Wednesday, April 24, 2013

University of Maryland Business Model Challenge Finals: This Friday!!!

University of Maryland Business Model Challenge Finals

www.bmc.umd.edu

Date: April 26, 2013, 1 - 3:30 p.m.
Location: Room 1115, Computer Science Instructional Center, University of Maryland, College Park
Register to attend at: http://www.bpc.umd.edu/register.html

***It's down to the wire for 11 UMD student and faculty entrepreneur teams!***

UMD Business Model Challenge teams were challenged to complete a multi-week workshop to:
  • Assess the product/market fit for their technology;
  • Get out and talk to at least 25 potential customers; and
  • Refine their product and business model based upon the feedback they receive.
Six of those as-yet-unnamed finalist teams will present how they progressed and what they learned in the finals. Read more about the 11 invited teams below and don't miss the finals to find out who makes the most progress and wins the grand prize!

UMD faculty and student teams invited to complete the challenge included:

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Beginning/Intermediate Level Teams
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CellTrace: developing an automated data extraction software program designed for researchers in the life sciences.
Team: Deborah Hemingway, graduate student, biophysics; Frank Hemingway, graduate student, electrical and computer engineering; Joshua Juen, graduate student, University of Illinois - Urbana Champaign, electrical and computer engineering; and Kimberly Stroka, Johns-Hopkins University, post-doc, bioengineering.

Destinalo: developing an online booking platform dedicated exclusively to offering accommodations in environmentally friendly hotels.
Team: Cristina Huidobro, graduate student, urban planning.

MotionVibe: developing fitness lifestyle technology solutions that improve training, motivation, and communication between professionals and enthusiasts.
Team: Nick Gerontianos, student, digital innovation management studies.

Proteus: developing 3-D filament recycling solutions that allow users to convert waste plastic and plastic pellets into usable filament for 3-D printers.
Team (all mechanical engineering undergraduates): Ethan Nusbaum, J. Scott Wheeler, and Kelly Kempf.

UMDTutor2Go: developing an online system to provide students with private, online tutoring via Skype, live instant messaging chats and audio broadcasts, 24 hours a day, seven days a week.
Team: Chandra Smith, undergraduate student, psychology, human development, and technology entrepreneurship; Changudra Smith, undergraduate student, finance, marketing, and technology entrepreneurship.

Wheel Shields: developing a skateboarding accessory that solves "wheel bite" (a dangerous safety problem), keeps riders dry and allows riders to stand over their wheels.
Team: Chase Kaczmarek, undergraduate student, management and entrepreneurship.


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Advanced Level Teams
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Kitsune: developing a dynamic enterprise software-updating framework that eliminates downtime and keeps vital services accessible.
Team: Edward Smith, undergraduate student, computer science; Michael Hicks, Associate Professor, computer science; Jeffrey Foster, Associate Professor, computer science.

Maryland Energy and Sensor Technologies (MEST): developing a novel, solid-state cooling technology for air-conditioning, dehumidification, and refrigeration applications.
Team: Ichiro Takeuchi, Professor, materials science and engineering; Yiming Wu, Research Associate, materials science and engineering.

Secure Mobile Devices: developing a technology that strengthens the security of mobile devices by combining physical layer technologies with user biological traits and cyber technologies.
Team: John Baras, Professor, electrical and computer engineering and Institute for Systems Research; Vladimir Ivanov, Research Associate, Institute for Systems Research.

Tauros Engineering: developing a technology for the detection and monitoring of bridge scour.
Team: Alison Flatau, Professor, aerospace engineering, Associate Dean for Research, Clark School of Engineering; Tyler Flatau, undergraduate student, government and politics; and Adrian Ross, MBA candidate, Harvard Business School.

Vasoptic Medical: developing a medical device for the early diagnosis and management of diabetic retinopathy and other medical conditions.
Team: M. Jason Brooke, alumnus, University of Maryland and University of Maryland, Baltimore; Abhishek Rege, Ph.D., Johns Hopkins University.

The University of Maryland Business Model Challenge encourages UMD students, faculty and researchers to leverage their talent and ideas to create tomorrow's leading companies. The competition process, its network of expert mentors and partners and the cash prizes awarded have helped many UMD entrepreneurs act on their dreams and build their own companies.

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Event Speakers
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"Lean LaunchPad, Innovation Thinking, and the Academy for Innovation and Entrepreneurship"
Dean Chang, Associate Vice President for Innovation and Entrepreneurship, University of Maryland

Innovation and Entrepreneurship can mean a lot of different things. Two key aspects are the Lean LaunchPad and Innovation /Design Thinking. What are they and why are they important to UMD and AIE?

"What We Now Know About Startups--and How to Build Them."
Edmund Pendleton, Director, Citrin Fellows Program and Assistant Director, VentureAccelerator

Come learn how the world of entrepreneurship--specifically the building of high-growth, technology-based startups--has undergone a radical change in the past few years. The University of Maryland is one of a very select group of world-class universities recognized as a thought leader in this movement. If you care about startups, you cannot afford to miss this discussion. If you are building a startup, this presentation is a must.

Register to attend at: http://www.bpc.umd.edu/register.html

The University of Maryland Business Model Challenge encourages UMD students, faculty and researchers to leverage their talent and ideas to create tomorrow's leading companies. The competition process, its network of expert mentors and partners and the cash prizes awarded have helped many UMD entrepreneurs act on their dreams and build their own companies.

The UMD Business Model Challenge was founded and is managed by the Maryland Technology Enterprise Institute (Mtech).