DECEMBER 2008

The Latest News

2008 Dingman Delegation to China

Just released are video and photos from the trip!  Please revisit the press release which now includes a compilation video and a link of highlight photos.  The video can also be found on the Dingman Center's YouTube page.

 

 

 

Hudson Institute and the Dingman Center for Entrepreneurship Luncheon Seminar - "The Future of Entrepreneurship in China" will be held on December 11th and will feature Asher Epstein as a speaker.  For more information on the event, please click here or scroll below.

 

 

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Pitch Dingman News

November 2008 Pitch Dingman Competition Winners

Frog Q ($1,750 Award):

  • Judges awarded $1500 to Aaron Pennell, Dennis Glorioso, and Patrick Foley, three MBA students from the University of Maryland’s part-time MBA program, for their business concept, “Frog Q.”  Frog Q is a downloadable widget and a stand-alone website that will allow social networks to connect and interact more than current social networking products.  It will also provide features that will enable businesses and professionals to better socialize business issues to make better and more informed decisions.  This is Frog Q’s second attempt at Pitch Dingman, after being coming very close to winning the competition the month before.  Frog Q also won the $250 audience choice award, edging out two competitors, “PeepsPlay” and “Tersus,” by just one vote.

PeepsPlay ($1,000 Award):

  • Judges awarded Jonathan Katzur and Jonathan Speiser $1000 for capturing second place with their business concept, “PeepsPlay.”  PeepsPlay is a mobile application development company that will produce social, entertainment, and gaming applications for mobile devices, particularly the iPhone.  The company hopes to capture a stake in the burgeoning social gaming and entertainment market for mobile devices by exploiting open-source technology and the popularity of Facebook.

The next Pitch Dingman Competition will be the first of the spring semester, held on Friday, February 27, 2008 from 11:00 a.m. to 12:00 p.m. (room TBD).

 

*About Pitch Dingman

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Portfolio Company Updates

2008 National University Startups Competition Winners

Congratulations to Exponential Storage for getting second place and Goozex for placing fifth in the National Council of Entrepreneurial Tech Transfer's 2008 National University Startups Competition!

The final round of the National University Startups Competition was held in Washington DC on October 2-3, 2008 at the annual University Startups Conference. The winners emerged from over 400 university startups listed on the University Startups List 08 and after several months of presentations via an online showcase platform to over 300 VC, angel investor and university judges. This inaugural competition was primarily designed to provide a forum for exposure, education and feedback to entrepreneurs and universities on the subject of how to create top-level investment-worthy university spin-outs.

For more information regarding the competition and its winners, please visit the website.  For the Smith School's press release, please click here.

Baltimore Business Journal Identifies Netrino as one of the Fastest Growing Area Companies

Columbia, MD (December 8, 2008) -- Netrino, The Embedded Systems Expertssm and a leader in embedded systems training and engineering services, today announced that the Baltimore Business Journal has named Netrino as its second fastest growing private company in the Baltimore area for 2008. The Journal’s Fast Track Companies Report, published in November, compares revenue growth for area companies over multiple years. The report noted an increase of over 800 percent in Netrino’s annual revenue as the major criteria for its selection.

“Netrino is greatly appreciative of the Baltimore Business Journal’s recognition of our company and its financial growth,” noted Michael Barr, Netrino’s president. “This financial growth is directly attributable to our increased emphasis on providing extremely high-quality training and engineering services for our customers in the embedded systems marketplace.”

The recent introduction of Netrino’s Zero Bugs…Period design methodology and related process training course offerings resulted in a significant increase in revenue over the past year. Netrino’s expanded schedule of public training sessions for the popular Embedded Software Boot Camp is now creating a highly positive effect on revenue that Netrino expects to continue into 2009.

*About Portfolio Companies

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Social Venture Highlights

Fall 2008 Wrap-Up Report

The Social Venture Consulting program wrapped up a semester’s worth of consulting projects on December 3, 2008 as eight teams presented their consulting work to an audience of students and faculty. Projects ranged from product development work, to outreach and social networking strategy. Each team presented a background on their client, their project findings, as well as the lessons they learned going forward.

One such client was Aumazo, a nonprofit organization that is planning to build a girl’s school in Bankondji, Cameroon. The client wanted to increase outreach, and the student team built a web strategy, including social networking and multimedia. Another team worked with a small nonprofit organization called The Woman’s Heart, a women’s center that is based out of Casper, Wyoming. The team worked on strategic marketing, enhancing resource utilization and sustaining revenues. 

Other clients were closer to home.  A student team worked with the University of Maryland’s Office of Sustainability’s Climate Action Plan, building a plan to decrease energy usage.

Each team was tasked with communicating lessons learned. Many teams noted a lack of knowledge in a specific background, for example, a marketing background for a marketing case. This prompted a steeper learning curve. To move quickly along the curve, team-members drew knowledge from first-year core courses, for example, the “4 P’s of marketing” in the first year marketing course, as well as other data analysis techniques learned in core courses. Coaching provided by second years who had previously completed the consulting program also helped navigate student teams through their projects.

With a solid foundation of core courses and coaching, client projects were successful. Many teams were able to point to new skills and perspectives developed, a greater sense of teamwork, and perhaps most importantly, a deeper appreciation for the role that business skills can play in solving the problems and challenges facing non-profit and community organizations.

Social Venturing Program Sponsor:

*About Social Venturing

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Capital Access Network Updates

Latest Round of Success

The Dingman Center's Capital Access Network (CAN) connects regional start-up companies seeking early-stage funding with the angel investor community. The CAN Program, sponsored by Morrison & Foerster and Silicon Valley Bank, brought the following exciting start-up companies to the November Investor Breakfast:

The next CAN Breakfast will be held on Wednesday, January 14, 2008 (9:30 - 11:30 a.m.) in 2505 Van Munching Hall.

CAN Program Sponsors:

   

*About CAN

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Last Month at Dingman

Technology Transfer Update

The quarterly Tech Board Review meeting was held on November 18, 2008. Technologies reviewed included a Music Genre Detection System presented by Dr. Carol Espy-Wilson, a Biomass Digester technology presented by Dr. Rick Kohn, an RF-Chargeable Flexible Film Battery presented by Dr. Martin Peckerar, and a Piezoelectric Energy Harvester presented by Drs. Byeng Youn and Soobum Lee.

Contact: Ben Hatten
 

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DCE Partner Events

Capitol Creativity Network Holiday Festival

 

Date: December 10, 2008

Time: 7:00 p.m. - however long you stay!

Location: Center for Digital Imaging Arts (CDIA) in Georgetown (Foundry Building, 1055 Thomas Jefferson St NW)

A Dynamic Presentation with Dan Pink: DC-based NY Times best-selling author (www.danpink.com) of The Adventures of Johnny Bunko, A Whole New Mind and Free-Agent Nation. In this provocative and entertaining presentation, Dan will discuss the medium and the message of his latest book, including how to convey ideas in a crowded, chaotic media landscape. And he'll discuss the book's six lessons - six crucial, creative and counterintuitive secrets to fashioning a successful and fulfilling career.

Social Media Innovation Panel: The presentation will be followed by a Creativity and Innovation Panel on Social Media with Dan and leading social media industry experts who are part of a movement that is creatively changing business landscape and our career choices: Nick O'Neill, founder of www.socialtimes.com, Jesse Thomas, CEO and founder of www.jess3.com, and Frank Gruber, founder and publisher of www.somewhatfrank.com and founder of www.techcocktail.com. Panel Moderator: DC's Marketing Navigator, Jeremy Epstein (www.ignitingtherevolution.com). Event host: CCN founder, Michelle James (www.capitolcreativitynetwork.com).

Registration: Online - $25 ~ At the door - $35. We expect to sell out. Register now to reserve your space here.

This CCN event is sponsored by The Center for Creative Emergence, the Center for Digital Imaging Arts, The Sales Lounge, Job Matchbox and The Dingman Center for Entrepreneurship.

The Future of Entrepreneurship in China

 

Date: December 11, 2008
Time: 11:45 a.m. - 2:00 p.m.
Location: Betsy and Walter Stern Conference Center, Hudson Institute (1015 15th St NW, Washington, D.C. 20005)

China has seen dramatic increases in growth over the past decade. Yet despite the enormous surges in entrepreneurial activities, entrepreneurs still face obstacles. Dr. Tony Ni, a visiting Professor at Shanghai Jiao Tong University, and an entrepreneur both in China and in United States, will discuss the future of entrepreneurship in China and how the country could improve its entrepreneurial environment.

Asher Epstein, managing director of the Dingman Center for Entrepreneurship, will comment. Diana Furchtgott-Roth, senior fellow at the Hudson Institute and director of the Center for Employment Policy will moderate the discussion.

This event is free and open to the public. Lunch will be served.

To RSVP (acceptances only) or to request information, please contact Hudson Institute at 202.974.6451 or e-mail Astha Shrestha.

Essentials of Financial Analysis

Date: December 12, 2008
Time: 8:30 a.m. - 4:30 p.m.
Location: 111 Jeong H. Kim Engineering Building, University of Maryland, College Park

Financial analysis is a fundamental component of launching a successful venture. Setting strategic direction, evaluating marketing and product development investments, understanding your competition, financial analysis touches just about every other aspect of your would-be business. Essentials of Financial Analysis provides the knowledge you need in convenient and stimulating one-day seminar under the auspices of the Certificate in Innovation Management Program, produced jointly by the University of Maryland’s Robert H. Smith School of Business and the A. James Clark School of Engineering. After completing this seminar, you will be able to confidently make informed decisions based on a variety of essential tools including analyses of financial statements, net present value, internal rate of return, return on investment, discounted cash flow, and break even. For more information and to register, 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