APRIL 2009

The Latest News

2009 Cupid's Cup Business Competition

 

Protect this Cup!  Learn about the 5 finalists then cast your vote for the People's Choice Award - voting closes on April 15th!


 

*Best viewed in high quality

 

Date: April 17, 2009
Time: 3:00-5:00 p.m. (BB&T Business Invitational will be held earlier in the day from 2:00-3:00 p.m.)
Location: Van Munching Hall

Website: http://www.cupidscup.com

 

Register to attend, if you haven't done so already!

Dingman Center for Entrepreneurship Luncheon & Research Awards Ceremony

Date: April 22, 2009
Time: 12:00-1:15 p.m.
Location: Executive Dining Room 2517 Van Munching Hall
Register: Website

Bob Baum will summarize new Smith entrepreneurship research and present the Smith Best Entrepreneurship Paper awards.

Lori Kiyatkin, PhD Candidate, will discuss:
Employee Health: A Value Creating Organizational Resource
U.S. businesses have overwhelmingly approached employee health from a cost management, rather than investment, perspective. This singular focus on costs is likely due to lack of clarity regarding the potential of employee health to be a value creating organizational resource and the underlying mechanisms by which health may be subject to organizational influence. We outline businesses’ potential to build employee health and empirically demonstrate its potential to be a crucially important value creating resource from an organizational performance perspective. As such, we assert that employee healthcare is ‘strategic’ social performance in the sense that it simultaneously promotes firm outcomes and public health. The implications for entrepreneurs and public policy are discussed.

Yuntao Dong, PhD Student, will discuss:
Coaching to Win: The Venture Capitalist as a Coach
In this paper, we take an executive coaching perspective to examine the non-financial relationship between venture capitalists and entrepreneurs. Specifically, we propose that venture capitalist’s coaching behavior is translated into entrepreneurial effectiveness through the enhancement of entrepreneurial self-efficacy and adaptability. In addition, when the entrepreneur trusts his/her venture capitalist, the coaching will be more likely to increase the entrepreneurial self-efficacy and adaptability, therefore leading to favorable venture outcomes. The theoretical contributions to the entrepreneurship literature and the executive coaching literature, as well as the practical implications of the model are also discussed.

HCIL & Dingman Seminar Series

Date: April 24 & 27, 2009
Time: 11:00 a.m.
Location: 2119 Hornbake Library (South Wing)

On Monday, April 24th and Monday, April 27th, the HCIL, in partnership with the Dingman Center, will be having two great Seminar Series Speakers:

  • April 24: Mary Czerwinski from Microsoft Research will be joining us to give a talk on Computing Everywhere: Visualization and Interaction Research at MSR

  • April 27: Joe Marks from Disney Research will be joining us to give a talk on The What and How of Technological Research at The Walt Disney Company

For more information including abstracts and bios, please visit the website.

Congratulations to Kären Olson

Congratulations to Kären Olson, CEO of BioMarker Strategies and Entrepreneur-in-Residence, for winning the Greater Baltimore Committee (GBC)'s 2009 "Leadership in BioScience Award."  In announcing the award, the GBC cited Ms. Olson’s leadership role in guiding the company's operations and R&D program, including the development of its novel SnapPath (TM) live tumor cell testing system.

The full press release can be found on BioMarker Strategies' website.
 

 

Also Inside This Issue...

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Pitch Dingman News

March 2009 Pitch Dingman Competition Winners

Fairview Enterprises ($1,500 Award):

  • The competition was tight and the judges were unable to award the full $2500 to only one team, but they did choose a top winner to receive $1500 in seed funding.  The judges agreed to award the top prize to Adam Van Wagner, a University of Maryland undergraduate student, for his business, Fairview Enterprises. Fairview aims to provide the lowest rental and rent-to-own services in the DC area and specializes in providing affordable rental televisions to the residents of local nursing homes. Fairview currently has a successful partnership with one local nursing home and is looking to acquire investment capital to expand operations to similar institutions in the area.

DMVsavvy.com ($700 Award):

  • The judges awarded Donald Whitaker with $700 for second place with his business proposition, DMVsavvy.com, a website dedicated to the local urban entertainment scene in the D.C., Maryland and Virginia Metro Area (DMV).  The site aims to be the premium medium and leading source for local entertainment and the related lifestyle.  DMV Savvy will enable local entertainers to better reach their audience and encourage user interaction through message boards, content blogs and ratings, and media downloads.

Legal River ($550 Award):

  • The judges also awarded $300 to the third place winner, Reed Atkin, for his business concept, Legal River, an online marketplace to help lawyers and businesses connect. Legal River also received $250 by winning the Audience Choice Award. Legal River is a simple, secure and intuitive online platform where small and mid-sized businesses can solicit, compare, review and contact lawyers.  The website provides a free service to business that empowers them to find the right lawyer, and will enable lawyers to effectively reach out to businesses in need of legal services.  Legal River’s founders expect to take advantage of the current market gap and current economic environment that has created a significant demand for new clients among law offices.

*About Pitch Dingman

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Portfolio Company Updates

Anaptyx: Wireless Networking That's Environmentally Friendly

"ONE SUMMER DAY IN 2007, two 20-something computer geeks set out to test a new brand of wireless Internet router in an apartment building in Brookline, Mass.

Convinced that most commercially available routers were costly and inefficient, Ken Carnesi and Jonathan Rust had discovered an equipment line manufactured by the California startup Meraki. With a few strategically placed Meraki routers and a little experimentation, they built an ad hoc network that enabled them to get online from just about anywhere in Jonathan's 20-unit building.

That success was crucial to the genesis of Anaptyx, the environmentally friendly wireless networking company that Ken and Jonathan launched a few weeks later. With wireless technology expanding quickly, the two set out to help large customers, such as cities and major apartment complexes, create fast, reliable wireless networks that cost less, conserve energy and reduce e-waste, the vast amount of electronic equipment left to rot in landfills. Based in Arlington and Boston, Anaptyx builds 'mesh' networks that can replace expensive individual Internet connections."

The full article can be found on The Washington Post.

College Magazine: Young Entrepreneurs Who've Made It in Maryland

"Entrepreneurship also has been a boon for 23-year-old Amanda Nachman, who 'jumped for joy' when she found out that investors were interested in supporting her dream to start College Magazine. Like Marshall, she developed an interest in starting the magazine while enrolled in an entrepreneurship class, only Nachman was at the University of Maryland, College Park.

After graduation, Nachman went on to take on a full-time, 9-to-5 position with a large consulting firm for nine months, working on her magazine from 6 p.m. to 3 a.m. She finally began full-time work on the magazine after making a pitch to a private investor. Since, the quarterly publication has grown from a distribution of 5,000 and presence on one college campus to its current 30,000 copies in circulation on eight area campuses. The magazine also can be found online, and readers have the option to receive a regular e-newsletter.

'I work on something different every day,' Nachman explained. 'I create goals for myself and challenge myself to meet them.'

Nachman works from her apartment and said that coffee shops and the local library serve as accommodating spaces when she meets with the production staff of college students that includes up to 30 writers, 13-20 contributing photographers and five editors. With the design team based out of San Diego and the print issues published in Florida, she said that much of the work can be done online."

For this article and more, please visit The Business Monthly.

*About Portfolio Companies

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Capital Access Network Updates

Exciting Startups Keep the Economy Moving

The Dingman Center’s Capital Access Network (CAN) is screening regional early-stage companies and coaching entrepreneurs in an effort to successfully connect them with the angel investor community. The CAN Program, sponsored by Morrison & Foerster and Silicon Valley Bank, brought the following great start-up companies to the March Investor Breakfast:

  • CommuniClique: CommuniClique offers software as a service online collaboration technology which helps companies talk, meet, and share. Features include: conference bridge that actively calls participants instead of them calling in, recording and storage of every phone call, ability to schedule phone calls to start automatically, ability to share documents with the entire team in real time.

  • uBee: uBee will connect consumers with eager retailers that will bid dynamically for product sales in a reverse auction model. Consumers benefit from optimum pricing on desired products purchased efficiently from a buyer-centric site, and retailers gain one-to-one access to customers at the critical point of sale. The Company will earn revenue through its Cost-Per-Action model, where commissions are received on completed purchase transactions.

  • Renewable Energy Solutions: Renewable Energy Solutions is an early stage start-up with proprietary energy production technologies developed to the prototype level, served by a team with expertise in renewable energy and business. The company’s strategies will leverage commercial and government ‘green’ initiatives to develop new markets for its unique vertical axis, solar enhanced turbine system, at a time when demand for clean energy is rising rapidly.

The next CAN Breakfast will be held on Wednesday, April 8, 2009.

CAN Program Sponsors:

   

*About CAN

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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
Mr. John LaPides, Chairman of the Board and Entrepreneur-in-Residence

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

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