Global Entrepreneurship Week Roundup

Global Entrepreneurship Week at the Dingman Center was a huge success! With at least one event every day of the week, we contributed to a global movement of more than 112,000 events with 25 million participants worldwide.

  • Monday: We kicked off the week with movie night as we screened the documentary “Extreme by Design.”  The screening lead to an interesting discussion on using design thinking to create businesses that solve global problems. The same day, the Dingman Center Angels saw three-minute pitches at the Fast Pitch session during TEDCO’s Entrepreneur Expo.
  • Tuesday: Elana Fine participated in a panel on technology commercialization during Bioscience Day. In the evening, we hosted an Entrepreneurship Connector that brought together students from across campus who are interested in sharing their ideas and passions.
  • Wednesday: Terp Marketplace was buzzing with more than 20 student vendors testing the market and selling their products.
  • Thursday:  It was standing room only at the Pitch Dingman Competition which drew more than 260 attendees. Timothy Chi, Founder & CEO of WeddingWire delivered an inspiring keynote and lead the judges in choosing the winners. Harrison Baum took home top prize winning $2,000 for SellMyOldTech.com. Sam Feldman took home $1,500 winning both 2nd place and the Audience Choice award.
  • Friday: We wrapped up the week with a record number of students at Innovation Fridays and six DC startups presenting at Dingman Center Angels Review Day.

Thank you to everyone who participated in Global Entrepreneurship Week! For more photos, go to the Dingman Center Facebook page.

Celebrate Global Entrepreneurship Week With the Dingman Center

During the week of November 18–22, the Dingman Center will participate as a partner in Global Entrepreneurship Week – the world’s largest celebration of innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare. The week will be full of exciting events with participants from across our community. Take a look at what we’ve got planned and become part of something truly remarkable.

Monday, November 18
Fast Pitch at TEDCO Entrepreneur Expo
11:30 a.m.–12:30 p.m., BWI Marriott
At this session during TEDCO’s Entrepreneur Expo, companies will test how well they can communicate their business in a three-minute fast pitch to a panel of Dingman Center Angel Investors.

Extreme by Design Movie Screening
5:30–7 p.m., Frank Auditorium, Van Munching Hall
Watch this documentary following three Stanford University students as they design and build products to meet the basic needs of the world’s poor. The Center for Social Value Creation, the Dingman Center for Entrepreneurship and the Office of Global Initiatives will host a discussion following the film. Register to attend at ter.ps/screening

Tuesday, November 19
Networking Panel at Bioscience Research & Technology Review Day
11-12 p.m., Jimenez Room, Stamp Student Union
Managing Director of the Dingman Center, Elana Fine, will facilitate a networking panel during Bioscience Research & Technology Review Day presented by the University of Maryland’s College of Computer, Mathematical, and Natural Sciences. The event aims to join executives and professionals with scientists to promote the potential for academic-industry-government collaboration. Read more about Bioscience Day.

Entrepreneurship Connector
5:30–7 p.m., 2511 Van Munching Hall
Hosted by the Dingman Center and Mtech, students will network with others interested in all things innovation and entrepreneurship. Learn about opportunities across campus, exchange ideas and meet your next co-founder. Attendees will also discuss ideas for a new campus-wide entrepreneurship club that is in development. Dinner will provided. If you’re on Facebook, let us know you’re coming.

Wednesday, November 20
Terp Marketplace
11 a.m.–2 p.m., Grand Atrium, Van Munching Hall
Student entrepreneurs will test the market by selling their products and services to potential customers. Join us for an afternoon of fun and shopping in Van Munching Hall.

EIR Advising Sessions
5:30–8 p.m., Smith School DC Campus, Ronald Reagan Building
Entrepreneur-in-Residence, Harry Geller, will be available by appointment to provide feedback and next steps for your business idea. These sessions are great for any part-time MBA students that can’t get to Van Munching Hall for Innovation Fridays. If you are interested, sign up for an appointment.

Thursday, November 21
Pitch Dingman Competition
6:30–8:30 p.m., Tyser Auditorium, Van Munching Hall
The signature event of Global Entrepreneurship Week will be the biggest Pitch Dingman Competition to date! Five student entrepreneurs will pitch their business ideas to an all-star panel of judges led by CEO of WeddingWire and keynote speaker Tim Chi. Check out the five finalists here. Attendees will have chance to vote for their favorite company to award them the $500 Audience Choice prize! Arrive early to receive a t-shirt, snack pack and other giveaways. Register to attend at ter.ps/Nov21

Friday, November 22
Dingman Center Angels Review Day
10 a.m.–1 p.m., 1518 Van Munching Hall
Hear presentations by local startups seeking funding from angel investors. Learn the lingo, hear comments regarding startup strategy, learn about entrepreneurial financing options, and get presentation tips from the investor feedback. RSVP to attend HERE.

Innovation Fridays
11 a.m.–1 p.m., 2518 Van Munching Hall
Meet with an Entrepreneur-in-Residence for an informal session to receive valuable feedback on your business idea. No suits or business plans required. All you need is an idea.

Friday, November 22 – Sunday, November 24
College Park Sustainability Jam
2333 Van Munching Hall

Join the Center for Social Value Creation for  the 2nd annual College Park Sustainability Jam (CPSJ) – a weekend long engagement aimed at creating new, real-world ideas to promote and advance sustainability. The purpose of the Jam is to learn about design thinking, build new ideas, explore our understanding of sustainability, meet cool people, work hard, and HAVE FUN! The end result is a set of “workable prototypes” that will be uploaded to an international shared database. Activities will run roughly 5-8 p.m. on Friday; 10 a.m-6 p.m. on Saturday; and 10 a.m-3 p.m. on Sunday. Register at http://ter.ps/3yp  

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Worth Reading 9/6/13

As UMD undergrads started the new semester this week, the Dingman Center saw many old and new students coming to visit. During the summer, we worked diligently to make quite a few changes, one of which is Innovation Fridays, formerly known as Pitch Dingman. The experience is the same, only the name has changed. Students can pitch their ideas and receive feedback from experienced Entrepreneurs in Residence. We are excited to kick off Innovation Fridays today and expect to see more students this year! Now, enjoy this edition of worth reading.

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EnTERPreneur Academy Profile – Comrade Brewing Company

To celebrate Global Entrepreneurship Week, the Dingman Center is featuring a series of blog posts about our EnTERPreneur Acadmey, a program to help guide student ventures from idea to launch. The Academy provides members with a variety of resources including startup fundamentals workshops, advising, office space, selling opportunities and seed funding. The Academy’s three stages Idea Shell, Hatch and Terp Startup provide students with specific resources and requirements that suit the level of progress for their ventures.

Today’s featured startup is Comrade Brewing Company, the dream company of EnTERPreneur Academy member, David Lin. David is a Full Time MBA student at the University of Maryland who can frequently be found in the halls of the Dingman Center volunteering with programs and absorbing everything he can about entrepreneurship. David’s company, Comrade Brewing, was an honorable mention at the 2012 China Business Plan Competition and also an audience choice award winner at Pitch Dingman.  Read the Q&A to find out more about David and his business, Comrade Brewing Company!

Q: Please describe your business.

A: Comrade Brewing Company will be a Denver, CO based business that will brew and serve hand crafted beer, free of corn syrup and chemically modified hop extract. Customers will be able to visit and drink beer by the glass on the brewery premises.  The brewery will follow a tasting room model, where no food and only beer is served.  I’m planning to head back to Denver after finishing up my MBA this semester and I hope to open sometime in 2013.

Q: How did you get the idea for your business?

A: Ever since I started brewing professionally in 2005, I have known that I eventually wanted to work in the craft beer industry full time.  I saw the success of other breweries and thought to myself, hat a great way to make a living, doing what I love and what I would normally be doing anyways. After two years of brainstorming, the name of Comrade Brewing came to me one day while I was on vacation.  In the brewing industry, there is a lot of camaraderie between small breweries who often help each other out. I want to showcase this “brotherhood” as well as provide the foundation for some funny “tongue in cheek” beer names.  The idea for a tasting room model was something that always intrigued me as I visited breweries across the country.
Q: What phase is your venture in and what are your next steps?

A: We’re on our way to becoming operational.  I have already taken on a talented brewmaster as a partner, contracted my raw materials, talked with equipment manufacturers, met with cities, and looked at zoning.  I also have nearly all the funding I need as well as the domains, social media handles, and incorporation needed to start my business.  My next step is to sign a lease on a building, place the down payment on the brewhouse, apply for federal and state licensing and permits, and begin construction.

Q: As a student start up, what are some of the challenges that you face?

A: This is a brick-and-mortar business, and because my business is located in Denver, being 1,500 miles away makes it difficult for me to do things like overseeing construction.  There’s only so much I can do electronically or via paper.  While I’m enjoying my time as a student here at Smith, I am eager to head back to Denver once I graduate to oversee the remaining steps to opening the brewery.

Q: How did the Dingman Center contribute to the development of your startup?

A: The Entrepreneurs in Residence have been an incredible resource. Some of them have had relevant experience on starting a food service company and have advised me on the common pitfalls of the industry. Being part of the Dingman Center’s active entrepreneurial community has also given me the opportunity to listen to a variety of business ideas and taught me how to look at them from a more critical business standpoint giving me a framework that I would use while running the brewery.

Q: What about being a part of the EnTERPreneur Academy excites you the most?

A: Meeting all the other students who are as passionate and driven as I am. There are so many people out there that say that they have a passion for something, but in reality I believe they just like the idea of that something.  My fellow Academy members are people with the initiative to actually pursue their passions.  The networking with these passionate people, as well as sharing feedback on our ideas, has been incredibly helpful and rewarding.

EnTERPreneur Academy Profile – imagine(x)

To celebrate Global Entrepreneurship Week, the Dingman Center is featuring a series of blog posts about our EnTERPreneur Acadmey, a program to help guide student ventures from idea to launch. The Academy provides members with a variety of resources including startup fundamentals workshops, advising, office space, selling opportunities and seed funding. The Academy’s three stages Idea Shell, Hatch and Terp Startup provide students with specific resources and requirements that suit the level of progress for their ventures.

Today’s featured startup is imagine(x), the brainchild of EnTERPreneur Academy member, Eric Mintzer. Eric is also an undergraduate student at the University of Maryland who has been engaging frequently with the Dingman Center for Entrepreneurship. Eric’s current startup, imagine(x), which was the runner-up at last month’s Pitch Dingman Competition, is an engineering firm poised to change the way we experience performance art.  Read the Q&A to find out more about Eric and his business, imagine(x)!

Q: Please describe your business.

A: imagine(x) is a creative engineering firm which bridges the gap between science and art.  We strive to develop the most innovative and awe-inspiring technologies of the future, today.  We specialize in augmented reality, pixel mapping, interactive installations, and real time visualizations.

Q: How did you get the idea for your business?

A: I had the idea to create imagine(x) after being blown away by incredible stage setups and immersive entertainment environments.  I wondered, “What can we come up with next?” and decided to become part of that ‘we’ by creating systems that allow concert-goers to naturally interact with these complex audio-visual systems.

Q: What phase is your venture in and what are your next steps?

A: imagine(x) is hatching.  My next step is to finish developing various projects I am working on, while servicing a handful of clients to enhance my portfolio and create revenue to reinvest.

Q: What drew you to become an extrepreneur?

A: I attribute three large areas of my life that contributed towards my entrepreneurial motivations: my parents, my education, and the internet.

My parents, from a very young age, prioritized the importance of being happy and doing what I wanted to do.  This was very different from what my outside environment suggested – financial success.  When financial success became less important, education towards an industrial job became boring and I started doing what any middle-school student would do for fun – independently studying computer programming.  This old drive to Create has gratefully stayed with me long enough to be amplified by the University of Maryland with their unparalleled support and initiatives.

Q: As a student startup, what are some of the challenges that you face?

A: Apart from my daily challenges of generating and debugging code, my greatest is managing my time efficiently.   I have various business oriented goals that involves marketing, branding, analyzing and more, but I am more interested in testing and bringing new technology to the market quickly.  This temporary solution is allowing me to super-accelerate my learning and development, but also has the potential to restrict the speed of business growth.

Q: How did the Dingman Center contribute to the development of your startup?

A: The Dingman Center has been a tremendous resource for my venture.  Faculty and staff have provided me with outstanding mentorship; entrepreneurs-in-residence and alumni have consistently offered guidance and experience; the supporting network and relationships connected me with industry leaders, potential clients and growth opportunities; and the workshops, speaker events and week-long summer entrepreneurship boot camp provided hands-on education, real life experiences, and startup funding.

While many classes at the University teach you to learn from the past using best practices and the Dingman Center for Entrepreneurship expands on this by also encouraging and fostering innovation and leadership for an unpredictable future.

Q: What about being a part of the EnTERPreneur Academy excites you the most?

A: The enTERPreneur Academy is a large leap forward towards alternate opportunities and reform in education for students that strive on it,\ and I am excited to be in the inaugural EnTERPreneur Academy class!  I am anxious to watch the growth of this program and the successful stories that result from it.

Come back for tomorrow’s feature!  And don’t forget to “like” the Dingman Center’s Facebook Page tomorrow!  One lucky new fan will receive an awesome prize package from the Dingman Center for liking us tomorrow for our Facebook Challenge!

EnTERPreneur Academy Profile – AquaSwitch

To celebrate Global Entrepreneurship Week, the Dingman Center is featuring a series of blog posts about our EnTERPreneur Acadmey, a program to help guide student ventures from idea to launch. The Academy provides members with a variety of resources including startup fundamentals workshops, advising, office space, selling opportunities and seed funding. The Academy’s three stages Idea Shell, Hatch and Terp Startup provide students with specific resources and requirements that suit the level of progress for their ventures.

Today’s feature is AquaSwitch, a product created by EnTERPreneur Academy member, Aashay Doshi. Aashay is an undergraduate student at the University of Maryland who has taken advantage of several of programs offered by the Dingman Center, including an entrepreneurial class and JumpStart. Aashay’s current entrepreneurial venture is AquaSwitch, a bottle that allows a user to carry two different liquids at the same time. Read the Q&A to find out more about Aashay and his business, AquaSwitch!

Q: Please describe your business.

A: AquaSwitch is a unique dual compartment bottle that facilitates the portability and storage of two different liquids at the same time. Our intricate engineering and detailed design ensures no mixing of liquids and no change in temperature. Water and Gatorade, water and juice, water and protein shake–whatever the combination may be, AquaSwitch provides a convenient solution to do so. We aim to provide a convenient, cost effective and stylish solution to diverse hydration requirements.

Q: How did you get the idea for your business?

A: My business idea stemmed out of a class project at UMD. Our assignment was to think of business ideas and form teams to draft papers for the class. However, I decided to take this process to the next level and work on actually launching a product.

Q: In what phase is your venture and what are your next steps?

A: We are in the test marketing phase. We have our preliminary designs and we need to test a sample market to see if we need to make changes to the bottle. Our next step is to get a production run going so we have enough bottles to test with a representative sample.

Q: As a student start-up, what are some of the challenges you face?

A: The biggest challenge as a student entrepreneur is to gather funds. Because college students like us are poor, it is hard to get investments for our passions. In addition, the deteriorating economy pushes us to look for jobs thereby diverting our attention from our  passion. Money is by far the biggest problem.

Q: What part of being in the EnTERPreneur Academy excites you most?

A: The EnTERPreneur Academy provides an extremely exciting and conducive environment for budding entrepreneurs to connect and develop together. What excites me most is the networking and professional development potential the Academy provides. It is an absolute pleasure to brainstorm with fellow innovators.

Stay tuned for the next EA company!

Worth Reading 11/9/2012

With Digital Capital Week going on and the election just wrapping up, we hope everyone is having an eventful week!  We at the Dingman Center have been hard at work preparing for Global Entrepreneurship Week next week.  We have a full schedule of activities planned for the community.  Check out the schedule below for details!  As always, check out our Facebook or Twitter to stay updated on the latest Dingman Center news.

Be sure to join us next week if you can!  Now onto some things worth reading!

As always, we begin with this week’s Business Rx column, this time featuring ConferenceEdge, a tech startup looking for advice on where and how to find advisers.

In case you missed it, The Dingman Center launched the website for the new and improved 2013 Cupid’s Cup.  Check it out at www.cupidscup.com!

If you use LinkedIn, you’ve probably noticed the introduction of LinkedIn “endorsements.”  Inc.com explores how small business owners can take advantage of this new feature.

Finally, as marketing on Facebook becomes more sophisticated, like with its new “promote” feature, it will inevitably start to become more costly as well.  This article from Entrepreneur.com explores how businesses can promote their brands outside of the popular social network.

Pitch Dingman Competition 11/17/11

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As part of Global Entrepreneurship Week (November 14-20, 2011), the Dingman Center sponsored a Pitch Dingman Competition for student entrepreneurs to compete for $2,750 in seed funding to launch or grow their business! CONTESTANTS: Beagle: Philippe Azimzadeh and Julian Capps … Continue reading