Introducing the Terp Toolkit and the Business Model Canvas

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.

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Fearless Founder of Puzzable featured in Huffington Post

Ghedalia Gold-Pastor, an undergraduate student at the University of Maryland and one of the Dingman Center’s Fearless Founders, was recently featured in the Huffington Post for his innovative and socially minded startup, Puzzable.puzzable.org:

While brainstorming one day, Ghedalia and his college roommate decided to channel their extra energy beyond the basketball court and start their own gaming startup. Their app, Puzzable, is a social gaming meets SnapChat concept that also empowers charities.

The grandson of a holocaust survivor, Ghedalia has a unique perspective on perseverance and brings this spirit in his approach to entrepreneurship. In the article he says, “There will be plenty of distractions and disappointments throughout the journey but as long as you maintain focus and continue to push forward you will reach your goals.”

Ghedalia is no stranger to hard work. After bootstrapping his company, he began seeking funding and secured an additional $2,000 from the Dingman Center. He is currently seeking an additional $250,000 to further grow Puzzable.

Click here to read more about Ghedalia’s entrepreneurship journey in the Huffington Post.

 

Interested in learning more about happenings at the Dingman Center and in the DC entrepreneurship ecosystem?

Sign up for the Dingman Center’s bi-weekly e-newsletter, The Pitch.

Elon Musk Opens Tesla’s Patents: Bad Management or Innovation Strategy?

Earlier this month Tesla announced that it would open the source for all its cutting edge electric car patents, leaving the business world wondering whether this was a strategic move or a management misstep.

Dr. Rajshree Agarwal, University of Maryland Ruldolph P. Lamone Chair and Professor in Entrepreneurship, recently sat down with Jeff Salkin on MPT.org’s “Your Money and Business” to discuss this bold move.Screenshot 2014-09-23 12.12.53

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Fearless Founder Brings Taste of the Islands to the DMV

Meet Tenaj Ferguson, Fearless Founder and CEO of Lady Epicure Gourmet.

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While attending the University of Maryland, Tenaj turned her passion for health, nutrition and her Bahamian culture into a thriving business. Today, Lady Epicure Gourmet brings a taste of the Bahama islands to their customers through their all-natural gourmet popsicle line.

We recently caught up with Tenaj to learn more about her journey and her tips for future fearless founders.

Bringing the islands to Maryland. Continue reading

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Introducing the New Fearless Founders Hatch Cohort

The Dingman Center is excited to announce the next class of student entrepreneurs who have graduated to the Fearless Founders Hatch course. These entrepreneurs have completed important milestones from the Idea Shell stage, including customer development and building their minimum viable products. Now in the Hatch class, students will use the lean launchpad methodology to further develop their ideas, iterate 1their 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.

Meet our Fall 2014 Fearless Founders Hatch Cohort: Continue reading

Beyond the Classroom: Dingman EIRs, Staff and Faculty in the News

Those who spend a lot of time in Van Munching Hall know that the Dingman Center is an excellent resource for student entrepreneurs at the University of Maryland.

But, Dingman’s EIRs (Entrepreneurs in Residence), staff and faculty are not only dedicated to entrepreneurship and innovation on campus — many of them are also entrepreneurs themselves or thought leaders in the field.

Here’s a look at what our talented faculty and staff have been up to off-campus: Continue reading

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Terp Startup Kivvik Is Helping College Students Find Jobs

By Danielle Bennings

20140304061411-Kivvik-Logo-GreenCo-Founders Emmanuel Kaska and Chike Nwankwo first began developing their idea for Kivvik during the summer of 2013. Their original goal was to build a platform that would help college students find jobs. After examining the market through months of customer interviews during the Fearless Founders program, they discovered that there was a divide in the way businesses hire candidates. Large enterprise companies such as GE and Boston Consulting have the capital to assess all their candidates with behavioral analysis assessments, in tandem with an interview. As a result, they are able to receive a full picture of their candidates. Chike and Emmanuel saw an opportunity to partner with universities to deliver robust assessments to businesses that cannot afford to pay thousands of dollars for all candidates to take assessments.

Since then, Kivvik has formed a full team including Jeremy Horowitz, VP of Marketing, as well as messaging, assessment and sales staff. The current version of Kivvik’s product is designed to integrate various assessments covering the categories of risk and stress analysis, emotional intelligence, and critical thinking to provide employers with complete candidate recommendations.

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Fearless Founder Helps Those with Curly Hair Find the Right Products

By Danielle Bennings

Fredrica Antwi is the founder of Locks of Curls, a customized subscription box service for people with naturally curly hair. She’s tackling a problem that curly haired people have known forever: not all curls are the same and thus cannot be treated the same. To help the millions of people taming their curly hair users of Locks of Curls receive five sample sizes of products chosen specifically for them based on a questionnaire that they fill out on the Locks of Curls web site. After a few months, users should be able to identify products that work for their hair and lifestyle.

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Meet Fearless Founder Chris Lane

By Danielle Bennings

Chris Lane is a Smith School student that wears many hats: entrepreneur, Fearless Founder and campus leader, just to name a few. The role we at the Dingman Center know him best for is founder and CEO of Procity, a University of Maryland service network that rewards users for doing Procity Logo 2014 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.

Procity Team Continue reading

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Catching Up With Dingman Venture Fellow Bethy Hagan

By Danielle Bennings

Second-year MBA student, Bethy Hagan was not the traditional MBA candidate. After completing her undergraduate degree in liberal arts at the University of Virgina, she wasn’t interested in the corporate culture and stumbled into a job at a startup in California. Although it wasn’t what she initially envisioned for herself, Bethy fell in love with the exciting startup culture on the west coast. Knowing she wanted to move back to her hometown of Baltimore, MD, she searched for top-tier entrepreneurship centers in the area, which brought her to the Smith School and the Dingman Center for Entrepreneurship. Bethy dove in head first during her first year as a Smith MBA. You may remember her as one of the guest bloggers from the AdVENTURE Challenge: China and as a member of the winning team at the China Business Model competition!

 

Grand Prize winning team, Wireless ISP, with Smith School and Peking University leadership.

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