Everyday at the Dingman Center, students drop by, or send us emails, with questions on how to get started with their entrepreneurial ideas. We love connecting with UMD students and continuously look for new ways to support your fearless ventures!
As an additional resource to our future Fearless Founders, we are launching the Terp Toolkit. In this series of blog posts, we’ll provide regular updates with practical tips for folks interested in entrepreneurship.
Now, let’s get started…
Long gone are the days of the traditional business plan. With the influence of the lean startup methodology and the business model generation, entrepreneurs are turning to the business model canvas to develop, iterate and launch their businesses or innovate within existing organizations.




their business models, and perfect their pitches. During the first class, Elana Fine set the tone for the semester by telling the cohort they would each be expected to conduct 100 customer interviews. Throughout the semester they will also build experiments, find metrics that matter and measure them, and finally learn from key assumptions. Then lather, rinse and repeat.
Co-Founders Emmanuel Kaska and Chike Nwankwo first began developing their idea for 

good. Chris got the idea for Procity, during his first semester at UMD. While taking a Psychology 101 course, he learned about reciprocity; doing something good that may result in getting something good in return, but not asking for it. Chris developed Procity to combat the idea that money is the only value in society. Using his platform, you can do good in your community and receive rewards such as discounts from restaurants or ProPoints used to obtain items from the site. The company launched on September 17, 2013 and now has more than 470 users.
