Learning the Importance of Questions in Ecuador

This summer, we will feature guest posts from students who received a Dingman Center scholarship to participate in the Maryland Social Entrepreneur Corps (MSEC). They will share their experiences learning about social entrepreneurship while consulting with local businesses in Latin America. Learn more about MSEC here.

It seems unnecessary to say that asking a question is how you get answers, but this was a very important lesson for me to learn here in Ecuador. I am now finishing my last week here in Ñamarin, a rural community of approximately 100 families in the mountains of Ecuador. Coming in here, we had barely any idea what life would be like.

Even after living here for the past 3 weeks, I find that there’s no point in making assumptions about the community without asking the people living here whether or not they’re true. The number of times that my assumptions about people have been proven wrong are too many to count.

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Get Stock Market Savvy with Terp Startup Senvision

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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Senvision’s founders: Sanna Madan (CTO) and Christopher Look (CEO)

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Rising University of Maryland sophomores Christopher Look (CEO) and Sanna Madan (CTO) are the youngest founders in our Terp Startup incubator, but their spot is well-earned. Their venture, Senvision, uses a machine-learning algorithm that conducts sentiment analysis of companies on social media to track stock market movement. Their desired end-product will be a mobile app targeted to millennials to help them invest smarter through day-to-day trade, yielding higher returns. Competing apps tend to rely on a mutual fund strategy, which places the user in a more passive role and denies them the ability to effectively educate themselves about the stock market. The Dingman Center interviewed the founders about their startup, which they launched in their freshman year.

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Frozen Desserts Done Deliciously with Terp Startup FroDoh

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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FroDoh’s founders, left to right: Diego Lyon (CTO), Holly Wilson (COO), Simon Amato (CEO), Alexandra Cimino (CMO)

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The founders of FroDoh are passionate about shaking up the food industry with their premium frozen desserts. Available in three flavors, blueberry, banana nut and s’mores, FroDoh’s donut holes remain delicious even after freezing, making them ideal for a luxurious late-night snack. Friends Simon Amato, CEO and Holly Wilson, COO launched the company in their junior year at University of Maryland, later bringing in Alexandra (Al) Cimino, CMO and Diego Lyon, CTO. The Dingman Center was able to interview FroDoh’s recently graduated team members, Simon, Holly and Al, who have chosen to pursue their startup full-time.

Want to support FroDoh? Help them raise $20,000 on their Indiegogo campaign!

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Get to Know the Dingman Center: Chris Rehkamp

This summer we will be featuring our current Dingman Center staff in a special blog series. Read along and get to know a little more about each member of our team!

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Chris Rehkamp, Student Venture Programs Manager

Chris Rehkamp joined the Dingman Center in May 2016 to manage our student venture creation programs, namely the Idea Shell and Terp Startup phases of our Fearless Founders accelerator as well as Dingman Fridays. Since Chris’s arrival, we have seen many new students come in and out of the Center, eager to share their ideas and progress with him. Formerly a Membership Manager at DC’s food incubator Union Kitchen, Chris is experienced at designing an inviting environment for venture creation and collaboration. His take on Dingman Fridays and Terp Startup include music, food and whiteboards to create an energizing space filled with good vibes.

What excites you most about your job?
I’ve always really enjoyed working with people at the intersection of their passion and their creativity. In my role at the Dingman Center, I get to do precisely that, every day. I am so fortunate to sit across from students who have committed themselves to solving problems and building creative solutions.

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Do Good Challenge Finalist Accepted to Terp Startup Incubator

Each year, the Dingman Center provides coaching to teams competing on the venture track of the Do Good Challenge. This year, one of the ventures who made it to the Do Good Challenge Finals, Symbiont Health, later applied and was accepted into this year’s Terp Startup summer incubator. In the video above, CEO Erich Meissner discusses the positive relationship his team was able to build with the Dingman Center.

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Smith School Undergrads Present Research in Rome

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From left: Fasika Delessa, Evan Haas, Aishwariya Chandrasekar, Sarina Haryanto and Professor David Kirsch

by: Megan McPherson

On April 18-19, four Smith School students in the Center for Social Value Creation’s Social Innovation Fellows program, Sarina Haryanto, Aishwariya Chandrasekar, Fasika Delessa and Evan Haas, and Professor David Kirsch attended the inaugural IESE-LUISS Business School Conference on Responsibility, Sustainability and Social Entrepreneurship in Rome. Under the guidance of Professor Kirsch, these undergraduate students presented their paper, Hybrid Organizations and Social Enterprise Ecosystems: Findings from a U.S. Survey, to a room full of established academics.

The survey that formed the basis of their research was first launched by Halcyon Incubator in Washington, D.C. Last year, Halcyon released From the Ground Up: Defining Social Enterprise Systems in the U.S., the results of a nationwide survey to social entrepreneurs that assessed cities based on four “pillars” that create a healthy framework for a social enterprise ecosystem: Funding, Quality of Life, Human Capital and Regulations & Receptivity. The findings of the report designated Washington D.C. the number one ecosystem for social entrepreneurs.

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A Day of Entrepreneurship with the Dingman Center

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by: Megan McPherson

This year for 30 Days of Entrepreneurship, the Dingman Center decided we would roll a month’s worth of activity into a single day: Thursday, April 20. The result was our Day of Entrepreneurship, which featured the return of a popular Dingman Center event, Terp Marketplace, and later a rousing speech by entrepreneurship guru Jeff Hoffman.

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Exploring Social Entrepreneurship at the Ashoka U Exchange

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by: Katie Aranas and Trerese Roberts

Social entrepreneurship is a trending topic around the world, but since it’s a fairly new concept, it can be difficult to understand. The organization Ashoka has made it their mission to build a community where people are “capable of responding quickly and effectively to social challenges, and in which each individual has the freedom, confidence and societal support to address any social problem and drive change.” Part of the organization, Ashoka U, focuses on colleges and universities to catalyze social innovation and social entrepreneurship in higher education. Last month, the group hosted their annual conference, the Ashoka U Exchange, in Miami, FL. There were over 750 participants, 150 colleges involved from around the world, and 100 sessions to attend. During the Exchange, Ashoka U offered site visits, workshops, panels, and keynotes. In addition, attendees were able to network during the lunch breaks.

We attended as student representatives from UMD and leaders of our Enactus chapter.  The first workshop we attended, “Social Entrepreneurship for All”, began by asking audience what the word “entrepreneurship” means to each of us in one word. Immediately, we could see that there was a divide between business and non-business majors when it comes to the field of Social Entrepreneurship. We discussed how to bridge the gap between both groups so that everyone engages in this field. One suggestion was to teach social entrepreneurship as a new ‘language’, while being aware of the terminology that is being used in different groups. Another suggestion made was to go out into the local community to see social entrepreneurship first-hand. Being able to see it in action is one of the best ways to really understand how it works and experience the impact that is gives. James Madison University created the “10-5-3 Challenge” in which students talk to 10 people that they did not know, have 5 questions prepared for those that they talk to, and have 3 stories to tell them about social entrepreneurship.

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Catch Up with this Semester’s Crop of Fearless Founders

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The spring season is a time for growth, and there is no exception at the Dingman Center. Each spring semester we welcome not one, but two cohorts of aspiring entrepreneurs to watch their business ideas grow under our Fearless Founders program. Students come to an Idea Shell to validate their idea through repeated testing until they are able to form a minimum viable product. Once they reach the Hatch phase, they continue to iterate on their idea by fine-tuning their business model and market segment until it’s ready to launch.

Read on for a list of all the ideas growing in Idea Shell and Hatch this semester.

Idea Shell

Adaptive Audio – Javed Akthar Shaik, Abhishek Velayudham, Praneeth Chandu
Beat’n Coffee – Asad Masood, Khaled Nurhssien
The Beauty of I am… – Shanazar Dupuy Sandy
Ashley Ellis
Cali Club – Joey Hurm
College Cleaning –  Michaela Clarke
Dibble – Roman Fuentes
Emprology, LLC – Sydney Parker
GROTechnologies – Abeeb Ayodeji
NPO Connect – Akhil Gupta
pecunia – Amartyo Sen
Plus Interest – William Singelstad
Rapha – Andrae Wiggins
Record Venture – Duk Shin
Recyclify – Charlie Barton, Ardy Djourabtchi
See Food – Oluwatamilore Olafunmiloye
The SPARC Initiative – Taj Keshav
Wedding Planner – Sandhya Taneja
Yomil – Alexandra Gbozia

Hatch

You may recognize some of the Fearless Founders below. Nina Silverstein and Babafemi Adegbite’s social ventures 2B and Re-Empower have been profiled on our blog. afterclass and FroDoh were Pitch Dingman Competition semifinalists, and POSH and Grumpy Joes made it to the final round. Carpo’s app launch was featured in The Diamondback. Stay tuned for more great things from this Hatch cohort!

2B – Nina Silverstein
afterclass – Uday Misra
Carpo – Alec Aronwald
Dark Sonar – George Lee, Simon Schlegel
Feast – Arsalaan Ali, Stephen Frocke, Christina Michael
FroDoh – Alexandra Cimino
Grumpy Joes – Gary Hwang
Line-a-day – Benjamin Taragin
Pangea Medical – Ariel Efergan, Jacob Pollack
POSH – Nathalyn Nunoo
re: Fresh – Carl Comasco
Re-Empower – Babafemi Adegbite
ROOTS – Salvador Fawkes, Elizabeth Gilahuanco, Nebafabs Nwafor
Smith Store – Duk Shin
Terra Bella – Georges Colbert, Val Csontos
Think About It – Von Bell
Tommy Wares – Thomas Piantone


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Capital One provides seed funding to exemplary entrepreneurs in the
Idea Shell and Hatch programs.

Ladies First Profile: The Story Behind 2B

This story is part of a blog series for the launch of Ladies First, the Dingman Center’s commitment to increase the number of women involved in entrepreneurship at UMD.

By: Nina Silverstein

I began every year of my teaching tenure in Baltimore by asking my students what they wanted to be when they grew up. My kindergarten and first grade students were eager to announce that they were going to be a teacher or a police officer or a football player. A select few said they wanted to be doctors or firefighters. I noticed that when I called my students “Dr. Demetira” or “Police Officer Denard”, their interest and engagement in their schoolwork peaked. Additionally, when my school held a career day, I again saw the level of engagement in school peak. It was as if the students saw the possibilities of future endeavors appear before them and helped them realize why school was important to achieving that.

2B colors.pngThat was when the idea for 2B emerged. 2B is a mission-driven clothing company aimed at expanding children’s horizons and helping them to envision themselves as a variety of different occupations when they grow up. 2B seeks to help students learn about different careers by providing books and clothing centered around each occupation, which helps to provide reasoning for why school is an important factor to their future success. We aim to make the connection between hard work in school and future attainment of their dreams. In order to ensure that all children benefit from envisioning their dreams, 2B will be donated to under-resourced schools so that every child, regardless of background, has the same access to opportunity and the same ability to envision themselves as anything they want to be when they grow up.

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