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New Center to Expand Entrepreneurship Opportunities

SQUARESPACE CREATES AND MAINTAINS WEBSITES that get millions of hits. Alertus makes and installs emergency alert systems for colleges, military bases and government buildings. Zymetis is on the cutting edge of the alternative energy field, producing biofuels from Chesapeake Bay plant waste.

All of these companies were founded by Maryland alumni and faculty, and the university hopes to launch 100 more such successful ventures in the next eight years through a new Center for Innovation and Entrepreneurship, or CIE.

The center, planned for development over the next four years with substantial private support, will bring together the A. James Clark School of Engineering and the Robert H. Smith School of Business to enhance the university’s ability to drive innovation, entrepreneurship and technology commercialization across the region.

“Who is going to be the new person that revolutionizes technology, that launches a name-brand firm like Google? I think that person is going to come out of the University of Maryland,” says Darryll Pines, dean of the Clark School.

The CIE will house the array of entrepreneurship activities in a central facility and serve as a bridge to the venture capital and larger entrepreneurship communities. Plans call for streamlining existing activities, creating new opportunities for undergraduate and graduate students and providing assistance to commercialize discoveries, inventions and business ideas.

The university is committed to infusing the spirit of entrepreneurship in students across the campus, and is doubling its annual investment in these programs, says G. “Anand” Anandalingam, dean of the Smith School. “We’re seeking the support of alumni and friends to share our vision of this institution as a major source of enterprise generation and economic development for the state and region.” —CR


A Passion for Growing Big Ideas

Warren Citrin wants budding entrepreneurs to turn to the A. James Clark School of Engineering for the technical education and mentorship to develop big-impact ideas like clean water technology or local power generation.

His recent gift of $560,000 to establish the Warren Citrin Graduate Fellowship program is just his latest effort to help young people in the school take on society’s biggest challenges. The fellowships, to be awarded for the first time this fall, will provide significant funding for graduate assistantships and other support to attract talented master’s and doctoral students with ideas for sustainable solutions. Individualized mentoring will help them to complete their degrees and launch businesses that boost Maryland’s economic development.

“Issues involving energy, clean water, land use, urban design and monitoring and protecting resource use are going to be solved by fundamental research,” says Citrin. “To the degree that we can get candidates here who focus on some aspect of these pressing problems, it will be very gratifying.”

Citrin, founder of software engineering firm Solypsis and media application company Gloto, is also supporting a new part-time employee to help the fellows create viable businesses. Maryland’s Mtech Venture Accelerator will provide business professionals to coach students on setting goals, raising capital and marketing.

 

Warren Citrin has a history of supporting Maryland students focused on developing innovative businesses with social impact. He sponsors pre-seed grants for undergraduate entrepreneurs as well as the social impact award presented each year at the university’s $75K Business Plan Competition.

“Issues involving energy, clean water, land use, urban design and monitoring and protecting resource use are going to be solved by fundamental research.”
—Warren Citrin
David Barbe, Mtech executive director and professor of electrical engineering, says the fellowships will also help keep top undergraduates in the state. Applicants must show a history of business involvement—whether through a childhood lemonade stand or a lucrative Web endeavor—and present a new business concept.

“This program will continue to put the Clark School on the map as a college of engineering that highly values the entrepreneurial spirit,” Barbe says. —KM

A Renaissance Man of Giving

Colonnade Society Marks 20 Years The Colonnade Society recognizes donors who make annual contributions of $1,000 or more. Membership reached 5,212 in 2010. For more information, visit www.YEARS colonnade.umd.edu.

Albert Folop ’69 plays music and instruments from the 1600s, but his support for budding young musicians at Maryland makes clear that he is focused on the future.

Folop, who for more than 30 years has made an annual gift to benefit Maryland students, is a charter member of the university’s Colonnade Society, now celebrating its 20th anniversary.

“This kind of consistent giving has enabled Maryland to now compete for the best students and faculty and is essential if the university’s ambitions goals for the future are to be realized,” says Colonnade Society Council Chair John H. Axley III.

Folop, who retired from a 27-year career in the Navy and 15 years as a computer programmer, says when he started giving, he kept it up every year, giving at the Colonnade level since 1982. “My education was paid for by the government and I felt I ought to give back to help other students.”

Today, Folop is doing his part to preserve Renaissance and Baroque music, playing the viola da gamba, recorder, krummhorn, rauschpfeife, cometto, lute and baroque flute and creating an online archive of some 3,000 viol music scores available for free download.

A member of the School of Music Board of Visitors, Folop frequently attends student performances. He even sits with nervous families to cheer students during the early stages of the annual concerto competition.

“College is there for the young people,” Folop says. “I’m supporting the School of Music in developing high-caliber students who are destined to become the professional artists of tomorrow as well as those who will keep music alive in local communities.” —CR


Band Plays Victory Tune in TerpsChoice

Photo by John T. Consoli

THINK SMALL GIFTS can’t make a difference? Ask the Mighty Sound of Maryland about that.

The three-month TerpsChoice initiative, which pooled together gifts of less than $250 and awarded all donations to one of five causes that garnered the most votes from donors, ended with the band marching to victory.

The Mighty Sound of Maryland inched out other worthy causes including Keep Me Maryland, the Veterans Initiative, the Solar Decathlon and Mtech’s Entrepreneurship Program. Though the band earned the collective gifts totaling more than $6,000, each of the other programs received $1,000 for participating.

The band, seeking to refurbish its uniforms, used its grassroots approach to drive donations and votes. Members tapped family and friends to support the cause and distributed a video showing the shabby condition of the uniforms, which resonated with many.

Brodie Remington, vice president for university relations, thanks the everyone who donated. “Your participation in TerpsChoice demonstrates your commitment to the worthy causes featured in this program, and shows your affinity for the University of Maryland,” he says. —BU


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