Tag Archives: entrepreneurs

Worth Reading 11/8/13


Global Entrepreneurship Week is coming up and we have a full lineup of events planned. We’ll be highlighting the events on Twitter and our new Instagram account! Be sure to folow us for behind the scenes picutres. Instagram: dingmancenter

Now, here’s what’s worth reading.

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Introducing The Fearless Founders


The Fearless Founders program helps prepare student entrepreneurs from idea generation to business launch. The program demystifies the venture creation process by dividing it into three stages: Idea Shell, Hatch, and Terp Startup, each of which with its own deliverables. Powered by the Dingman Center for Entrepreneurship in partnership with the Maryland Technology Enterprise Institute (Mtech), the program will offer students with necessary resources to meet their business requirements.

In this first Idea Shell cohort, the goal for the teams is to identify the value proposition through market research and the customer discovery process. They will participate in a series of workshops over the course of seven weeks and learn the necessary skills to refine their business and better understand their customers. In the final week, each team will be required to present on their progress and will receive $500 dollars in seed funding.

This fall, we were impressed by the quality and number of applications, but ultimately selected 22 teams for the first Idea Shell cohort. Congratulations to all the teams!

417 App Studios
Ghedalia, Gold-Pastor Major: Mechanical Engineering
Zach Matz Major: Kinesiology
Ed Luo Major: Finance

Advanced Heliostats
Andrew Oles Major: Mechanical Engineering

Carson, Myers Major: Computer Engineering
Daniel Bolton Major: Mechanical Engineering
Manjur Ahmed Major: Electrical Engineering

Bacon Barbell
Toni, Zhang Major: Marketing and Neurobiology

Casco Tech
Pedro Henrique, Santos Carvalho Major: Civil Engineering
Felipe Israel, Camargo Pereira Major: Computer Science

Color Changing Soap
Erica, Long Major: MBA
Laura, Long Major: MBA

Ethical Clothing
Chetan, Singh Major: Economics

Food Recovery Network
Ben Simon Major: Government and Politics
Evan Lutz Major: Business

Thomas, Luginbill Major: Entrepreneurship

Obidi, Orakwusi Major: Government and politics
Kachi Ilochonowu Major: Economics

Eric, Mintzer Major: Business Management
Anthony, Ingelido

Aaron, Schwartz Major: Economics

Live Unchained
Kathryn, Buford Major: Sociology
Gary Fong

Meir, Snyder Major: Entrepreneurial Operations

Parallel Tracks
Daniel, Noskin Major: Business Management and Marketing

Mohsen, Farshneshani Major: Government and Politics
Mohsen Farshneshani, Lamar Rogers

Prasidiux, LLC
Kevin, Diehn Major: Chemical Engineering
Bani Cipriano Major: Chemical Engineering

Rafiki Beads
Kikanae, Punyua Major: Economics
Mackenzie Burnett Major: Government and Politics

Sweet Buds
Allan, Nicholas Major: Engineering and Business
Erica Yingling Major: Biology
Ningwei Li Major: Finance and Economics
Peter Weng Major: Biology

The Island Pop Shop
Tenaj, Ferguson Major: Nutrition and Food Science

Scott, Block Major: Information Systems
Justin, Searles

We wish all the participating teams good luck. We will keep our readers updated on their progress in future blog posts. Stay tuned!

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7 Things I’ve Learned About Student Entrepreneurs

People are often surprised at how many students are starting businesses. We see it everyday. From engineers, to journalists, to student athletes, a few things are common among young Terps who work with the Dingman Center. Here are seven things I’ve learned about today’s generation of entrepreneurs:

7. They can dream up a new startup idea every hour and get enthusiastic about it every time.
Justin Searles of VentureBoard has pitched 3 ideas during his time at Maryland; each one better than the last.

6. Student entrepreneurs are great multitaskers. They can work on several startups at a time, all the while managing coursework load and maintaining their grades. 
Ben Simon is putting an equal amount of energy into 2 startups: Food Recovery Network and MyMaryland.net

5. They prefer to work on their startups at night—that’s when Dingman shared work-space is buzzing with activity.
You can often find Cristina Huidobro and her twin sister Catalina working on Destinalo in the Dingman Center’s bullpen.

4. Student entrepreneurs don’t think they know it all. In fact, they prefer getting advice and coaching from seasoned entrepreneurs over figuring everything out on their own.
161 students pitched their business ideas to our entrepreneurs-in-residence this past year.

3. They aren’t afraid to share their ideas, offer advice and help each other, even if it means helping their competition.
Daniel Noskin of Parallel Tracks helped fellow Pitch Dingman Competition competitor Suyash Mehta of UPride to perfect his pitch and win 2nd place.

2. They prefer to work in a small startup space rather than in a nice corporate office.
Ben Solomon just completed his MBA, but instead of looking for a corporate job he plans on working on his startup The Hyperion Project from a local business incubator.

1. While they are risk-takers, they are not reckless and take calculated risks.
Eric Mintzer of imagine(x) lined up paying customers before quitting his job and working on his startup full-time.

The campus is mostly quiet during the summer so I can’t wait for the students to return in August full of fresh ideas and determination. Who knows? Maybe there will be even more to learn from a new class of student entrepreneurs.

ACheadshotSince joining the Dingman Center for Entrepreneurship in 2008, Alla Corey has been managing the center’s service offerings for student entrepreneurs including Pitch Dingman, Dingman Jumpstart, EnTERPreneur Academy, Terp Marketplace, and Cupid’s Cup Business Competition. Prior to joining the Dingman Center, Alla spent 8 years in the publishing industry. Alla graduated from the part-time MBA program at the Robert H. Smith School of Business in May 2013 and is re-discovering TV, movies and books in her newly found leisure time.
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