Tag Archives: entrepreneurship

Smith Centers of Excellence and SERC to Present JOBS Act Panel: “How To Protect The Crowd In Crowdfunding”

It has been three years since Obama’s historic signing of the JOBS Act, which was enacted as a way to help small businesses, the lifeblood of job growth in the U.S., more easily obtain funding by easing securities regulations. Since 2012, the entrepreneurial community has eagerly awaited the SEC’s final guidance on the rules regarding crowdfunding.

It appears that the SEC is close to issuing rules on how the Act will affect equity investments of non-accredited investors in small businesses and startups, particularly through crowdfunding vehicles.

jobs-act-senate-passesOn Friday, May 8, the Smith School’s Center for Financial Policy, Dingman Center for Entrepreneurship and the Smith Entrepreneurship Research Conference will host a panel discussion among experts from the academic, regulatory and entrepreneurial communities on how to regulate the industry in a way that protects investors from fraudulent activity while preserving the spirit of the JOBS Act.

The panel will be moderated by Brent Goldfarb, Academic Director at the Dingman Center and Associate Professor.

The panelists will include:

  • Wayne Kimmel, Founder and Managing Partner, Seventy-Six Capital
  • David Lynn, Partner, Morrison & Forester, and former Chief Counsel of the Division of Corporation Finance at the U.S. Securities and Exchange Commission
  • Ramana Nanda, Associate Professor of Business Administration, Harvard University
  • Brian Knight, Associate Director, Financial Policy, Center for Financial Markets, Milken Institute

The panel culminates the annual invitation-only Smith Entrepreneurship Research Conference hosted by the University of Maryland, which is attended by faculty from leading academic institutions (e.g., Wharton, Stanford and MIT). Leading researchers and rising stars in entrepreneurship research gather to discuss relevant social, economic and organizational issues around entrepreneurship.

The crowdfunding panel is the only session open to the public. Join us for the event, which will be held in Tyser Auditorium, Van Munching Hall at 3:30 on Friday, May 8. For more event details, please click here.

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Part-time MBA Launches Grey Matter, A Terp Startup that Protects First Responders

WebImagine a technology that could protect first responders and law enforcement agents from dangerous chemicals.

Not only would the technology protect agents from such chemicals, it would actually block the chemicals from clothing, turn them into water and cause the toxic chemicals to evaporate before even having a chance to touch agents’ skin. That is what the technology behind DC-area startup, Grey Matter, claims to deliver.

The venture, co-founded by part-time Smith MBA student Tommy Luginbill, recently secured $75,000 in federal grant funding to bring this potentially lifesaving, self-decontaminating clothing technology to agents in the field.

How did Grey Matter get its start?

Tommy Luginbill, Grey Matter

Tommy Luginbill, Grey Matter

Tommy Luginbill is no stranger to entrepreneurship. A part-time MBA student, Tommy comes from a line of entrepreneurs and even helped to start a family-run solar contracting business before business school. Given his strong interest in startups, Tommy started hanging out at the Dingman Center (one of the resources that drew him to UMD) and even pitched an idea to an EIR for an energy software venture.

Dr. Brandy Johnson, Ph.D.

Dr. Brandy Johnson, Ph.D.

As Terps are known to do, Tommy worked tirelessly and fearlessly dove into the courses available around the Smith School, including the Fearless Founders program. He learned of a new pilot program at the time on campus called iCorps, which matched business students with lab innovations to identify viable commercialization paths. It was here that Tommy met inventor Dr. Brandy Johnson, a Ph.D. working in the Naval Research Lab.

Dr. Johnson was developing smart anti-decontaminating materials made from chitosan, a biopolymer made by treating recycled crab shells. Tommy knew about the lean startup methodology, how to create a business plan, and how to conduct customer discover and identify markets.

And Grey Matter was born.

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Announcing the Spring 2015 Pitch Dingman Competition Winners

Last week’s snow storm couldn’t keep the Smith community from celebrating student entrepreneurship at the spring 2015 Pitch Dingman Competition. Held twice annually, the competition gives student entrepreneurs the opportunity to apply and compete for $3,500 in startup funding.

Five finalists were selected to pitch their businesses to a packed auditorium and all-star judges panel on Wednesday, March 4 at Van Munching Hall. The judging panel included Asher Epstein, COO of Access Health Group; Harry Geller, Entrepreneur in Residence at Dingman Center for Entrepreneurship; Liz Sara, CEO of Best Marketing LLC; Mark Walsh, Founder & CEO of Genius Rocket; and Tien Wong, CEO of Opus8, Inc. (pictured below with Elana Fine, Managing Director of the Dingman Center for Entrepreneurship).

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Elana Fine, Asher Epstein, Mark Walsh, Harry Geller, Liz Sara and Tien Wong.

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Finalists Announced for Spring Pitch Dingman Competition: RSVP Today

CaptureOn March 4th, five Terp start-ups will compete for $3,500 in funding at the semi-annual Pitch Dingman Competition, which will be held from 6:00-7:30 p.m. in Tyser Auditorium, Van Munching Hall. The finalists will each have 6 minutes to pitch their business before the UMD community.

An all-star panel of judges will select the most promising companies to walk away with the cash prizes.  The audience will also have the chance to text-to-vote for their favorite company and award them the $500 Audience Choice Award. Make sure you register to attend and bring a friend to cast your votes at the competition!

Meet the finalists:

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Thinking about applying to a business competition? Five tips from Elana Fine

For b-schools, incubators and other organizations that support startups, business competitions are very hot right now. For entrepreneurs, they can be great opportunities to flex your entrepreneurial muscles and gain traction for your startup or business idea.

CC-04Apr14-635_hr However, with a seemingly endless list of competitions to choose from and limited time, how do you decide which competitions to enter?

Here are five things to consider from Dingman Center Managing Director, Elana Fine:

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Terp Toolkit: Building the Right Entrepreneurial Board

Research by Christine Beckman, Originally published in Research@Smith, Volume 15, No 1

Entrepreneurial boards typically stay actively involved in the growth of a new venture and can be critical to the company’s success. So it is important for startups to know which types of people they should offer board seats to.

boardChristine Beckman, associate professor of management and organization at the Robert H. Smith School of Business and Academic Director at UMD’s Center for Social Value Creation, looked at the influence of entrepreneurial boards and the makeup that helps startups grow quickly in a paper she co-coauthored for Academy of Management Journal. The authors followed 105 semiconductor firms founded in the United States from 1977 through 1990 to see how well the companies did and how the inaugural board members impacted success.

Continue reading for key findings from Professor Beckman’s study and takeaways to build an effective board for your startup.

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What’s Happening at the Dingman Center?

Every two weeks, the Dingman Center distributes The Pitch, which highlights important happenings in our community. In case you missed it, here’s a look at what’s up in entrepreneurship:

 Big Idea CONNECTpreneur FORUM is Back!

On December 4th, the Big Idea CONNECTpreneur Forum is back and promises to be better than ever. The quarterly event, which will be held at the Tysons Corner Marriott from 7-11a.m., brings together over 300 of the top founders, angel investors, CXOs, VCs and business leaders from the mid-Atlantic region. This unique event features a morning of awesome networking, newsmaking speakers and a showcase of exciting companies, including Dingman portfolio company, Naaya.

Register by December 1st to receive a special Thanksgiving discount rate.

connectpreneur

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Event Recap: The Silk Road Rediscovered with Professor Anil Gupta

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Professor Anil Gupta, Dingman Chair in Strategy & Entrepreneurship

Global Entrepreneurship Week is a celebration of just that: innovators who give life to new ventures that drive economic and social value creation everyday around the world.  Who better to talk with Smith School students about the importance of international entrepreneurship than than global innovation expert, Professor Anil Gupta, the Michael Dingman Chair in Strategy and Globalization at the University of Maryland’s Robert H. Smith School of Business.

On Wednesday, Nov.19, Prof. Gupta led a lunchtime discussion with Smith graduate students and faculty around his latest book, “The Silk Road Rediscovered,” which examines the business and cultural relationships between the emerging countries, India and China.

Though these countries have been around for thousands of years, India and China are more entrepreneurial than ever. As Prof. Gupta shared, these economic super-giants are growing faster than ever, and are poised to surpass the GDP of the developed countries such as the U.S., Japan and Germany in the next 10-20 years.

“Professor Gupta gave very interesting insights into India and China,” said Seth Faulb, a 2015 MBA candidate and president of Smith’s Entrepreneurship Club. “The most interesting thing from the discussion, I thought, was how in the last 2,000 years the global economy was dominated by these two countries and, given conservative estimates, it is very likely to return that way in only 10 years. It sounds to me like the more developed world needs another huge event like the industrial revolution to keep the competitive advantage they have held for the last 100 or so years.”

As future business leaders, a solid understanding of the economic growth and business opportunities in China and India is paramount. At Smith, we are privileged to have such worldly, expert professors, like Prof. Gupta, who can share not only the business implications but also the cultural nuances that will help us work more effectively with diverse teams.

“No matter what career path we are pursuing, at some point it will be very beneficial to have an understanding of the Chinese and Indian economies and the unique characteristics that define each,” said attendee and 2015 MBA candidate, Patrick Gillece. “There are few people who are as knowledgeable and as effective in communicating those issues as Dr. Gupta, so I really appreciated the opportunity to hear from such a renowned expert in the field.”

Anil K. Gupta is the Michael Dingman Chair in Global Strategy & Entrepreneurship at the Smith School of Business, at the University of Maryland at College Park. He is widely regarded as one of the world’s leading experts on strategy, entrepreneurship and globalization. Thinkers50 has named him as one of the world’s 50 most influential management thinkers and has been named by The Economist as one of the world’s “superstars” in a cover story on “Innovation in Emerging Economies.” Click here for more information about Dr. Gupta and his latest book, “The Silk Road Rediscovered.”

IMG_5316The Dingman Center for Entrepreneurship and the Office of Global Initiatives lead a program that brings Smith MBA students to China each year. This year, students will travel from Shanghai to Beijing where they will participate in the 9th Annual China Business Model Competition. Click here to register or learn more about the program.

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Do you have what it takes? Top 10 Reasons to Apply to Cupid’s Cup 

Kevin Plank’96, founder and CEO of Under Armour, is looking for the world’s most passionate student entrepreneurs for the 10th Annual Cupid’s Cup. If you are a student entrepreneur with a game-changing business idea, here are 10 reasons you should apply today.

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Announcing the Pitch Dingman Competition Finalists

As the Dingman Center for Entrepreneurship gears up for Global Entrepreneurship Week, the countdown is on for its signature event, the Pitch Dingman Competition. On November 20, five student entrepreneurs will pitch their businesses to a panel of judges to compete for $3,500 in cash prizes.

This year, we received the most applications in the competition’s history. The pool of applicants was narrowed to ten, who then each gave a six-minute pitch to the Dingman Center team. From there, five companies were selected to compete at the Pitch Dingman Competition.

Meet our five finalists.

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