Win or Learn—the Risky Business of GFDA Lecture and Q&A with GFDA co-founders-- Nov 3 -7pm LH1 Join The Common Art Program and Common Vision on Thursday, November 3, at 7 pm in Lecture Hall 1, for a lecture and Q&A session with the co-founders of Good F*cking Design Advice (GFDA). 

GFDA creates products and experiences that challenge the thinking, discipline, and passion of creatives and entrepreneurs. 

They believe that the true value of creative work is borne from uncertainty, that innovative ideas come from the scrapes and cuts earned in exploring uncharted territory, and that risk is the shortest path to growth. This perspective reflects their story, sense of humor (or lack thereof), business savvy, and passion for design—all of which they're ready to share with you next Thursday evening. 

Click here to visit their website. 
]]> Join The Common Art Program and Common Vision on Thursday, November 3, at 7 pm in Lecture Hall 1, for a lecture and Q&A session with the co-founders of Good F*cking Design Advice (GFDA). ... https://dev.my.umbc.edu/api/v0/pixel/news/63460/guest@my.umbc.edu/8df69cd15e22bd8e30aabdd141e7d6af/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC 0 0 true Mon, 31 Oct 2016 13:07:55 -0400 Framing Your Business: Business Plan Development RECAP ENTR Workshop with Stephen Auvil Recap and Slides

  • “Entrepreneurship is a discipline”

    • Entrepreneurial thinking can be applied to a lot of situations, especially engineering,

      • If you understand the bigger picture of why you’re designing features, that’ll take you a long way

    • As a faculty member, running a lab is like running a business

      • grant competition

      • staff management

    • There are business plan competitions all over and your entrepreneurial skills can be a source of won cash.

  • The Purpose of Business Plans

    • About planning (you wouldn’t go build something you haven’t designed first

    • Establish your budget

    • Find out if your idea is even feasible

      • You need to be able to convince yourself the idea is worth it

        • That’s money and time that you don’t want to waste on something that won’t pan out.

    • Convince investors your idea is worth their money and time

    • Most often used as a sales document

  • Characteristics of a business plan

    • You get what you put in

      • If you spend more time building a plan and researching, you get a better finished product

        • He’s referring to spending more time researching and developing, not editing grammar.

    • Expect modifications

    • There should be a natural succession and it should read like a story

    • Effectively convey information with bullets and diagrams (visuals)

    • 25-30 page max

    • Needs to answer questions they will have.

    • No confidential information

      • Don’t detail your secret recipe and then swear every investor to secrecy

  • Basic Business Plan outline (plenty of examples on the internet)

  1. Cover sheet

    1. name, contact

    2. revision #/date

  2. Table of contents

  3. Executive summary

    1. 2-3 pages

    2. only thing they’ll look at

    3. critical points

  4. Define a problem/need

    1. magnitude of problem

    2. current approaches

    3. how those approaches fall short

  5. Describe solution

    1. talk about what tech does, not how it works

    2. focus on advantages and degree of disruption of how we do things

    3. A good solution

      1. fundamental tech

      2. disruptive tech

      3. intellectual prop protection

      4. clear translation into products or service

      5. cooperation of the inventor/technical expert

  6. Describe company

    1. type of company

    2. founder info

    3. mission statement

    4. History

    5. product description

  7. Market analysis (industry analysis, tarket markets, customer profile, competitive analysis)

    1. research (dialogue with cust)

    2. References

  8. Operations

    1. Where you are to where you wanna go

    2. Time-money

    3. how will you scale-up

    4. how will you get product to customer

    5. post-scale responsibilities

  9. Marketing strategy

    1. revenue model

    2. market entry strategy

    3. Partnerships

    4. expansion strategies

    5. The 4 P’s

      1. Pricing

      2. Positioning

      3. Promotion

      4. Place

  10. Management

    1. investors invest in people(teams), not products

    2. bios on key people

    3. at least have a team of advisors in different areas of expertise

  11. Financing

    1. “Bootstrapping”

    2. “non-dilutive sources”

    3. “dilutive sources”

  12. Exit strategy

    1. how will they make money at the end?

  13. Financial statements

    1. for 5 years

    2. balance sheet

    3. income statement

    4. cash flow
 ]]> “Entrepreneurship is a discipline” Entrepreneurial thinking can be applied to a lot of situations, especially engineering, If you understand the bigger picture of why you’re designing... Presentation https://assets4-dev.my.umbc.edu/system/shared/attachments/e728000ead000d31d91720ac9f72738b/6a0a99ea/news/000/063/521/77a83d41494e076f5a707655c3a98ccd/Developing a Business Plan - Part I and II - 2016.ppt?1477774216 https://dev.my.umbc.edu/api/v0/pixel/news/63521/guest@my.umbc.edu/cfe21b8d3b45eccb7a0db804f1ff4c3e/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC 0 0 true Sat, 29 Oct 2016 16:52:15 -0400 TALKING ABOUT FEELINGS Lec & book signing with Alum Adam J. Kurtz-- Nov 10 7pm LH1 Join Common Vision and The Common Arts Program on Thursday November 10, at 7pm in Lecture Hall 1, to listen to visual arts alum Adam J. Kurtz "talk about his feelings". 

It is a funny, irreverent look at how Adam channels his emotion into creative work and how everyone can feel enabled and empowered to do the same, no matter their skill set or resources. 

This will be followed by a book signing. His just released second publication, Pick Me Up: A Pep Talk For Now & Later, will be available for purchase at the Bookstore as well as available to pick up a copy at the lecture.

 Adam’s first book 1 Page at a Time was extremely successful and translated into 15 languages.

]]> Join Common Vision and The Common Arts Program on Thursday November 10, at 7pm in Lecture Hall 1, to listen to visual arts alum Adam J. Kurtz "talk about his feelings".  It is a funny,... Flyer https://assets1-dev.my.umbc.edu/system/shared/attachments/9f0d4212d97affe04e7e4942c779a0a4/6a0a99ea/news/000/063/464/8d37be25170778cefa6d23801922dc97/adamjk_lecture_flyer.pdf?1477579034 https://dev.my.umbc.edu/api/v0/pixel/news/63464/guest@my.umbc.edu/d80eeb2896b6a85ac1b00cf5ea4af086/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC 1 0 true Thu, 27 Oct 2016 10:38:43 -0400 Framing Your Business: Business Plan Development THIS Week ENTR Workshop with Stephen Auvil- Oct 26 12-1PM

Are you currently in the midst of or thinking about writing a business plan, but feel overwhelmed, confused and unmotivated? Does the sheer thought of 40 pages of planning intimidate you?


We understand.


That’s why this workshop is for you. We’ll teach you how to write a killer business plan.


Join us next week for our second ENTR Workshop of the semester with Stephen Auvil--October 26 from 12-1 PM in entreSpace--and learn how to literally frame your business on paper. Learn what’s worth writing about, how to phrase it, and what investors really want to see in your business plan. Stop wasting time stressing and come sit with us next Wednesday to put all your concerns to rest. We can’t wait to see you there!


Description


There is a wide variety in the quality of business plans that are written by entrepreneurs. Business plans that lead to venture capital investment are often of a “Professional” quality, while many of those drafted by inexperienced entrepreneurs and students (for MBA programs or business plan competitions) do not achieve the same level of sophistication. This talk will discuss some of the key parts of a business plan and what it takes to develop a professional quality plan that is ready for investors. Whether you want to raise money or win the next business plan competition, this talk will you understand what it takes to prepare for the development of a solid business plan.


About Stephen


Stephen Auvil is the senior vice president for technology transfer and commercialization at the Maryland Technology Development Corporation (TEDCO). In this role, he is responsible for overseeing TEDCO’s funding programs. In this capacity, he reviews proposals from a variety of start-up and early-stage companies. Prior to his four years at TEDCO, Stephen spent 17 years in university technology transfer at the University of Maryland, Baltimore County (UMBC) and at the Johns Hopkins University School of Medicine. Before his time as a technology transfer professional, Stephen worked for two small medical device companies where he had a variety of responsibilities ranging from rebuilding medical devices under GMP to setting-up and networking computerized accounting systems. He began his career as a laboratory technician studying ion channels in membranes. Stephen graduated with a Bachelor of Science degree in Biology and Engineering Science from Loyola College in Maryland, and went on to earn a Master’s of Business Administration from the University of Baltimore and a Master’s of Science in Biotechnology from the Johns Hopkins University.


]]> Are you currently in the midst of or thinking about writing a business plan, but feel overwhelmed, confused and unmotivated? Does the sheer thought of 40 pages of planning intimidate you? We... https://dev.my.umbc.edu/api/v0/pixel/news/63365/guest@my.umbc.edu/8f4360f992258b14c4590abe02985578/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/xxlarge.jpg?1477322647 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/xlarge.jpg?1477322647 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/large.jpg?1477322647 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/medium.jpg?1477322647 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/small.jpg?1477322647 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/xsmall.jpg?1477322647 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/365/b15b1c7fc178fcfca14fcf6c473e7b21/xxsmall.jpg?1477322647 0 0 true Mon, 24 Oct 2016 11:25:01 -0400 Managing Growth is Next Week ENTR Speaker Series with Brian Razzaque --Oct 24 - 12-1PM

Don’t miss the second Speaker Series of this semester, next week onMonday, Oct 24 from 12 - 1pmwith Brian Razzaque as he talks about how to manage a growing business, what to expect and how to survive scaling up.


Bring your lunch, your notebooks and your questions and join us in UC 312 next Monday at noon. We look forward to seeing you!


Description


So you’ve gotten your business up and running, your customer base is growing and you’re starting to experience some success. Now what? Hear a discussion on common issues that fast-growing companies often run into and strategies for tackling those problems and effectively managing and scaling a business.


About Brian


Brian is a serial entrepreneur with a broad range of expertise ranging from technology and marketing to real estate. His current company, SocialToaster, is nationally recognized as a leading social media start-up, having raised over $8.5M in funding to-date and doubled revenues every year since inception. Brian is familiar first-hand with the challenges and struggles that a rapidly growing organization faces, and will share lessons learned that can help smooth out the rocky road to success. ]]> Don’t miss the second Speaker Series of this semester, next week onMonday, Oct 24 from 12 - 1pmwith Brian Razzaque as he talks about how to manage a growing business, what to expect and how to... https://dev.my.umbc.edu/api/v0/pixel/news/63260/guest@my.umbc.edu/f3b7e9c872cd7e9935e4e3b52b59655b/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/xxlarge.jpg?1476905029 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/xlarge.jpg?1476905029 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/large.jpg?1476905029 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/medium.jpg?1476905029 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/small.jpg?1476905029 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/xsmall.jpg?1476905029 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/260/0a43798a4f8ecce8979c6aa0933373a6/xxsmall.jpg?1476905029 0 0 true Wed, 19 Oct 2016 15:25:01 -0400 TODAY is the LAST day for Idea Competition Applications!! Annual Idea Comp deadline is TONIGHT--Win up to $750!!

GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash!

The UMBC Idea competition is designed to challenge you to think about problems and opportunities all around us. If UMBC is one of the most innovative schools in the nation, then UMBC students are just the kind of innovators that can really change the world. This is your chance to make it happen.

Simply answer a handful of general questions regarding your idea on the entry form (video pitches are allowed, just link your video to your form). The top entries will be judged by a panel of professionals and alumni, along with a crowd of students on November 17, 2016, at the final competition in the Commons Sports Zone .

Cash prizes are:

  • 1st prize                  $750  

  • 2nd Prize                $500

  • 3rd Prize                 $250

  • Best Pitch               $250


How to Enter

To enter the competition, complete the UMBC Idea Competition Entry Form, which asks you to describe a problem or opportunity, and describe your idea for addressing it. Submission forms will be limited to one page, so you will need to articulate the problem you have identified and your idea succinctly. You will also be allowed to post a video to YouTube in which you can personally pitch your idea to the campus. The videos are not required, but they are encouraged as an effective way to communicate ideas to the review committee. YouTube videos are limited to 60 seconds and creativity is encouraged. Videos longer than 60 seconds will not be considered by the judges.

For a full list of the rules, visit http://entrepreneurship.umbc.edu/competitions/umbcs-idea-competition/

DEADLINE FOR SUBMISSIONS:

OCTOBER 13, 2016 AT 5:00PM


Best of luck!


 ]]> GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash! The UMBC Idea competition is designed to challenge you... https://dev.my.umbc.edu/api/v0/pixel/news/63017/guest@my.umbc.edu/3e33d5895b0dc3fe9a71b8f816ae3e6e/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/xxlarge.jpg?1476190926 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/xlarge.jpg?1476190926 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/large.jpg?1476190926 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/medium.jpg?1476190926 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/small.jpg?1476190926 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/xsmall.jpg?1476190926 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/017/d26f0649cc51b9c6045338661c2c229c/xxsmall.jpg?1476190926 0 0 true Thu, 13 Oct 2016 08:36:07 -0400 Idea Competition Applications are due TOMORROW! Annual Idea Comp deadline is THURSDAY--Win up to $750!!

GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash!

The UMBC Idea competition is designed to challenge you to think about problems and opportunities all around us. If UMBC is one of the most innovative schools in the nation, then UMBC students are just the kind of innovators that can really change the world. This is your chance to make it happen.

Simply answer a handful of general questions regarding your idea on the entry form (video pitches are allowed, just link your video to your form). The top entries will be judged by a panel of professionals and alumni, along with a crowd of students on November 17, 2016, at the final competition in the Commons Sports Zone .

Cash prizes are:

  • 1st prize                  $750  

  • 2nd Prize                $500

  • 3rd Prize                 $250

  • Best Pitch               $250


How to Enter

To enter the competition, complete the UMBC Idea Competition Entry Form, which asks you to describe a problem or opportunity, and describe your idea for addressing it. Submission forms will be limited to one page, so you will need to articulate the problem you have identified and your idea succinctly. You will also be allowed to post a video to YouTube in which you can personally pitch your idea to the campus. The videos are not required, but they are encouraged as an effective way to communicate ideas to the review committee. YouTube videos are limited to 60 seconds and creativity is encouraged. Videos longer than 60 seconds will not be considered by the judges.

For a full list of the rules, visit http://entrepreneurship.umbc.edu/competitions/umbcs-idea-competition/

DEADLINE FOR SUBMISSIONS:

OCTOBER 13, 2016 AT 5:00PM


Best of luck!


 ]]> GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash! The UMBC Idea competition is designed to challenge you... https://dev.my.umbc.edu/api/v0/pixel/news/63014/guest@my.umbc.edu/f1c1185c1347ef88b4b7fdd30c61a962/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/xxlarge.jpg?1476190585 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/xlarge.jpg?1476190585 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/large.jpg?1476190585 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/medium.jpg?1476190585 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/small.jpg?1476190585 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/xsmall.jpg?1476190585 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/014/fdd690ea1e6c2ef677cd9e7de431c262/xxsmall.jpg?1476190585 0 0 true Wed, 12 Oct 2016 13:38:55 -0400 LAST WEEK for Idea Competition Applications!! Annual Idea Comp deadline is Oct 13--Win up to $750!!

GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash!

The UMBC Idea competition is designed to challenge you to think about problems and opportunities all around us. If UMBC is one of the most innovative schools in the nation, then UMBC students are just the kind of innovators that can really change the world. This is your chance to make it happen.

Simply answer a handful of general questions regarding your idea on the entry form (video pitches are allowed, just link your video to your form). The top entries will be judged by a panel of professionals and alumni, along with a crowd of students on November 17, 2016, at the final competition in the Commons Sports Zone .

Cash prizes are:

  • 1st prize                  $750  

  • 2nd Prize                $500

  • 3rd Prize                 $250

  • Best Pitch               $250


How to Enter

To enter the competition, complete the UMBC Idea Competition Entry Form, which asks you to describe a problem or opportunity, and describe your idea for addressing it. Submission forms will be limited to one page, so you will need to articulate the problem you have identified and your idea succinctly. You will also be allowed to post a video to YouTube in which you can personally pitch your idea to the campus. The videos are not required, but they are encouraged as an effective way to communicate ideas to the review committee. YouTube videos are limited to 60 seconds and creativity is encouraged. Videos longer than 60 seconds will not be considered by the judges.

For a full list of the rules, visit http://entrepreneurship.umbc.edu/competitions/umbcs-idea-competition/

DEADLINE FOR SUBMISSIONS:

OCTOBER 13, 2016 AT 5:00PM


Best of luck!


 ]]> GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash! The UMBC Idea competition is designed to challenge you... https://dev.my.umbc.edu/api/v0/pixel/news/63004/guest@my.umbc.edu/d602d16d8bf2a99a672f1c635fa93cef/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/xxlarge.jpg?1476141648 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/xlarge.jpg?1476141648 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/large.jpg?1476141648 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/medium.jpg?1476141648 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/small.jpg?1476141648 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/xsmall.jpg?1476141648 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/063/004/1397b00c9f187b3a90966db4b1e6504b/xxsmall.jpg?1476141648 0 0 true Mon, 10 Oct 2016 19:21:02 -0400 Idea Competition Applications due NEXT WEEK Annual Idea Comp deadline is Oct 13--Win up to $750!!

GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash!

The UMBC Idea competition is designed to challenge you to think about problems and opportunities all around us. If UMBC is one of the most innovative schools in the nation, then UMBC students are just the kind of innovators that can really change the world. This is your chance to make it happen.

Simply answer a handful of general questions regarding your idea on the entry form (video pitches are allowed, just link your video to your form). The top entries will be judged by a panel of professionals and alumni, along with a crowd of students on November 17, 2016, at the final competition in the Commons Sports Zone .

Cash prizes are:

  • 1st prize                  $750  

  • 2nd Prize                $500

  • 3rd Prize                 $250

  • Best Pitch               $250


How to Enter

To enter the competition, complete the UMBC Idea Competition Entry Form, which asks you to describe a problem or opportunity, and describe your idea for addressing it. Submission forms will be limited to one page, so you will need to articulate the problem you have identified and your idea succinctly. You will also be allowed to post a video to YouTube in which you can personally pitch your idea to the campus. The videos are not required, but they are encouraged as an effective way to communicate ideas to the review committee. YouTube videos are limited to 60 seconds and creativity is encouraged. Videos longer than 60 seconds will not be considered by the judges.

For a full list of the rules, visit http://entrepreneurship.umbc.edu/competitions/umbcs-idea-competition/

DEADLINE FOR SUBMISSIONS:

OCTOBER 13, 2016 AT 5:00PM


Best of luck!


 ]]> GOT IDEAS? LET’S HEAR THEM! Share them with us and you might win $750! Keep reading to learn how your brilliant idea can win you some cash! The UMBC Idea competition is designed to challenge you... https://dev.my.umbc.edu/api/v0/pixel/news/62874/guest@my.umbc.edu/3f273d4f6597f8da57998a82a5dc65ca/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/xxlarge.jpg?1475681465 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/xlarge.jpg?1475681465 https://assets3-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/large.jpg?1475681465 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/medium.jpg?1475681465 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/small.jpg?1475681465 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/xsmall.jpg?1475681465 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/874/2b763a9f0c775cd353c1bea1c613ef49/xxsmall.jpg?1475681465 0 0 true Wed, 05 Oct 2016 11:31:22 -0400 Customer Discovery & the Validation of Your Business Model ENTR Workshop with Bob Storey TOMORROW--Oct 5, 12-1pm

The Alex. Brown Center is so excited to start off this semester with our first workshop tomorrow--October 5, from 12 - 1pm in SONDHEIM 103--with Bob Storey!


Learn how to begin a start-up the most efficient way possible using the Lean Start-Up Methodology, and learn valuable entrepreneurial concepts like Minimum Viable Products and Value Propositions. If you have a business idea, but don’t know where to start, this is the workshop for you.


By the time you leave us, you’ll be sounding and acting like a serial entrepreneur! We can’t wait  to see you!


Description


Customer Discovery and the validation of the hypotheses that underpin your Business Model are crucial steps before a formal business plan is developed or extensive development is undertaken. In this workshop you will learn about the Lean Start-up methodology that is being applied to venture creation and will focus on the philosophies and techniques that you will use as you identify your initial target customer segment and corresponding set of value propositions. It will help you understand how to develop the "Metrics That Matter" across the full business model, and the role that a minimum viable product (MVP) plays in helping to find a true product market fit. A must-have technique to eliminate confirmation bias and to discover true customer needs.


About Bob


Robert Storey is the Principal of The MVR Company and the Managing Director of the Maryland branch of VIC Technology Venture Development, a private, for-profit development firm with offices in Annapolis, Boston, Fayetteville, and San Diego. At VIC, he assists in the assessment and creation of new ventures, with a particular focus on medical technologies.


He is currently a National Instructor for both the National Science Foundation’s I-Corps™ and for the National Institute of Health’s I-Corps @ NIH™ program.  In addition to his role at the US national level, he has been the principal instructor for international cohorts in the I-Corps & Lean Start-up arena in South America and Asia Pacific, as well as lead instructor for the US State Department’s Global Initiative for Innovation in Technology programs in Southern and Western Africa.


He is active on a national basis on the subject of assessment and formation of start-up technologies, and sits on the Boards of six start-up and mature firms.


]]> The Alex. Brown Center is so excited to start off this semester with our first workshop tomorrow--October 5, from 12 - 1pm in SONDHEIM 103--with Bob Storey! Learn how to begin a start-up the... https://dev.my.umbc.edu/api/v0/pixel/news/62822/guest@my.umbc.edu/624a1f65b8d98fb0f9bb70c1a821b5b6/api/pixel ENTR@UMBC https://dev.my.umbc.edu/groups/entr-at-umbc https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/original.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xlarge.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/large.png?1377114779 https://assets1-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/medium.png?1377114779 https://assets2-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/small.png?1377114779 https://assets4-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xsmall.png?1377114779 https://assets3-dev.my.umbc.edu/system/shared/avatars/groups/000/000/631/331bd2a196c2bb4218eeb9546578dd20/xxsmall.png?1377114779 ENTR@UMBC https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/xxlarge.jpg?1475584048 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/xlarge.jpg?1475584048 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/large.jpg?1475584048 https://assets1-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/medium.jpg?1475584048 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/small.jpg?1475584048 https://assets4-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/xsmall.jpg?1475584048 https://assets2-dev.my.umbc.edu/system/shared/thumbnails/news/000/062/822/6640e289971f33ec123156dbdbe8ecc4/xxsmall.jpg?1475584048 0 0 true Tue, 04 Oct 2016 08:27:49 -0400