JULY 2008

The Latest News

2008 China Business Plan Competition: Go for the Gold!

Dingman Center for Entrepreneurship Delegation: October 26 - November 2, 2008

 

 
2007 China Business Plan Competition - Beijing, China        2007 Dingman Center Delegation - Tianjin, China

 

Join the Dingman Delegation and be part of a transforming journey to one of the world's most dynamic economies!  Even in this age of instantaneous, digital communication, nothing can match first-hand impressions and insight.

For more information about this year's competition and delegation, please click here.

 

Congratulations to Lilah Pomerance and Dan Gordon on the birth of a healthy baby girl - On Saturday, June 28th at 12:54 p.m., Lilah and Dan welcomed into the world a beautiful baby girl who measured in at 21 inches and 9 pounds.  We're happy that the Dingman family is expanding!
 

 

Also Inside This Issue...

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Portfolio Company Updates

2008 Cupid's Cup Winner Anaptyx Provides Free Public Wi-Fi in Harvard Square

Anaptyx was founded in June 2007 with one goal in mind: Deliver an environmentally friendly wireless solution at an affordable price.  Traditionally focused on multi-dwelling communities and apartment complexes, Anaptyx was contracted to install, operate, and maintain the Harvard Square Network through a recent partnership with Meraki.  Ken Carnesi, CEO of Anaptyx, said, "We have been experiencing tremendous growth and adding Harvard Square as a client is a real milestone for us."

In just over a week, Anaptyx was able to install and implement over 35 access points and several data lines around Harvard Square; covering a one square mile area which has taken similar networks years to design and install.  Jon Rust, CFO of Anaptyx, said, "Due to the cost and speed at which we were able to implement this network, I am confident it will become the standard for communities around the country."

Anaptyx has completed this installation for the Harvard Square Business Association, and has donated two high speed data lines to foster the growth of the network.  "We are a community focused organization - to give back to the community and know that thousands of users will access this network each day makes all of us at Anaptyx ecstatic," said Tyler McNeil, Managing Director of Anaptyx.

The HSBA will work closely with Anaptyx in the weeks and months to come to monitor the usage carefully.  New units will be placed in the field, as usage demands and as user feedback warrants.  Denise Jillson, Executive Director of the HSBA, stated that the purpose is to provide a reliable, convenient and efficient network to meet the needs and desires of the 8 million visitors to Harvard Square each year.

Not only was Anaptyx featured in HarvardSquare.com, the company was also featured in the following articles: Xconomy, PC World, Network World, Cambridge Chronicle & Cambridge TAB, Metro, The Harvard Crimson, Boston Business Journal, and BostonHerald.com.

In D.C. Street-Food Wars, Hot Dogs Face Competition From On The Fly's Hummus

The bright green On The Fly food cart with a large decorate wing parked in Washington's Chinatown seems to be in the wrong city.

Offering hummus, vegetarian tacos, and organic teas, the car and its menu are in stark contrast to the aging metal-box stands nearby that sell bags of cheese popcorn, candy bars, and hot dogs.  A street-food revolution is under way in Washington, which has long trailed cities like Philadelphia, famous for its street-car cheese steaks, and New York, where vendors offer everything from kebabs to crepes.

For the full article on Bloomberg.com, please click here.

UMD Graduate Moves Back Home - and Makes a Mint with Crooked Monkey

For many college graduates, moving back in with Mom and Dad means swallowing some pride to save money and get started.  For Micha Weinblatt, it provided a springboard to success.

After graduating from the University of Maryland three years ago, Micha launched Crooked Monkey, a t-shirt business aimed at the college crowd, from his parents' basement in Potomac, MD.  Among the novelty shirts' more printable slogans are "Butterface" and "Keep the Ratio Strong."

If you don't get the jokes, Micha says, you're probably old, or at least beyond your early 20s.  But enough young people appreciate the hip humor that, Micha says, Crooked Monkey grossed $500,000 last year and is on pace to hit $800,000 in revenue this year.  The shirts sell in 550 stores across the United States and in Asia, Saudi Arabia, and Canada.

For the full article from The Washington Post Magazine, please click here.

 

Mission-Based Beer Company Hook & Ladder Among Fastest Growing in America

Hook & Ladder Brewing Company, a Washington D.C.-area venture started by a volunteer firefighter and his business-minded brother, is bucking negative economic trends and experiencing tremendous growth this year - despite the fact that the mission-based business donates a portion of all sales to charity and continues to face the industry challenges of escalating transportation and ingredient costs.  According to annual statistics for the beer industry recently released by The New Brewer magazine, Hook & Ladder experienced the greatest percentage growth of any non-brewpub craft brewer in the nation in 2007.

Industry statistics from the Brewers Association reveal that Hook & Ladder experienced 688% growth in 2007, the biggest percentage increase among craft brewers providing beers solely through a distribution network.  In October 2006, Hook & Ladder had just one wholesale distributor and was available only in the D.C. market.  Hook & Ladder brews are now available in 20 states and Washington D.C., distributed by more than 80 wholesale partners.  Hook & Ladder can be found in top markets including New York, Philadelphia, and Washington D.C.

Hook & Ladder CEO Matt Fleischer was named one of Washington D.C.'s "Top 35 Entrepreneurs Under 35" by Bisnow on Business and was featured in their June 5, 2008 article.  Hook & Ladder was also featured in Terp Magazine and a blog on TheWashingtonPost.com.

*About Portfolio Companies

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Capital Access Network Updates

CAN Overview of FY08

This past semester, 20 companies presented to investors and 4 investments were made.  Four companies that presented in the 2007 fiscal year presented this year for the next round of funding.  In all, more than 100 companies have applied to the CAN program this year alone.

CAN Program Sponsors:

   

*About CAN

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Last Month at Dingman

Asher Epstein Interviews with Christine Lu, Host of China Business Show

Our Managing Director gives an overview of the Smith School's 2008 China Business Plan Competition during an interview with Christine Lu, host of the China Business Show.  To listen to the interview, please click here.

Join the Dingman Center for Entrepreneurship Delegation at the 2008 China Business Plan Competition final event and awards ceremony in Beijing on October 29th and see who comes away with this year's $25,000 top prize.  The Smith School holds this annual event to encourage the growth of innovation and entrepreneurship in China.  Dingman delegates will have the chance to network with China's top business leaders, government officials, investors, and entrepreneurs.
 

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DCE Partner Events

Dogtopia Hosts Fourth Annual Dog Wash to Benefit Military Dogs in Iraq

 

 

For military dogs overseas, it’s no walk in the park.  Sniffing out bombs, patrolling check points and working long hours in harsh desert conditions are the daily tasks of these life-saving canines.  That’s why seven Dogtopia locations around the country will simultaneously participate in the company’s fourth annual charity dog wash on July 13, 2008 from 11 a.m. – 3 p.m. to raise funds to provide care packages for canines serving their country.

With more than 1,000 military dogs in active service in Iraq and Afghanistan, Dogtopia, a locally-based, full-service dog daycare, spa and boarding facility will wash local dogs to raise money for toys, treats and other canine comforts.  Locations in Tyson’s Corner, VA; Manassas, VA; Chantilly, VA; Alexandria, VA; North Bethesda, MD; Clarksville, MD; and Waco, TX will participate in the dog wash with a goal of washing at least 100 local dogs per location.

Amy Nichols, founder and CEO of Dogtopia, began her campaign to raise awareness for military dogs, as well as working dogs of all kinds in July 2005.  To accommodate the success of the campaign, she established a permanent charitable wing of her company called K-9 Support.  To date, K-9 Support has raised more than $25,000 and sent more than 5,000 lbs of supplies overseas.

"The Dogtopia annual dog wash is our biggest event of the year for K-9 Support.  I’m thrilled that seven locations are coming together to wash hundreds of dogs around the country and raise awareness about the often-forgotten military dogs overseas,” Nichols said.  “Most dogs we’re in contact with lead very pampered lives.  They have everything from gourmet treats to luxurious beds, not to mention something as simple as air conditioning – we want to give working dogs some of those same comforts.  They like toys and treats too, and hosting the dog wash is a way to provide them with some relief in the form of thoughtful care packages.” 

Owners can bring their dogs in for a bath, where both can enjoy food and games.  Several local businesses have committed to the fourth annual dog wash through donations and representation, including several major players in the local canine industry.  A $10 per dog wash donation is requested.  Proceeds will go to care packages for handlers and their dogs. For more information on Dogtopia’s Fourth Annual Charity Dog Wash, please visit the website.
 

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The Dingman Center for Entrepreneurship

Founded by Rudy Lamone in 1986, the Dingman Center was one of the first of its kind in the country and has emerged as a top-ranked entrepreneurship center. Thanks to initial funding with a generous grant from Michael D. Dingman, founder of the Signal Corporation (now part of Honeywell International), the Dingman Center continues to grow as a regional and national catalyst in the field of entrepreneurship. The Center is now aggressively evolving, and in some areas, is expanding its services to further its role as a leader in the student, regional, and academic entrepreneurial communities.

The Dingman Center is currently led by:

Asher Epstein, Managing Director
Melissa Carrier, Director of Venture Investments and Social Entrepreneurship
Mr. John LaPides, Chairman of the Board and Entrepreneur-in-Residence

Please visit our Web site at http://www.rhsmith.umd.edu/dingman.

*Past Newsletters