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UMD Terrapin Fund is a philanthropically supported investment fund from the University of Maryland, College Park, that provides capital to early-stage, pre-revenue or early-revenue UMD-affiliated startups with high growth potential. The fund supports UMD students, faculty, and alumni who have developed groundbreaking innovations capable of transforming industries.
The University of Maryland's entrepreneurial ecosystem is ranked among the nation's leading institutions for startup development. Specific award amounts are not published; eligibility is limited to startups with direct affiliation to the University of Maryland.
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Terrapin Fund | University of Maryland Innovation Gateway The Terrapin Fund, supported by philanthropic donations from alumni and community stakeholders, provides capital to early stage (pre-and-early revenue) UMD-affiliated startups with high growth potential seeking investment in the funding. The University of Maryland is a leading institution for entrepreneurship, which has developed a deep and vibrant entrepreneurial ecosystem.
UMD students, faculty and alumni regularly develop groundbreaking innovations that serve as the foundation for startups capable of transforming industries, improving lives and helping solve society’s most pressing problems. Notable companies founded by entrepreneurs with ties to UMD include: Under Armour, Google, Oculus, Epic Games, Squarespace, Axios, Beyond Meat, IonQ, and Cava.
Continuing in this tradition, the Terrapin Fund aims to provide early stage high growth potential UMD-affiliated startups with access to the resources required to accelerate business growth and scale impact. The Terrapin Fund has also partnered with existing organizations operating within the local entrepreneurial ecosystem to advance the Terrapin Fund’s mission and to increase the likelihood of successful outcomes.
The Terrapin Fund's mission is: To increase the number and likelihood of successful start-ups (e.g., growth, scale, exit) launched in the UMD ecosystem; To promote an entrepreneurial culture within the UMD ecosystem that benefits all key stakeholders (e.g., students, faculty and alumni); To contribute to the development of a robust greater Washington DC Metro area innovation and entrepreneurial ecosystem.
Additional goals of the Terrapin Fund's include: Address the lack of experienced business and entrepreneurial talent available to UMD-affiliated entrepreneurs by leveraging UMD’s alumni. Establish a formal talent network and database from which founders can tap into for mission critical hires.
Support existing and aspiring entrepreneurs by providing access to various experiential educational opportunities that will equip them with the requisite tools to succeed as founders or professionals in the modern workforce.
Increase the representation of students from underrepresented or unconnected communities in entrepreneurship and venture investing and better prepare individuals from these groups for careers in these two workforce segments and/or more traditional roles as professionals. Benefit the greater Washington, DC Metro area entrepreneurial ecosystem.
Terrapin Fund Operations Team Dean Chang, Chief Innovation Officer, University of Maryland, College Park Stan Smith , Managing Director, University of Maryland, College Park Sammy Popat , Donor Relations , University of Maryland, College Park Investment Executive Committee Bill Bentley - Robert E. Fischell Distinguished Chair & Inaugural Director of the Robert E.
Fischell Institute for Biomedical Devices Fischell Department of Bioengineering, University of Maryland Dean Chang - Chief Innovation Officer, University of Maryland, College Park Greg Oler - CFO, University of Maryland College Park Stan Smith - Managing Director, Discovery Fund & Terrapin Fund, University of Maryland College Park Nigel Long - Senior Managing Director, Trade Street Advisors ( non-voting ) Ken Ulman - Chief Strategic Officer for Economic Development, University of Maryland College Park Foundation ( non-voting ) University of Maryland College Park (UMCP) Venture Funds Stan Smith , Managing Director (Office of Innovation) Scott Christensen , Manager (Mtech) Anntoinette Barbour , Business Operations (Office of Innovation ) Sammy Popat , Donor Relations (Office of Innovation) Show your support for the Terrapin Fund.
Every dollar raised provides additional capital to invest in UMD-founded ventures. Find and invest in startups The Terrapin Fund is a philanthropic fund that invests in UMD-affiliated early stage startups. You can also invest in these startups by donating to the Terrapin Fund.
Identify/apply for funding & grants The Terrapin Fund is a philanthropic fund that invests in UMD-affiliated early stage startups. If your venture is an early stage startup and affiliated with UMD, your startup may be eligible to receive funding from the Terrapin Fund.
Based on current listing details, eligibility includes: University of Maryland students, faculty, and alumni with innovative business ideas. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Not specified Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
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The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.