were all generating substantial revenue. Headbands of Hope kicked things off by pitching their stylish headband company with a social angle to help children with cancer. Then the University of Maryland’s own Javazen got the hometown crowd fired up in their presentation. The unique box membership company MyBestBox did an impressive job explaining how their customized boxes can help customers live more healthy lives. The youngest entrepreneur in the finals was the founder of Plova Chewing Gum, who introduced us to the world’s first beneficial oral care product in the form of gum. The founder of Six Foods had an infectious energy that got Kevin Plank to eat her Chirp Chips, tortilla chips made with crickets. The last pitch was by Wolf & Shepherd the sleek dress shoe company with the technology of running shoes.

The judges certainly had their work cut out for them. Ultimately there could only be one winner of the Cup. After much deliberation the judges emerged from backstage and handed out some impressive $5,000 consolation prizes to Plova and MyBestBox. SixFoods was awarded $25,000 for second-place. The first-place prize of $75,000, their name on the Cup, and access to Kevin Plank’s network was awarded to our very own Javazen! We are all very proud of Ryan, Eric, and Aaron at the Dingman Center and hope that their success continues and also that it inspires other student entrepreneurs at University of Maryland.

Tagged , ,

A Preview of the Cupid’s Cup Startup Showcase

facebook cover photo (1)

Cupid’s Cup is tomorrow, and we’re all excited to watch UMD and Terp Startup alum Javazen compete for the prize of $100,000. But before the main event starts at 4 p.m., there is a wonderful opportunity to see some rising stars of the UMD startup community at the Cupid’s Cup Showcase at 2 p.m. Who knows, one day they may be competing in Cupid’s Cup themselves. Here’s a sneak peek of the impressive startups and their founders you can expect to see there:

Continue reading

Tagged , ,

Female Fearless Founders Featurette

In honor of Smith Women’s Week, we would like to highlight some recent past and present female participants of our Fearless Founders student accelerator program. We are immensely proud to have worked with these young women and to have been given the opportunity to help them grow their startups.

 

East Habesha – Saron Asfaw
habesha

Saron Asfaw ’18 started East Habesha in our Idea Shell stage, where she won a $500 MVP grant from Capital One to build her startup. She is currently working on further improving her business as a member of the Spring 2016 Hatch cohort. East Habesha is a website that sells custom Ethiopian dresses and food spices to customers in the DC metropolitan area. There is a large population of Ethiopians in the DC metropolitan area and there are many vendors that supply these necessities. What differentiates East Habesha from its competitors is that the prices are low but the quality is high. We look forward to seeing East Habesha grow as it continues to gain traction in the community.

Continue reading

Tagged , , , , , , , , , ,

ANNOUNCING THE SPRING 2016 HATCH COHORT

By: Justin Taubman ’16 MBA Candidate

Each semester, students from across campus participate in the Dingman Center’s Fearless Founders program. The program consists of three stages: Idea Shell, Hatch and Terp Startup. True to the name of each stage, the Fearless Founders program guides student ventures from idea to launch.

This spring, 19 students were selected to participate in Hatch program, where they will build and test their business ideas using the Lean Launchpad methodology. Once the course has been completed, students will be eligible for up to $1,500 in seed funding provided by Capital One. 

What kinds of ventures can we expect from this year’s cohort? Here are “elevator pitches” from two student entrepreneurs:

Vendoo

Venture: Vendoo

Founder: Thomas Rivas-Siles

Vendoo is an app that is focused solely on the seller side of an e-commerce transaction. It will save the seller time by posting on different marketplaces and being able to control all the listings from our app. Apart from saving time, we increase the probability of a sale by recommending marketplaces relevant to the item being posted based on its information. It is the one-stop app for sellers.

Venture: Kanvasroom

Founder: Aaron Pludwinski

Kanvasroom’s mission is to connect creative professionals around the world and give them the tools to create projects anywhere remotely. Members create multimedia portfolios that showcase their work to the creative industry. Top creative companies, recruiters, organizations, and more — come to Kanvasroom to see the incredible work and find talent to hire. Once hired, creatives can collaborate on projects using real-time video conferencing, sketching, brainstorming, payment tool and so much more all in one online workspaKRce. By creating an environment that allows creative teams to discover, hire, and collaborate, Kanvasroom has provided the most convenient and cost-effective method to outsource creative work, get hired, and create amazing projects.

Below is a complete list of the spring Hatch cohort and their ventures. For more information on the Fearless Founders program and how to apply, please click here.

Abb Kappoor & David Potter: Curu

Matthew Ernst: Homeless No More

Sumanth Jinagouda: Spot This

Victoria Tataw: Nails By Tataw

Thomas Rivas-Siles: Vendoo

Oru Wonodi: NOVA Prints & Apparel

Bret Caples: Campfire Marketing

Jamie Thompson: The Pregame Ritual

Shyon Parsadoust: Roll-A-Wire

Jacob Orbach: Trek

Aaron Pludwinski: Kanvasroom

Carlouie Nievera: Carlouie & Company

Dustin Ecton: Taptime TV

Saran Asfaw: East Habesha

Pablo Jodar: Paella Chef

Philemon Mastewal: Q

Louis-Philippe Jacobe de Naurois & Davit Sargsyan: Alma Sangría

Fearless Founders Complete Successful Semester by Winning Seed Funds

The Dingman Center’s Fearless Founders accelerator program guides the University of Maryland’s most entrepreneurial students from idea to launch. This experiential program demystifies the venture creation process by breaking it up into three stages: Idea Shell, Hatch and Terp Startup. At the recent Pitch Dingman Semifinal Competition, 10 students from the Idea Shell stage were awarded $500 seed grants provided by Capital One. These students spent much of the semester interviewing customers to validate ideas and developing a minimum viable product. At the final Idea Shell meeting, each founder pitched his or her idea in hopes of receiving one of the Capital One MVP grants. In the end, the following 10 startups received funding.

Idea Shell grant recipients.

Idea Shell $500 Capital One MVP grants:

Refresh

Founder: Carl Comasco

Currently, homeowners have to contact multiple contractors in order to get a home refreshed. Refresh is a service that will provide “one stop shop” for curb appeal improvement.

uBoard

Founder: Natalie Urban

uBoard manufactures and sells customizable headboards for college students. Customers can order any color or pattern they would like. For example, the company offers solid colors, the Maryland flag, and tapestry style patterns. The uBoard is high-quality, affordable for the college market and easy to install.

East Habesha

Founder: Saron Asfaw

East Habesha is a website that sells Ethiopian dresses and food spices to customers in the DC metropolitan area. There is a large population of Ethiopians in the DC metropolitan area and there are many vendors that supply these necessities. What makes this startup different is that the prices are low but the quality is high.

Rollawire

Founder: Shyon Parsadoust

RollaWire is a small earphone cord retracting device. Users place their earphones in the Rollawire device to prevent a dangerous and annoying tangled mess. The device keeps the earphones neat and organized. With RollaWire, users can retract  earphone cables and replace them if they break. An added benefit is that the user can extend the earphones out as far as desired because there is a lock.

Campfire Marketing

Founder: Bret Caples

A digital and experiential marketing firm that leverages the media assets of the university to provide custom marketing solutions to businesses in the area. The startup provides a community oriented approach to marketing consulting for the small to medium business and student groups who can’t afford large scale marketing efforts.

Snapvertise

Founder: Gabriel LaFranchi

Snapchat is the best way to connect and engage with customers through social media since it combines photos, videos, text and emojis. However, Snapchat is missing a key element, the search function. Snapvertise helps jumpstart and run company-centric Snapchat accounts  in order to increase followers who want to connect and engage with a company or brand.

Curu

Co-Founders: Ab Kapoor & David Potter

There are a lot of factors that determine your credit score, but no service that helps manage all of this chaos. Curu is here to alleviate that pain by providing the tools to clear up this gray area of credit and put users on the road to saving thousands. Through giving users a live Heads Up Display of factors influencing their credit, and a unique payment cycle to optimally increase a users credit score. Curu helps the user understand and take charge of their credit.

CellShare

Founder: John Harlepas

CellShare is a service that allows people to buy and sell data from each other. Essentially, it is Uber for data.

Queue

Founder: Philemon Mastewal

The current music selection process is a dictatorship where one person has full control. Queue allows users to select upcoming music choices so they can hear the music they want.

Pregrame Ritual

Founder: James Thompson

The Pregame Ritual is the most convenient and digestible way to receive sports news. Via a newsletter, the startup delivers everything a sports fan needs to stay in the loop. Pregame Ritual sends readers one email each weekday morning.

Capital One provides MVP grants in both the Idea Shell and Hatch phases of Fearless Founders. Learn more about the program by visiting our website.

CapitalOne-logo-copy
Tagged , , ,

Startup Founder Inspires Unique Company Culture

 

david picture

David Engle is the CEO and co-Founder of Demere.co, a a virtual clothing platform that allows users to upload photos of their garments and within 20 seconds – based on age, gender, weather, and personal style – Demere can predict the best outfit for the user to wear in addition to notifying them of what to purchase online to add to their current wardrobe, as well as while they are shopping in physical stores. Currently, the platform is in a private beta, which is one reason why David is participating in the the Dingman Center’s Terp Startup summer incubator program. Leading up to the full site launch in early fall, David and the Demere team are spending the summer collecting valuable user data to improve the platform. Continue reading

Tagged , , , ,

Inspired By Spanish Art, Student Launches Street-wear Brand

As a college student, Jordan Greenwald didn’t know he would become an entrepreneur. It wasn’t until an eye-opening study abroad trip to Spain that he realized he was destined to run his own company.

Greenwald-02Apr15-72 Continue reading

Tagged , , , , , ,

Terp Startup K. Sultana Creates Breathable Head Scarves For Muslim Women

Omar Goheer is on a mission to change the way Muslim women feel in a head scarf. His company, K.Sultana, was founded to solve the prevalent problem of discomfort from hot temperatures experienced by Muslim woman who wear the head scarf. These innovative scarves ventilate and provide comfort over the head and around the neck through the use of a unique blend of breathable and lightweight fabrics. The K. Sultana scarf can be worn over the head by women who wear the hijab or it can be used as the perfect fashion accessory for women who choose to not wear the hijab. K. Sultana also has a social impact component to the business, partnering with local homeless shelters to allow battered and abused Muslim women help sell the scarves in exchange for a sales commission.

download Continue reading

Tagged , , , , , , , ,

Terp Startup Javazen Is Putting a Healthy Twist On Your Morning Coffee

What comes to mind when you hear “the Arnold Palmer of coffee?” In the D.C. area, many people think Javazen.

3e1edownload

According to the company website, Javazen is organic coffee combined with premium teas and nutritious “superfoods,” including cacao and goji berries. Aaron Wallach, Eric Golman and Ryan Scheuler started the company in their college apartment while attending the University of Maryland. After recently graduating from UMD and making their first sales, the team decided to run Javazen full-time. Continue reading

Tagged , , , ,

Fearless Founders Confessions: Fei Mancho, Fancy Muffin

The Fearless Founders Confessions video series was created to give our community brief glimpses into the lives of student entrepreneurs. This video features Fei Mancho, founder of Fancy Muffin, an online store that specializes in eco-friendly, handmade tie-dye garments. Fei completed the Idea Shell stage of Fearless Founders this past spring semester and was awarded a $500 Capital One MVP Grant for her commitment to the customer discovery process. Watch the video below to meet this tie-dye fanatic turned entrepreneur.

Tagged , , , , , , ,