May, 2006

Spring into May!

Venture Capitalists, you will be interested in reading our Alternative Energy Tech Visionary event summary with panelists presentations. Mark your calendars for June 1st and 2nd for the 23rd Annual Human Computer Interaction Lab Symposium.  Also, be sure to not to miss the many Dingman partner events like the Early Stage East, Digital Media or National Women's Business Conferences!  We are also proud to announce some CAN success stories and updates.

 

Entrepreneurs, check out our Pitch Dingman competitions and reviews for chances to win seed money and receive mentoring for your start-up business!  Make sure you mark your calendars for June 22nd's Boot Camp for Entrepreneurs.  Don't miss our exciting Cupid's Cup Business Competition for a chance to see who has the best business at the University of Maryland and Kevin Plank speak live.

 

Students you too can get in on the action of Pitch Dingman, but also be sure to read up on our past Dingman Day Lunch with Honest Tea.  You also will NOT want to miss Cupid's Cup Business Competition! Kevin Plank, CEO of Under Armour has donated the cash prize and will be a guest speaker and judge at this exciting event!

 

We are also very proud to announce the newest member of the Dingman Center team, Melissa K. Carrier. Melissa comes to us from AT&T and will be our new Associate Director leading all of the Center's programs and services.

 

In other news our current Dingman Center Scholar, Valerio Zanini, just recently launched his very own start-up company Goozex. Read more about this video game sharing business below!

 

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Feature Event

Cupid's Cup

Cupid's arrow may have gotten you, now go for his Cup!

Cupid's Cup is a $10,000 monetary award given to the best student start-up business. The First Annual Cupid's Cup will be awarded by Kevin Plank, CEO and founder of Under Armour. The winner will receive a $10,000 cash prize to invest in their company and possession of Cupid's Cup for a one year period.

Cupid's Cup Business Competition  - Final Round May 19th

 Free General Admission - Register today!

1524 Van Munching Hall - Frank Auditorium

Guest Speaker: Kevin Plank, CEO of Under Armour and UMD alum

 

Competition Agenda May 19th:

 

1:30 p.m. - 2:30 p.m. - Finalists business pitch and presentation/questions from the audience and judges

 

2:30 p.m. - 3:00 p.m. - Guest Speaker Kevin Plank, CEO of Under Armour and UMD alumni, to talk about his entrepreneurial ventures

 

3:00 p.m.- 3:30 p.m. - Reception, Winner announcement and presentation of Cupid's Cup

 

 

 

Register Today to attend this exciting competition and a chance to hear Kevin Plank speak live about how his entrepreneurial ventures in college became what Under Armour is today!

 

For details about this event please contact Andrea Galati or call 301-405-9511 to receive more information.

 

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Upcoming Events
 

Entrepreneurship Workshop: Smart Strategies for Smarter Growth

Entrepreneurs, Please join us on June 22nd for a 1-day workshop dedicated to learning about sustainable business growth strategies. Registration and workshop details will be provided in our June newsletter.

Thursday, June 22nd,  8:00 a.m. - 5:00 p.m., 2517 Van Munching Hall 

Please contact Melissa Carrier if you would like more information.

 

Pitch Dingman Competition

This event is held monthly and is a follow-up to our weekly walk-in Pitch Dingman held on Fridays at 11:00 a.m.  Come to the monthly competition, present your business idea in 5 minutes to a panel of judges from the Dingman Center, and you could win $500!  For information about the weekly Pitch Dingman sessions on Fridays or the monthly Pitch Dingman competitions, e-mail Derek Vlcko at dvlcko@rhsmith.umd.edu.

Fridays, 11:00 a.m. - 12:00 p.m., 3570 Van Munching Hall

Final Pitch Dingman Review of the Semester, May 12th

 

Speaker Event - Bob Koran

Struggling to find how you can put your MBA to work, make money, and still have fun? 

Join Bob Koran, partner of United Communications Group (UCG), an information products and services firm, and winner of Washingtonian Magazine's Top 50 Places to Work Award to hear how he helped build UCG from the ground up into an award-winning global organization with this simple recipe for success: Quality, Money, and Fun.

Monday, May 8th, 6:00 p.m. - 6:45 p.m., Ronald Regan Building, Classroom 330B

For more information about UCG, go to http://www.ucg.com/. 

For more information about this event, email us at ucgatsmith@yahoo.com. 

 

Smith China Business Plan Competition

The University of Maryland's Robert H. Smith School of Business is sponsoring its second annual China Business Plan Competition. The competition, themed "Building Leaders for the Digital Economy" is organized by the Smith School's Dingman Center for Entrepreneurship and will bring together entrepreneurs and business executives from around the world to compete for a total of $50,000 in prize money, including a $25,000 grand prize, $15,000 second prize and $10,000 third prize.

For entry details and more information please see the Smith website.

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The Dingman Center's newest addition:

Associate Director, Melissa K. Carrier

 

Melissa Carrier joined the Dingman Center this April after 11 years of leading organizational growth for technology companies ranging from Fortune 500 to early stage start-ups.  Ms. Carrier brings broad experience across corporate and product-line positions including acquisitions and divestitures, venture investments, partnerships, new product launches, system implementations and marketing programs.

 

Ms. Carrier joined the Dingman Center from AT&T, where she served as Finance Director for AT&T Mergers and Acquisitions. While at AT&T, Ms. Carrier also led investments for the company's corporate venture fund. In this role, Melissa had lead responsibility for managing the investment pipeline, analyzing financial and market data, performing on-site due diligence, and executing deals.  During Ms. Carrier's tenure at AT&T, she also served as the Product Manager for the MVNO wireless data content offering/platform as well as Manager of Strategy and Business Development for AT&T Consumer Services.

 

Ms. Carrier began her career as a process consultant for Andersen Consulting.  During this time, she worked with U.S. and European clients on business process design and ERP system implementations.  Subsequently, Ms. Carrier served as a Director at two startup technology companies focused on web-based business-to-business strategies. Immediately prior to obtaining her MBA, Melissa led strategic development of core processes for SAP's Global Solution Center.

 

Ms. Carrier received a BS in Chemical Engineering from The Ohio State University and an MBA with Honors in Finance and Strategic Management from The Wharton School of The University of Pennsylvania.

 

Melissa currently lives with her husband, son, and flat-coated retriever in Potomac, MD.

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Event Summaries

 

20th Anniversary Gala - April 5th

The Dingman Center's 20th anniversary brought together a wide range of individuals whose lives have been impacted by the Center during the past two decades. Past Dingman Center Scholars, Board members, Entrepreneurs in Residence and local entrepreneurs and investors all showed up to celebrate the accomplishments of the center in fostering entrepreneurship in the local and regional economy. The highlight of the event was a keynote speech delivered by Michael Dingman which encouraged entrepreneurs to continue building and creating opportunities and to determine ways to thrive in a changing world. He especially focused on the rising dominance of China and the hunger of the Chinese to build successful companies. He also cautioned US government regulators to not create regulations that stifle growth and add significant transaction costs to the economic market system.
 

Rudy Lamone and Charlie Heller were both recognized for their significant contributions to the growth and development of the Dingman Center over the past two decades. Howard Frank spoke about the importance of entrepreneurship in driving the global economy and how, coupled with technology and globalization, it represents one of the key trends of our time and a key component of a Smith School education. It was a wonderful event that represented many of the strengths of the Smith School and celebrated Michael Dingman for his tremendous generosity and vision to aid in the growth of the nationally recognized Dingman Center.

 

View the Program portion of the event.

 

 

Dingman Day Lunch - Featuring Honest Tea - April 21st

Honest Tea spoke to a room full of interested students about its explosive success and growth in the organic drink market.  They also introduced the company's latest product, Tangerine Green Tea. At ten calories per bottle, Tangerine Green is the lowest calorie drink Honest Tea has rolled out to the market.  Honest Tea's one man marketing team spoke on the marketing struggles and successes they encountered with Tangerine Green. 

 

Tangerine Green was set to be called Honest Tea Zero, signifying the zero calorie per serving aspect of the drink, when at the last minute a recalculation of the tea's ingredients showed a calorie count of greater than 0! Honest Tea lived up to its brand name and immediately removed the name from the bottle and now promotes it's newest drink Tangerine Green at 10 calories per bottle.

 

After a taste test of Tangerine Green and a lively question and answer session the lunch concluded with many new organic tea drinkers!

 

 

Tech Visionary Series - Alternative Energy - April 27th

Rising energy prices, increasing world wide demand and national security concerns are driving investment dollars toward the alternative energy sector like never before. Experts in solar energy, biofuels, hydrogen generation, and fuel cell technology will discuss the current landscape and future horizons in this exciting area. Learn how renewable energy trends are affecting views on energy use management, transportation and construction, and how these views are creating new investment opportunities. This panel will help you develop an effective strategy to evaluate alternative energy ventures.

 

The slides of our 4 panelists are linked below:

 

Dr. Greg Jackson

    Associate Professor

Dr. Ashwani Gupta

    Professor of Mechanical Engineering

Barney S. Rush

    CEO, H2Gen Innovations, Inc.

John W. Spears

    President, Sustainable Design Group Inc.

    President, International Center for Sustainable Development

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Dingman Scholars doing great things!

Valerio Zanini launches his start-up company Goozex

Ambition and ingenuity are alive and well among the student body at the university. Currently two students, undergraduate economics major Jonathan Dugan, and second year MBA student Valerio Zanini, are aiming to turn their innovative business vision into reality. How often do students and their peers discuss inventive ideas and shrug them off as silly dreams? Dugan and Zanini are doing just the opposite with their business idea called…GOOZEX.
 

According to the co-founders, Goozex.com will revolutionize the way used video games are bought and sold.  By allowing gamers to buy and sell used games quickly, easily and at an affordable price, Goozex will fill a clear need in the video game industry that gouges gamers with the costs of new and used games. The founders of Goozex knew there had to be a better way, and set out to develop an innovative online platform that would facilitate online trading of video games across different geographical,social, and age groups, at an affordable price.

 

The service is unique because of the internal Goozex currency, which allows users to fully leverage the equity in their video games by trading their games for Goozex points, not for money. The company is also developing an advantage in the marketplace with its unique brand identity which will cater to the video gamer.

 

Last week the Company released the first version of the web-site that allows users to pre-register for updates on the development and for invitation to participate in the beta testing. The official launch of the system is expected to be on July 1st, 2006.

 

The company was incorporated in Maryland on March 14, 2006 and is currently incubated by the Dingman Center for Entrepreneurship.

 

Corporate web-site: www.goozex.com
 

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In the News!

Portfolio Company Ultimate Seasonings, LLC

 

Julie Ndjee promoted Ultimate Seasonings, LLC and made an appearance with the Food Doctor on ABC News Friday, April 28th. Click the link below to watch the news segment.

ABC News Money Matters Video

 

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CAN Success Stories

April Update

 

The Dingman Center for Entrepreneurship's Capital Access Network sponsored by Deloitte has some exciting updates about the success of several of our presenting companies in raising Angel funding, creating important strategic relationships and making further strides in developing their products and bringing them to market. For selected presenting companies we now offer the ability, through Stream Center, to view their streaming video and PowerPoint presentations.

Sensics:  As a direct result of their December CAN Presentation, Sensics recently closed on a $150,000 round of Angel funding. Sensics produces virtually reality headsets and the software that drives them for use in design and simulation. For a streaming video of Sensics' presentation CLICK HERE or for more information contact:

     Yuval Boger, CEO, 443-226-2967, yuval@sensics.com , www.sensics.com 


Aquity ID: This company which presented at the CIC in October , has significantly advanced its RFID technology. As a result in mid-march sold its first version as part of a large contract in the Netherlands. For more information contact:

     William J. Poulsen - President/CEO 410-951-9144, www.AcuityID.com

AON: Producer of bleeding edge optical storage devices and another presenter at CIC has raised another $1 million dollars from friends and family as part of a 3 million A Round. They are continuing to seek out additional early-stage funding to complete the round, and expect to be shipping samples in Q4 of this year to sales targets in the network storage industry. Contact:

     Glenn Gladney, President, ggladney@aol.com, 732-866-0968

Cident: This company televises foreign language programming to large immigrant populations in the United States that is otherwise unavailable through traditional channels. Since their December presentation to CAN, Cident has opened a $750,000 Convertible Note as part of its Series A.  They have received very strong interest from several TV station owners. Cident is hoping that a well structured VC deal will drive participation from these potential strategic broadcasting investors. For Cident's presentation in streaming video CLICK HERE Contact:

     AJ Frazer, President & CEO, (703) 234-1803, ajfrazer@cident.net, www.cident.com 

XTS: XTS which provides advanced reporting tools to Citrix administrators has recently received a bridge round of $100,000 comprised of $50,000 from a strategic partner and $50,000 from MD DBED. Their product launched in February and a 15 day evaluation version was immediately downloaded by 50 potential customers. Three Citrix Platinum partners have joined the XTS reseller network: two in the US and another in London. In addition, XTS was chosen to become a Dingman Center Portfolio Company. To view XTS' presentation in streaming Video CLICK HERE or Contact:

     Eric Spiegel, CEO, 410-382-8220, espiegel@xtsinc.com, www.xtsinc.com 

InfraSi:  Has added a Chief Marketing Officer to their management team. Joel Sachs brings twenty years of IT marketing experience to the already experienced InfraSi executive team. Most recently Mr. Sachs served as CMO of Riptech, Inc. InfraSi has continued to refine their economical enterprise storage solutions and is continuing to look for $1 million in Series A funding. To view InfraSi's streaming video presentation with slides CLICK HERE or Contact:

     Wick Keating, President, CEO, 443-534-3457, wkeating@infrasi.com, www.infrasi.com.


CAN facilitates funding relationships between area start-ups, and angel and seed investors. Part of the Robert H. Smith School of Business at the University of Maryland, the DCE runs CAN. The DCE recruits presenters from the Maryland area, particularly from CAN's member incubators: the Chesapeake Innovation Center , Emerging Technology Centers , Maryland Technology Development Center, and Silver Spring Innovation Center . Silicon Valley Bank also sponsors CAN.
 

Spring 2006 Breakfast Series

 Wednesday, May 17 from 9:30 to 11:30 AM in the Executive Dining Room of the Robert H. Smith School of Business, University of Maryland in College Park.

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Partner Events

 

Early Stage East 2006 Ninth Annual Venture Conference

May 8th and 9th 2006 DuPont Country Club & Brantwyn Estate

 

Early Stage East has remained geographically the largest venture conference focused on early stage companies from New England to the Carolinas since 1998. More than 375 companies have presented at Early Stage East conferences and have gone on to raise more than $650 million in venture funding. Some featured industries include information technology, life sciences, enterprise software, pharmaceutical industries, industrial bio technology and many more.  For more information on Early Stage east visit www.earlystageeast.org.

 

 

HCIL's 23rd Annual Symposium

June 1st and 2nd 2006 Human-Computer Interaction Laboratory at the University of Maryland

 

The HCIL's Annual Symposium will highlight the cutting-edge research being conducted in the Human-Computer Interaction Laboratory at the University of Maryland. The Symposium will  take place Thursday, June 1st, followed by a day of tutorials and workshops Friday, June 2nd. There will be a series of talks followed by demonstrations of all of the lab projects with time to meet and talk with researchers in an informal setting.

For more information and to register please visit their website.
 

 

2nd Annual National Women's Business Conference

Jun 12th 2006 J. W. Marriott in central Washington, DC

 

This conference features exemplary speakers, workshops, exhibit hall, and loan fair.  All of this in addition to government agency matchmaking sessions and the media interview roundtables make this conference one not to be missed.  Register for this event and find out more at www.businesswomensconference.com

 

 

3rd Annual Digital Media Conference

June 23rd 2006 Ritz-Carlton in Tysons Corner

Don't miss the event the Washington Post calls “a confab of powerful communicators and content providers in the region.”  This information gathering and powerful networking event is intended for media, entertainment and technology businesses, educational institutions, and government agencies involved in the digital distribution of media. For sponsor packages, speaker information, contacts, and additional information visit www.DigitalMediaConference.com.  When registering be sure to mention you are a Dingman Community Member and receive a 25% discount on your registration fee!

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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
Dr. Charles Heller, Chairman of the Board and Director Emeritus
Dr. Scott Koerwer, Associate Dean, Professional Programs and Services

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

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