Tag Archives: kevin plank

Worth Reading 12/6/13

As of today, there is one month left to apply for Cupid’s Cup. We have received  many impressive applications from all over the country, and we are still looking for more. Interested in total of $115K in cash prizes? Want to compete in the nation’s toughest competition? How about exclusive access to Kevin Plank‘s professional network? Don’t hesitate, apply for Cupid’s Cup right now and impress us with your brilliant business!

Now, let’s check out the Worth Reading for this week.

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Alla Corey Recaps the 2013 Cupid’s Cup

By Alla Corey, Program Manager at the Dingman Center for Entrepreneurship
Originally posted in the Smith School Part-Time MBA Blog.

Cupids Cup - pic 2While there are plenty of business plan competitions, the Cupid’s Cup Business Competition is the only one of its kind – students must be beyond writing a plan and have an operating business. This raises the bar significantly and makes the competition a lot more interesting.

Judged and sponsored by Kevin Plank’96, founder and CEO or Under Armour, Cupid’s Cup was launched in 2006 and has grown from a small event in Van Munching Hall to a national competition and showcase with 1,000 attendees.

This year the event was held April 5 at UMD’s College Park campus, hosted by the Dingman Center for Entrepreneurship. Six finalist startups from across the nation had six minutes to deliver a business pitch to Plank and a panel of five other judges in front of 1,000 attendees at UMD’s Clarice Smith Performing Arts Center. The audience also heard Plank’s words of inspiration on building a business as he rallied the entrepreneurs in attendance.

Cupids cup - pic 3The University of Maryland’s Earth Starter, maker of the Nourishmat modular garden kit, took home $52,500 as the Grand Prize Winner and Audience Choice Award Winner. Earth Starter will also benefit from exclusive access to Plank’s professional network, one of the added bonuses of winning this year’s expanded competition.

Here is the breakdown of all winners:

cupids cup - pic 5$50,000, 1st place: Earth Starter LLC, University of Maryland – maker of products to accelerate and simplify growth and yield for garden

$15,000, 2nd place: CoverPlay LLC, University of Virginia – maker of an ultra-thin Bluetooth speaker for mobile devices called the Mojo

$5,000, 3rd place: Diagnostic anSERS, University of Maryland – maker of ink-jet printed sensors for detecting trace amounts of chemicals, from explosives to narcotics

$2,500, Audience Choice Award, decided by text voting during the event – Earth Starter LLC (sponsored by Sam Medile ’80, a successful entrepreneur and former Terp student athlete)

Medile also sponsored a $5,000 prize for the University of Maryland company who best leveraged all of the university’s resources in launching their company, which went to Diagnostic anSERS. UMD applicants who made it to the semifinal round of Cupid’s Cup were eligible.

The day also included the Business & Innovation Showcase, sponsored by BB&T, highlighting more than 50 campus and regional startups and entrepreneurship organizations in a lively tradeshow format at the Samuel Riggs IV Alumni Center.

Cupid’s Cup is named for a Valentine’s Day rose delivery business Plank started as a student at the university. As an athlete, he wasn’t permitted to have an outside job, so he turned to entrepreneurship. Plank worked with the Dingman Center to start a business competition to foster similar student entrepreneurship.

The competition was open to undergraduate and graduate students enrolled at accredited U.S. colleges and universities who are running companies that have generated at least $5,000 in revenue or have a version 1.0 product with proof of traction. Entrepreneurs from 25 universities in 16 states entered the competition. The finalists received intensive coaching from successful entrepreneurs to prepare for the final competition.

Other Cupid’s Cup finalists were Hole Patch LLC from Case Western Reserve University, a developer of a new method for patching potholes; Moolaguides.com from Florida State University, provider of a service for college students to buy and sell class notes; and Neural Analytics from the University of California Los Angeles, a developer of a portable non-invasive medical device to diagnose traumatic brain injuries on the football field or the battlefield.

Interested in competing in next year’s Cupid’s Cup? Visit www.CupidsCup.com for updates about the application deadline and other details.

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2012 UMD Entrepreneurship Invitational Recap

The 7th Annual UMD Entrepreneurship Invitational, Powered by the Dingman Center for Entrepreneurship was overwhelmingly successful with the launch of Startup MD, the BB&T Business Invitational, keynote speakers Governor O’Malley and Under Armour CEO Kevin Plank at Cupid’s Cup, and over 600 attendees at the day’s events. Cupid’s Cup Grand Prize and People’s Choice winner was Reed Street Productions, taking home $17,500 in prizes.
BB&T Business Invitational winners were Veenome (regional company) and My Fridge Rental (UMD community company), each receiving $2,000. With praise from President Wallace Loh and Dean Anand on the quality of the companies and execution of the day, this has been the most successful UMD Entrepreneurship Invitational to date. Keep reading for highlights and photos of the day.

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Startup Maryland is a regional initiative launched out of the Startup America Partnership. Driven from within the community and led by entrepreneurs Startup Maryland is locally-operated and inclusive. Startup Maryland strives to connect innovation communities and recognize the importance of startups, ramp-ups and speedups to the state and regional economies. The official launch of Startup MD was the first event of the day at the UMD Entrepreneurship Invitational. The video below, features highlights from the event.

BB&T Business Invitational is a showcase of University of Maryland companies, regional startups, and campus and regional resources for entrepreneurs. Attendees had the opportunity to network with UMD students and alumni, local entrepreneurs and investors, and business leaders from the Baltimore-Washington metropolitan area. Sponsored by BB&T, prize money was awarded to top exhibitors as voted on by event attendees.

Dan Waetjen, BB&T group president for the Greater Washington region, presented prizes from BB&T for exhibitors at the BB&T Business Invitational:

  • $2,000 best UMD Community company – My Fridge Rental (winners of the 2011 Cupid’s Cup)
  • $2,000 best Regional company – Veenome

Cupid’s Cup, a business competition for student and alumni entrepreneurs, began in 2006, due to the vision and generous support of Kevin Plank ’96, founder and CEO of Under Armour. The competition is designed to identify and support students and young alumni who have already started their own businesses. Five finalists pitched their businesses to Kevin Plank and a panel of veteran entrepreneurs for $25,000 in prizes.

  • $15,000, 1st place – Reed Street Productions, operators of Run for Your Lives, a zombie themed adventure race attracting thousands of participants
  • $7,500, 2nd place – Food Safety Administration, provider of online courses for food service professionals required to earn food and alcohol safety certifications
  • $2,500, People’s Choice Award, decided by audience vote – Reed Street Productions (sponsored by Sam Medile ’80, a successful entrepreneur and former Terp student athlete)

Other finalists:

  • 10G Systems, supplier of web-based transportation software to small to mid-size shippers
  • Route One Apparel, an e-commerce platform for creative apparel designed by students
  • Visisonics, a UMD spinout that enables realistic 3D audio for music, movies and gaming in standard headphones

To see a full photo album from the day, go to  http:/ter.ps/mar30photos 

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