Tag Archives: entrepreneurship

Terp Startup Verdant Innovatives Uses Patented Technology to Create Small Scale Wind Turbines

This summer, the Dingman Center will be conducting interviews with the ten student startups who are participating in the Terp Startup summer accelerator phase of our Fearless Founders program. Participating student entrepreneurs received a stipend up to $5,000 that would enable them to work exclusively on their startups over eight weeks in the summer.

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verdant-01Verdant Innovatives

Founder & CEO: Anjik Ghosh ’18, Biology major, Business minor

DC: Tell us about your startup. What problem are you solving and for whom?

Ghosh: Verdant Innovatives uses patented technology to provide wind energy for individual homeowners in the DC-Maryland-Virginia (DMV) metropolitan area, as well as local companies and larger organizations. In addition to the commercial market, Verdant Innovatives will partner with aid organizations to provide power to impoverished and disaster areas around the world.

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Terp Startup Tommy WARES Makes Ethically Sourced Custom T-Shirts

This summer, the Dingman Center will be conducting interviews with the ten student startups who are participating in the Terp Startup summer accelerator phase of our Fearless Founders program. Participating student entrepreneurs received a stipend up to $5,000 that would enable them to work exclusively on their startups over eight weeks in the summer.

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Tommy WARES.pngTommy WARES

Founder & CEO: Tommy Piantone ’18, Information Systems major

DC: Tell us about your startup. What problem are you solving and for whom?

Piantone: Countless small organizations spend a lot of resources organizing custom t-shirt orders for members of their community. Organizing a bulk t-shirt order takes a lot of time, energy and money that an organization could be spending on its real missions and goals. Rather than charging an organization for custom apparel, Tommy WARES helps organizations raise money through their apparel orders. We charge zero set-up fees and sell shirts to individual members of the organization’s community. For every shirt sold, we split the proceeds with our partnering organization 50/50. Our shirts are all union made in the USA and printed on only organic fibers.

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Gender & Entrepreneurship at the Smith Entrepreneurship Research Conference

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Left to right: Mabel Abraham, David Ross, Dolly Oberoi and Rajshree Agarwal

by: Karolyn Maynard MBA ’18

On Friday April 20th, at the 14th Annual Smith Entrepreneurship Research Conference chaired by Professors Anil Gupta and David Kirsch, the Dingman Center’s Ladies First Initiative sponsored a panel discussion, “Gender and Entrepreneurship: Past, Present and Future.”

Sara Herald, our Ladies First champion, shared a thought-provoking statement to introduce the panel discussion: she described the mission of the Ladies First initiative as focused upon understanding the different barriers that female students face and how we can fix the system, not fix the women.

This was an apt introduction to spur further investigation in the area of gender and entrepreneurship, which brought 2 researchers, Mabel Abraham from Columbia University and David Ross from University of Florida, together with Dolly Oberoi, Co-Founder and Chairman of C2 Technologies, to discuss the topic of female entrepreneurship in the US.

The session chair and moderator, Rajshree Agarwal, asked salient questions and highlighted the reality that being a female founder has nearly universally negative outcomes, particularly  in the US. As researchers and founders discussed the hypotheses and reasons for this, something became increasingly clear—even though the barriers have been reduced, it is a misconception to think that the barriers are gone.

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Celebrating Entrepreneurship Day in Van Munching Hall

By: Eric Elliot

The Dingman Center is lucky to be a part of a fantastic community filled with motivated student and alumni entrepreneurs. To celebrate this strong spirit of entrepreneurship at UMD, we hosted Entrepreneurship Day on Tuesday, April 17, which featured student startups at Terp Marketplace during the afternoon and serial technology entrepreneur Raul Fernandez at the Robert G. Hisaoka Speaker Series later that evening.

Terp Marketplace

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Terp Marketplace was an opportunity for student startups to showcase and sell their products & services directly to the Smith community. This semester, we had a huge turnout from students, staff, faculty and alumni who were eager to see the 30 startups on display. A few participants featured included Pitch Dingman Competition second place winner Brianna Queen ’18 of BEEQBOX with her popular F*ckboy Repellent illuminating setting spray, and alumni startup FroDoh, who brought samples of their tasty frozen doughnut holes. The students who participated have taken part in our Fearless Founders Accelerator program, Ladies First Founders or Professor David Kressler’s 461 Entrepreneurship class.

Robert G. Hisaoka Speaker Series featuring Raul Fernandez

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UMD alumnus and highly successful entrepreneur Raul Fernandez ’90 traveled to Van Munching Hall for an intimate conversation with Robert Hisaoka ’79 on his experiences in entrepreneurship. As the former founder of Proxicom and currently the Vice Chairman and Owner of Monumental Sports & Entertainment, Raul shared some of the key lessons he learned through his journey and valuable pieces of advice for aspiring entrepreneurs.

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10 Things to Know About Raul Fernandez

by: Eric Elliot

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The next Robert G. Hisaoka Speaker Series takes place on April 17 at 6 p.m. in Frank Auditorium and will feature UMD alumnus Raul Fernandez ’90, the current Vice Chairman of Monumental Sports & Entertainment. Click here to register for the event and read on for some interesting facts about this successful entrepreneur and philanthropist!

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An Interview with Pitch Dingman Competition Finalist: Symbiont Health

In anticipation of the final round of the 2018 Pitch Dingman Competition, the Dingman Center is interviewing each of the five startup finalists about their progress and upcoming challenges as they prepare to compete for the $15,000 Grand Prize on March 6 in the Grand Ballroom of Stamp Student Union. Learn more and register to attend the competition here.

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Erich Meissner, CEO; Maria Chen, CMO; Kyle Liu, CTO

Symbiont Health

Erich Meissner, CEO
Maria Chen, CMO
Kyle Liu, CTO

Logo&Slogan.pngSenior electrical engineering major Erich Meissner came up with the idea for a new kind of wearable fall detection device after his grandmother experienced a fall. He learned from her doctor that over 40% of senior falls are due to syncopy, a sudden loss of consciousness, which isn’t solved by common fall notification systems like Life Alert that require users to press a button. Furthermore, his grandmother had a Life Alert but wasn’t wearing it at the time—many seniors feel these devices carry an unwanted stigma advertising their loss of independence. Teaming up with junior pre-med student Maria Chen and sophomore computer science major Kyle Liu, Erich launched Symbiont Health to tackle the issue of unconscious elderly falls. In 2017, they competed in the Do Good Challenge and took second place in the Ventures track, then participated in the Terp Startup summer incubator phase of our Fearless Founders Accelerator. Leading up to Pitch Dingman Competition Finals, Symbiont Health has tested more subtle wearable devices as well as WiFi Mesh Networking solutions to detect falls.

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Pitch Dingman Competition Semifinals Recap

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This past Thursday, we hosted our annual Pitch Dingman Competition Semifinals in the Frank Auditorium of Van Munching Hall. With the recent news that University of Maryland had risen to #8 in the country in undergraduate entrepreneurship education, it was no surprise to see the room filled with attendees enthusiastically cheering for this extraordinary group of student founders.

Chaired by generous donor and UMD alumnus Robert G. Hisaoka, this year’s Pitch Dingman Competition Semifinals was preceded by an announcement for the new Hisaoka Entrepreneurs program. As part of the program, each semifinalist team will receive mentoring, coaching and additional funding to accelerate their venture toward success.

With only 4 minutes to present and 2 minutes for Q&A from judges, the 10 semifinalists all pitched their businesses admirably, but in the end, the judges chose these six exemplary startups to advance to the Finals:

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7 Life Lessons from the Robert G. Hisaoka Speaker Series feat. Ted Leonsis

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by: Mandar Kashikar MBA ’19

As I scrambled to find an open seat in a jam-packed auditorium, I knew that this was going to be amazing start to the Robert G. Hisaoka Speaker series. We had, on campus, two of the most influential businessmen known locally as well as nationally. Soon enough, Elana Fine, Executive Director of the Dingman Center, took the stage to elegantly inaugurate the event, describing the objective of the event to enable student learning by bringing business leaders and entrepreneurs to campus. Dean Alex Triantis further took the stage to introduce Bob Hisaoka, the man behind the Robert G. Hisaoka Speaker series. As a student, I couldn’t imagine a better opportunity to learn about business and entrepreneurship. It was an entrepreneurial journey of 40 years packed into 2 hours. Crash course—Entrepreneurship!

As Bob Hisaoka went on to introduce Ted Leonsis, it seemed like the list of achievements would never end. Ted is an Internet industry pioneer and serial entrepreneur. He helped build AOL into the global business it is today. Under his leadership, AOL increased its membership from under 800,000 members to over 8 million, and their annual revenue increased from $100 million to $1.5 billion. He is the owner and CEO of Monumental Sports & Entertainment, which owns and operates the NHL’s Washington Capitals and other sports properties. Additionally, he serves on the board of directors at Groupon as well as American Express. But his accomplishments don’t stop there. Ted is an award-winning producer of documentaries, and the founder and chairman of SnagFilms. His philanthropic efforts are many and his impact on society continues to grow to this day.

Life Lesson 1: Little things if done well go a long way!

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Leveling the Playing Field for Cybersecurity with Terp Startup Dark Sonar

This summer, the Dingman Center will be conducting interviews with the eight student startups who are participating in the Terp Startup summer incubator phase of our Fearless Founders accelerator program. Participating student entrepreneurs received a stipend up to $5,000 that would enable them to work exclusively on their startups over eight weeks in the summer.

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Dark Sonar

Representing cybersecurity startup Dark Sonar in Terp Startup this summer is COO and co-founder Brian Freeman, a rising mechanical engineering junior at University of Maryland. He joined the founding team after CEO George Lee, a rising senior finance major, and CTO Simon Schlegel, a rising senior computer science major, began developing cybersecurity software that is both simple to integrate and affordable for businesses of all sizes. Dark Sonar’s competitors are primarily focused on fraudulent transactions for large corporations, and charge an appropriately large amount for the privilege. The founders of Dark Sonar are looking to focus on the needs of a target market that has been largely ignored by the cybersecurity industry—small and medium sized businesses. The customizable and adaptable subscription model of Dark Sonar will make it easier for any business, big or small, to combat identity fraud.

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Find Your Friends and Cool Events with Terp Startup Flee

This summer, the Dingman Center will be conducting interviews with the nine student startups who are participating in the Terp Startup summer incubator phase of our Fearless Founders accelerator program. Participating student entrepreneurs received a stipend up to $5,000 that would enable them to work exclusively on their startups over eight weeks in the summer.

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Flee

Didac Hormiga, a rising junior at University of Maryland, is the founder and CEO of Flee (Find Local Events and Entertainment), a location-based social media app that helps people find events and entertainment happening around them. As a marketing and information systems double-major with a minor in technology entrepreneurship and a knack for design (he designed the wireframes for the app himself), Didac’s diverse skillset is complemented by his CTO, Ian Sawyer, whom he met while interning at Talk Local. Together, they’re developing a platform with features such as video stories, discounts and transportation options that provide convenient benefits to both users and venues who partner with the app. Friends find cool events to attend together, venues gain access to an effective marketing channel, and everyone gets to have fun.

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