Tag Archives: iCorps

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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Dingman Jumpstarts Alumni Ventures

The Dingman Center has many entrepreneurship programs available to University of Maryland (UMD) students currently on campus. However, lately we noticed that the resources available to Terp alumni were a bit lacking. UMD has some of the most entrepreneurial alumni out there and the Dingman Center is poised to provide these alumni with the same venture creation methodologies we teach current students. This winter, the Center will launch Dingman Jumpstart, a startup boot camp designed exclusively for UMD alumni. The program will allow alumni to test their early stage venture’s hypotheses and conduct meaningful customer discovery in a short period of time. At the end of the program, which includes a boot camp weekend in January then two follow up meetings in February and March, each venture within the program should have a clear “go” or “no-go” decision.

 

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The Opportunity:

Each year, the National Science Foundation (NSF) invests billions of dollars into the R&D of innovative technologies. With the help of a national program called I-Corps, and through national and regional partnerships with top business schools across the country, these and other federally-funded research projects are given the entrepreneurial tools needed to succeed in the market. I-Corps participants go through a rigorous startup curriculum, developed in collaboration with lean launchpad pioneer Steve Blank, who was instrumental in coining the customer discovery methodology that played a huge part in launching the lean startup movement.

NSF selected a consortium including UMD, George Washington University and Virginia Tech to create the regional DC I-Corps program. Educators and local thought leaders in entrepreneurship make up the teaching faculty for the program. Last winter, Dingman Center Managing Director Elana Fine was recruited to join the teaching faculty and spent months teaching and advising I-Corps ventures.

The Result:

With the I-Corps curriculum now in Dingman’s toolkit, we considered how we could bring these skills to the Terp community, and the idea for Dingman Jumpstart was hatched.

“Jumpstart is really exciting for both Maryland alumni and the Dingman Center. For alumni, it’s an opportunity to access all of the resources available at the Dingman Center, which they may not have known about or accessed while in school,” said Fine. “This program is also a way for us to continue to provide value and support to our entrepreneurial alumni well-beyond graduation.”

In addition to Fine, who has been named one of DC’s “Power Women in Tech,” the Dingman Jumpstart faculty includes fellow DC I-Corps faculty member, Dean Chang.

Applications for Dingman Jumpstart are open now through December 12, 2014. Click here for more information and to apply.

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