StartupUMD Business Fundamentals Workshops

What: A series of hands-on workshops developed collaboratively by UM Ventures, Mtech, and Dingman Center for Entrepreneurship specifically for UMD faculty and graduate students to teach business concepts and skills, startup resources and how to take advantage of them, legal issues surrounding startups and many other practical know-how. Most workshops are offered two separate times during a week to allow for a more flexible schedule.

Place: unless noted otherwise, workshops are held at Startup UMD Diamondback Garage, 7878 Diamondback Drive, College Park, MD . Diamondback Garage is located in the back of The Hotel, an easy walk from many campus location. However if you decide to drive, please park in the surface lot behind The Hotel as parking is significantly cheaper than the hotel's garage. Faculty and staff with UMD parking permits may also park in Lot K2 behind the WeWork building (please check your permit to make sure that K2 is your overlfow lot).

 

Schedule:

JUNE

Quick Scaling Your Way to Entrepreneurship

You don't need a complicated business plan, pitch VCs, or rent fancy office space to become an entrepreneur. With today's online manufacturing, marketing, sales and distribution platforms it is fairly easy to quickly launch a lifestyle business that requires minimum investment or overhead, yet can generate a nice revenue stream. This platform can be scaled to a full time business. Learn how to use these e-commerce platforms and what kind of business ideas can be implemented. 

Presenter: Harry Geller, Entrepreneur in Residence 

When: June 25, 10-11 AM, REGISTER

 

Startup Guide for Faculty/Researchers at UMD

University of Maryland and the State of Maryland have an abundance of resources for UMD faculty and graduate students interested in translating their research into a startup company. Faculty members often can pursue their startup aspirations alongside their research activities, and in most cases don't need to quit their UMD employment. This workshop will provide an overview of the resources and programs, and a suggested path to navigate them in the most efficient way. The workshop is designed specifically for UMD faculty and graduate student startups based on university innovations. 

Presenter: Alla McCoy, Director, Startup Support

When: June 27, 10-11 AM, REGISTER

 

Business Lingo for Scientists

Does this sound like a foreign language to you: TAM, LTV, Burn Rate, Customer Churn, EBIDTA, margins, etc.? This workshop will help you understand basic business terminology to prepare you for your conversations with VCs, banks, and potential business partners.

Presenter: Alla McCoy, Director, Startup Support

When: June 27, 11 AM - 12 PM , REGISTER

 

JULY

I-Corps: Market Research through Customer Discovery

NSF I-Corps is an excellent program providing $50,000 to conduct hands-on market research to see if there is a market need for your potential startup. This is a powerful tool to help make decision whether or not you should invest in building your startup. University of Maryland offers Mini-I-Corps program to help you qualify for the NSF program, and assistance with application to the national program. This workshop will explain in detail what happens during the program, benefits, and how to apply. 

Presenter: Jolene Gurevich, Mtech Ventures 

WhenJuly 9, 3-4 PM, REGISTER

 

CEO, CTO, CFO, CMO...CxO: What Do These People Do at a Startup and When Does the Business Need Them?

Building a great startup team is critical to the success of your company as evidenced by the fact that most experienced investors say they invest in people and teams, not technologies. This workshop will help you understand what are the roles that these key positions play within a startup and how do they change and evolve as the business grows. 

Presenter: Doug Humphrey, Entrepreneur in Residence

When: July 11, 10-11 AM, REGISTER

 

How to Pitch: Telling Your Story

Experienced entrepreneur, angel investor, and business coach will talk about best way to present your startup or a business idea.

Presenter: Glen Hellman aka Mr. Cranky

When: July 15, 11 AM - 12 PM, REGISTER

 

Intellectual Property Fundamentals

Learn about different types of intellecutal property rights: copyright, patents, trademarks, trade secrets etc. What are they, how do you get them, why would need them, how expensive they are etc. 

Presenter: Felicia Metz, JD 

When: WILL BE RESCHEDULED TO FALL 

Business Research Databases at UMD: How and Where

Trying to figure out size of your market, competition, industry analysis can be a daunting task. University of Maryland Libraries offers free subscriptions to many databases on broad business topics, such as industry reports, company information, demographics and statistics, marketing, finance and investment and many others. Lily Griner, a long time Business Librarian, will teach how to access and use these resources. 

Presenter: Lily Griner, UMD Libraries

When: July 22, 10-11 AM REGISTER

 

Business Lingo for Scientists

Does this sound like a foreign language to you: TAM, LTV, Burn Rate, Customer Churn, EBIDTA, margins, etc.? This workshop will help you understand basic business terminology to prepare you for your conversations with VCs, banks, and potential business partners.

Presenter: Alla McCoy, Director, Startup Support

When: July 24, 3-4 PM REGISTER

 

Startup Guide for Faculty/Researchers at UMD

University of Maryland and the State of Maryland have an abundance of resources for UMD faculty and graduate students interested in translating their research into a startup company. Faculty members often can pursue their startup aspirations alongside their research activities, and in most cases don't need to quit their UMD employment. This workshop will provide an overview of the resources and programs, and a suggested path to navigate them in the most efficient way. The workshop is designed specifically for UMD faculty and graduate student startups based on university innovations. 

Presenter: Alla McCoy, Director, Startup Support

When: July 25, 3-4 PM, REGISTER

 

I-Corps: Market Research through Customer Discovery

NSF I-Corps is an excellent program providing $50,000 to conduct hands-on market research to see if there is a market need for your potential startup. This is a powerful tool to help make decision whether or not you should invest in building your startup. University of Maryland offers Mini-I-Corps program to help you qualify for the NSF program, and assistance with application to the national program. This workshop will explain in detail what happens during the program, benefits, and how to apply. 

Presenter: Satish Tamboli, Mtech Ventures 

WhenJuly 30, 12:30-1:30 PM, REGISTER

 

 

 

 

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