Student Entrepreneur Spotlight: Kyran Richardson
Insource: Revolutionizing teamwork among university students
For those of you that don't know Kyran Richardson, he is a recent UMBC graduate, who majored in Financial Economics. I had the pleasure of having a few entrepreneurial classes with him, and he has a passion and drive for success that is unrelenting.
Kyran and his team have been developing InSource for nearly a year. They are very happy to announce that UMBC will be their test campus and expect to be launching it in the upcoming semester. When it does, we'll make sure you know about it and get thr opportunity to be one of the first users.
But for know, let's learn a bit about Kyran and InSource.
1. Tell us a little about your company, and what makes your business
unique?
Insource is a revolutionary new tool that will organize the ideas and pre-startup chaos in the academic community. We will provide a social web-based space for idea creators and idea seekers to come together. Our space is entirely focused on the academic community and can be used by students, faculty, and academic partners. Users will be able to search for individuals that possess specific skills required to advance their projects, they will also be able to be found by students simply by the title of their projects and their specified skills. Insource is not only a place for students to connect but also where innovative ideas become reality.
2. Are there classes on campus that have helped you the most?
I would say that ENTR 320/ Entrepreneurial Marketing with Greg Cangialosi was the class that helped me out the most. That class allowed me to experience what it was like to work with a group to create a product and be able to market it using many different tools. Also, luckily for me I was in a group with members that had recently won the UMBC idea competition and I think knowing someone who came up with a unique idea and actually pursued it really pushed me to do the same.
3. What are some resources that have helped you the most?
(Magazines, Books, Websites…)
A book that I think anyone starting a company should read is Predictably Irrational by Dan Ariely, it explains a lot about human decision making and understanding how people make decisions is really important when trying not only to market yourself but also your companies product.
4. What is the toughest decision you have had to make in the last 6
months?
The toughest decision I had to make in the past 6 months was whether or not to take part of the business plan competition while taking 6 classes and working in my last semester. But hey, I guess hard work really does pay off! [Insource was the winner of CBIC]
5. What advice would you give other student entrepreneurs?
- Don't just try to work smarter and not harder, do both.
- Pay attention to detail
- Meet as many people as possible
- Branding yourself is just as important as branding your business (You don't buy a suit from a bum on the street, you buy a suit from a guy in a suit)
Reach out to Kyran & Visit the InSource Website to learn more.
]]>
For those of you that don't know Kyran Richardson, he is a recent UMBC graduate, who majored in Financial Economics. I had the pleasure of having a few entrepreneurial classes with him, and he has...
http://www.insource.kickoffpages.com/
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Fri, 25 Jul 2014 14:02:23 -0400
Mojoe, coffee when you want it!
Help UMBC Entrepreneurs fund their caffinated innovation
I am a huge coffee addict, and a bit of a coffee snob. Caffeine
addiction is a pretty common occurrence among entrepreneurs, especially in the
start up phase of a business concept.
I know its summer and not everyone is on campus, but I've
been here a lot. The Starbucks is closed, and the other coffee shops close at 3
pm. It would be great if I could brew a fresh cup of coffee anywhere.
I’m not the only one. In fact, a number of UMBC students identified
and tackled this problem; Mojoe lets you brew your own coffee on the go.
Mojoe is a travel mug-sized portable coffee maker that heats
any temperature water from any source to brew up the perfect cup of joe.
Here’s how it works. You load in your favorite coffee (Zeke’s
is pretty good, but Green Mountain may be one of my favorites that easy to find),
to the filter, cream and sugar if you’re into that, and hit the road. Add water
whenever and wherever you can.
Watch the Mojoe Information Video
The system powers up, using a rechargeable battery, a 12V
car adapter, or a wall adapter, and heats up the water; your coffee is heated
to about 200 degrees and mixes in your cream and sugar. After its done brewing,
you can comfortably enjoy the coffee directly from your Mojoe.
The founders of Mojoe, Joseph Hyman and Ezekiel Kolajo, have
launched their crowdfunding campaign and need your help. I know that times are
tough and as a college student money can be tight. In a crowdfunding campaign,
I can tell you that every little bit helps. Even if you don’t have cash to
invest in Mojoe, the secret to a successful crowdfunding campaign is sharing. We
all know people who love coffee…let them know about Mojoe.
Learn more by visiting their website
Help fund Mojoe
]]>
I am a huge coffee addict, and a bit of a coffee snob. Caffeine addiction is a pretty common occurrence among entrepreneurs, especially in the start up phase of a business concept. I know its...
https://www.indiegogo.com/projects/mojoe-the-personal-mobile-coffee-maker
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Fri, 11 Jul 2014 23:34:57 -0400
Student Entrepreneur Spotlight: Ethan Steininger
Student CEO changing the health field & gets noticed for it
In addition to being one of the winners of the first annual CBIC Competition, a senior with majors in Health & Public Policy and Information Systems, Ethan Steininger, Compared Care CEO, has been getting a lot of attention.
Recently, we sat down to discuss his company and to get some words of wisdom from Steininger.
1. Tell us a little about your company, and what makes your business
unique?
High medical bills are the leading cause of personal bankruptcy in the U.S. A primary cause of this is the lack of price and quality transparency in the medical industry. Two providers in Maryland can charge significantly different prices for the same procedure with the same quality of care. Patients typically do not know the cost or quality of a procedure until after they receive the bill.
A better, more transparent way to shop for healthcare is clearly needed.
With Compared Care, you can research your procedures before committing, in order to make more intelligent medical decisions. We take into account the user's required: proximity, budget and quality of care to find the most suitable procedures conducted by the best providers.
2. Are there classes on campus that have helped you the most?
Compared Care is a coalition of many experiences throughout my academic career. From the managerial aspect learned from IS 300, to the user interface and user experience concepts learned from IS 303, there hasn't been a single most important class.
Many of my Health Administration courses have made me more aware of this price/quality disparity, and the need for my proposed solution.
My Entrepreneurship class gave me the push to pursue my idea, as was facilitated by my professor's insight.
3. What are some resources that have helped you the most?
(Magazines, Books, Websites…)
The 4-Hour Work Week is a must read for any aspiring entrepreneur, it teaches you how to efficiently use your time in order to work on the most important things.
Dale Carnegie's classic: How to Win Friends and Influence People should be read by anyone who seeks to communicate with anyone on a professional level. When showcasing and presenting my start up, the skills learned from this book are essential in order to draw my audience's attention.
4. What is the toughest decision you have had to make in the last 6
months?
Whether or not to delay my graduation.
I decided I would not cram my final course into this last semester because it is arguably the most time consuming.
5. What advice would you give other student entrepreneurs?
Don't be afraid to share your idea. Too many aspiring entrepreneurs are so afraid of sharing their idea for fear of somebody stealing it, but their are many myths to this.
- Anyone your sharing with probably has more important things to do.
- Idea is arguably the least important component of a successful business. Execution is all that matters (Look at the Snuggie and Pet Rock)
- Getting your idea out there allows for more expansive critique, which is your most valuable asset at the start up stages.
-
Marketing is essentially sharing your business (which is imperative), so you have to start somewhere which brings me to the next and easiest starting point:
Get a Landing Page now!!
Have an idea? Register a domain, get a landing page up, collect emails, start an email list, and survey your list, but do not spam.
Reach out to Ethan & Visit the Compared Care Website to learn more.
]]>
In addition to being one of the winners of the first annual CBIC Competition, a senior with majors in Health & Public Policy and Information Systems, Ethan Steininger, Compared Care CEO, has...
http://www.comparedcare.com
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Thu, 10 Jul 2014 10:22:25 -0400
Novel Ideas Find Success at Inaugural CBIC
Cangialosi Business Innovation Competition Winners Announced
On Thursday, April 24th, a full house of supporters turned out for the inaugural Cangialosi Business Innovation Competition (CBIC). Coordinated by UMBC’s Alex. Brown Center for Entrepreneurship, and made possible by a generous gift from alumnus and serial entrepreneur Greg Cangialosi, the CBIC offers students an opportunity to experience the process of planning a start-up business.
As the members of the teams arrived, a blend of confidence and nervousness filled the air. Eight (8) teams were selected out of 29 applicants to share their business ideas with a panel of three judges, John Cammack, Hugh Evans and Vince Talbert, all successful entrepreneurs and members of the angel investment group The Baltimore Angels. Teams were comprised primarily of UMBC undergraduate and graduate students, and each was paired with a business mentor to help them further develop and polish their idea prior to the final competition.
Stakes were high with cash awards of $5,000 for 1st place, as well as membership to Betamore, a Federal Hill based incubator and educational facility co-founded by Cangialosi.
First place went to Kyran Richardson and Percy Addo for their development of InSource, a web-based space that brings skills together with people. InSource helps students and faculty know what skills students have so finding a partner to
work on a project, research, or company is easy and seamless. Richardson said the idea came about when he and his roommate were trying to find students on
campus to collaborate on some business ideas they had, but due to a lack of
connections they were unable to find the skills they required. Knowing there is
an abundance of talent around, they wanted to make the matching process easier in the future. When asked about the experience of participating in the CBIC, Richardson and Addo said they were “humbled by winning first place while
competing against some of the most innovative students at UMBC.”
Second place went to Ethan Steininger for his company Compared Care whose mission is to make the healthcare world more transparent. There is a large geographical disparity within the healthcare industry and the same medical procedure will cost significantly more in one area vs another. ComparedCare.com will allow users to upload several variables to help them locate the best alternative. According to Steininger, “The CBIC was the ideal experience I needed to get started in entrepreneurship. It helped to validate my idea of Compared Care and placing second made it seem more legitimate. My mentor, UMBC alumus Andrew Pollack, was a perfect match and I will continue to communicate with him throughout this startup process.”
Third place went to Markus Proctor and his team consisting of Walter Pearson, Kimberly Hodges, and Harjit Singh for their company, EduPal, which is working to revolutionize students’ study habits and improve planning by creating an online tool to help them manage their time more effectively. Markus commented, “Being a part of the CBIC was definitely an exciting and memorable experience. The atmosphere was amazingly positive and I enjoyed networking with some of the brightest entrepreneurs on campus and in the region. Having the opportunity to share my passion with students, faculty, and members of The Baltimore Angels was worth every hour of practice."
Participation in the competition is just the first phase of the business education the winning teams will experience. By far the most important part of the CBIC will be what comes next, the involvement in Betamore programming and events which will provide valuable connections to the Baltimore business community.
Following the event Cangialosi said, “I am so proud of all the students who participated in the competition. It was exciting to see that innovation and the
entrepreneurial spirit is running high at UMBC! I look forward to the next competition and taking it to the next level.”
]]>
On Thursday, April 24th, a full house of supporters turned out for the inaugural Cangialosi Business Innovation Competition (CBIC). Coordinated by UMBC’s Alex. Brown Center for Entrepreneurship,...
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Mon, 28 Apr 2014 17:25:42 -0400
Tue, 29 Apr 2014 09:52:52 -0400
Upcoming Classes - Fall 2014
It's time to register...take a class you'll love & learn!
Hello all. We have reached that point in the semester once again where you have to consider what you want to enroll in for the Fall. Below is a list of the classes that will be available.
If you are interested in the Minor, the first three classes are a must!
Jason Pappas, a serial entrepreneur that has begun more than 10 companies, will be teaching a section of ENTR 200 (Intro to Entrepreneurship). Based on our conversations, I can ensure you it is a class that will be well worth your time.
Gib Mason...all I can say, take his class! You won't regret it. Livin' the Dream!
This class will teach you HOW to think as an entrepreneur and to evaluate problems from a multitude of perspectives.
Finally, Dr. David Hoffman (Assistant Director of Student Life--Civic Agency) and Delana Gregg (Honors College) have been teaching this class for the past few years. You will learn a lot about what it takes to get a social project, non-profit, or civic movement launched, managed, and how to set yourself up for success.
-------------------------------------------------------------------------------------------------------------
ENTR Minor - Core Classes
ENTR 200 Introduction to Entrepreneurship - Jason Pappas
ENTR 201 The Entrepreneurial Mindset - Gib Mason
POLI /AMST/SOCI 205 Civic Agency and Social Entrepreneurship - Delana
Gregg and David Hoffman
ENTR 300 INTERNSHIP - by permission only
Electives approved for the ENTR Minor that will be offered this fall:
ART 361 Digital Darkroom - Calla Thompson
CHEM 405L Advanced Inorganic Chemistry Laboratory - Marie-Christine Onuta
ECON 476 Portfolio Analysis and Management - Chunming Yuan
ENME 204 Introduction to Mechanical Engineering Design with CAD - Soobum
Lee
ENME 444 Mechanical Engineering Systems Design Capstone - Neil Rothman
ENME 489 - sections taught by Markus Zupan , Neil Rothman
FYS 102 Creativity, Innovation and Invention - Gib Mason
HAPP/SOCY 354 Social Bases of Public and Community Health - Andrea Kalfoglou
IS 420 Database Application Development - George Karabatis
IS 448 Markup and Scripting Languages - Sreedevi Sampath
MGMT 210 The Practice of Management - All sections - Vivian Armor,
Suzanne Frock, Richard Sponaugle, and Robert Fleischman
MGMT 310 Human Resource Management - Patricia
]]>
Hello all. We have reached that point in the semester once again where you have to consider what you want to enroll in for the Fall. Below is a list of the classes that will be available. If...
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Mon, 07 Apr 2014 17:27:49 -0400
Happenings with the ABCE - April 2014
Here's what's happening in April with the ABCE!
We've been really happy with the usage of Entre-space in the past few weeks. It's exciting to come in and see other people using a space that was built just for us.
After chatting with a number of you, the Alex. Brown Center has some great things coming up during April.
ENTREPRENEURIAL SPEAKER PANEL
APRIL 9, 2014: Noon, Commons 329
As part of career week, we will be hosting an Entrepreneurial Speaker Panel including these three successful entrepreneurs (one of which is a UMBC Alum).
SHARON PALEY HELPS YOU FIND A JOB:
APRIL 9, 2014: 1:00PM - 3:00PM, ENTRE-SPACE
Afterward come by Entre-space to network with Sharon Paley. Sharon Paley (
gb.tc) will be attending the speaker panel and then will be staying an additional 2 hours to meet and talk with students in Entre-space. She has a wealth of knowledge about the Baltimore Tech community and has a vast network of people. If your interested in learning about job opportunities in the Baltimore area, she's a great resource.
BUILDING YOUR OWN BUSINESS
APRIL 15, 2014: 7:00PM-8:30PM, ENTRE-SPACE
Serial entrepreneur, CPA, and ENTR adjunct faculty member Gib Mason will speak on how to start your own business as well as how to financially manage your money once you start that business.
BUILDING YOUR BRAND
APRIL 16, 2014: 7:00PM-8:30PM, MEYERHOFF 030
Jay Nwatchu, Strategic Relationship Manager at
INROADS and the Founder/Chief Employability Officer at
RemainEmployable, will be speaking to students on how to market yourself as well as your brand to investors and other companies.
CBIC COMPETITION
APRIL 24, 2014: 7:00PM, BW TECH SOUTH
Some of UMBC's brightest entrepreneurs will be competing for their chance at funding and business mentorship as part of the Cangilosi Innovation Business Competition (CBIC). The panel is made up of some of Baltimore's most successful entrepreneurs and angel investors.
The finalists will be announced soon! They know who they are though, so feel free to ask if you know someone who submitted a business plan.
This event is being held in the
BW Tech South Building, just off campus.
ENTREPRENEURIAL SPEAKER: MELINDA WITTSTOCK
APRIL 30, 2014: NOON, UC 310
A venture capitalist once told Melinda she "didn't fit the pattern". She doesn't. She's not an engineer. She doesn't spend any time in her garage, and ramen? Too many carbs. Women have a hard time raising the capital they need to launch high-growth technology businesses and Melinda is going to talk about how women can reinvent the rules - sharing her most valuable lessons (most of them from failing). Success is all about being resilient, agile and non-stop learning. She'll tell you what not to do - as much as what to do!
]]>
We've been really happy with the usage of Entre-space in the past few weeks. It's exciting to come in and see other people using a space that was built just for us. After chatting with a...
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Sat, 05 Apr 2014 08:19:28 -0400
Entrespace Open for use!
Come one, come all entrepreneurial students to your new home
I know it has been a long time in the making, but we are happy to announce that Entrespace is now officially open and ready for use.
For those that don't know about Entrespace, it is a space for UMBC students interested in entrepreneurial learning, collaborating, and networking.
While the space isn't completely ready, in the heart of entrepreneurship, we are launching it a little early to see how we will use it and how best we can improve. Of course, there are a few rules for it's use:
Rules:
- EVERY PERSON MUST SCAN THEIR RED CARD TO ENTER
- We need to show that the space is being used, otherwise we could loose it. Please don't hold the door open for people.
- KEEP THE SPACE NEAT & CLEAN
- You don't need/want us to clean up after you. We're all responsible enough to pick up after ourselves.
- STAY ON TASKish
- We built this space to work on entrepreneurial projects. This space is meant for that use, and while no one has issue with people hanging out there, don't turn it into the RLC.
- If you see people being crazy, ask them to leave. I know this is easier said than done, and no one wants to be that guy/gal, but this space is being given to us for a specific use by the college. If it isn't being used for that reason, it can be taken away.
Ok, now onto the good stuff.
Where to find it?
In the old theater building, also called the Academic Services Building. Walk in the door closest to the Commons Garage, walk down the hall past the theater entrance and turn left. Walk all the way down the hall, through a door, and you will see it at the end. Room 139.
It's easier than it sounds.
When is it open?
Monday - Friday 8 am - 11 pm.
What to Expect in the future?
The official opening of the space will be within the next month and will be a huge grand opening celebration. The date hasn't been confirmed, we'll let you know when it is.
Throughout this semester, in addition to the Entrepreneurial Speaker Series, we will be hosting some local movers and shakers to provide our community with training in specific areas and topics. This is where you come in. Feel free to let us know if there is a topic that you are interested in learning about or if you have people that would be interested in speaking. Obviously we will need more than one person interested to make it worth while.
I know that some of the entrepreneurial teachers will be having their office hours in Entrespace throughout the semester as well. If you don't know them all yet, I'd encourage you to do so.
Questions, comments...do so below.
]]>
I know it has been a long time in the making, but we are happy to announce that Entrespace is now officially open and ready for use. For those that don't know about Entrespace, it is a space...
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Wed, 05 Feb 2014 12:42:18 -0500
$50,000 grant for St. Lois Based Entrepreneurs
Interested in starting a business in St. Louis, get funded
Arch Grants is a registered nonprofit organization with a mission to create an entrepreneurial culture and infrastructure to build successful companies in St. Louis, Missouri.
They fund start up businesses through non-dilutive, $50,000 cash grants in reciprocation for starting/growing their business in St. Louis.
Companies are selected to receive an Arch Grant through a Global Business Plan Competition, which recently opened and was featured in Bloomberg Businessweek and TechCrunch .
The deadline for applications is February 21, 2014
Winning companies will receive: $50,000 in equity-free cash Pro-bono accounting, legal, and marketing services Exceptional professional mentoring Introduction to key business leaders Access to venture capital and angel investment networks Opportunity for one of two additional $100,000 grants
Learn More / Apply Now If you have any questions or clarifications, please contact Ben at 314-305-0392 or at info@ArchGrants.org.
]]>
Arch Grants is a registered nonprofit organization with a mission to create an entrepreneurial culture and infrastructure to build successful companies in St. Louis, Missouri. They...
http://archgrants.org/competition/
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Fri, 10 Jan 2014 08:52:53 -0500
Shattuck Family Internship Program Deadline approaching
Entrepreneurship Innovation and Social Change Interns Needed
Do you have an interest in Becoming an Entrepreneur or Nonprofit Leader?
Are you ready to intern within a Start-up or Nonprofit/Social Venture this Spring?
If yes, apply to the Shattuck Family Internship Program for Entrepreneurship Innovation and Social Change.
*DEADLINE TO APPLY to Monday, December 6th*
The Shattuck Family Internship Program for Entrepreneurship Innovation and Social Change prepares UMBC students for the rigors and rewards of entrepreneurship and social innovation. This program places highly-motivated students from diverse backgrounds in mentored internships to better prepare them to launch start-up or nonprofit ventures. Students get training and experience to empower them to become the next generation of entrepreneurs or nonprofit leaders.
Internships last one semester (15 weeks) and students will work, on average, 8 to 10 hours per week. Students receive a stipend of $1,000 toward their compensation. In addition to the internship, students engage in projects and activities that further expose them to the social entrepreneurial mindset. Students will be placed in an internship based on their career interests and in consultation with the Career Services Center.
*Are you ready to intern within a Start-up this Spring? Obtain a PAID internship in a Start-up- Apply today- Details found at:
http://my.umbc.edu/groups/careers/news/38494
Are you ready to intern w/a Nonprofit or Social Venture? Do you have an interest in Becoming a Nonprofit Leader?- Details found at
http://my.umbc.edu/groups/careers/news/38495
]]>
Do you have an interest in Becoming an Entrepreneur or Nonprofit Leader? Are you ready to intern within a Start-up or Nonprofit/Social Venture this Spring? If yes, apply to the Shattuck Family...
http://www.shrivercenter.org/students/the-scholars-programs/the-shattuck-family-internship-program-for-entrepreneurship-innovation-and-social-change/
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Mon, 18 Nov 2013 16:26:12 -0500
Fall 2013 Idea Competition: Top 10 Finalists Announced!
The Top Ten ideas have been selected to be presented at the Idea
Competition on November 11th from 7:00 - 9:00pm in the Commons Sports
Zone. Click below to see who will be presenting. And plan on
attending to help select the winner!!
]]>
The Top Ten ideas have been selected to be presented at the Idea Competition on November 11th from 7:00 - 9:00pm in the Commons Sports Zone. Click below to see who will be presenting. And...
Document
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Mon, 28 Oct 2013 12:50:58 -0400
