Launching the Terp Startup Fellows THIS FALL , we decided to test a
hypothesis: If exceptional student founders in our Terp Startup accelerator continued to receive resources for the following academic year, would they achieve necessary milestones toward commercialization? Thanks to a generous donation from Bill Boyle ’81, chairman of the Center’s board of advisors, the Center reached a positive conclusion with a successful pilot of the Terp Startup Fellows program. The founders of Terp Startups memley and ENLY each received an additional $20,000 in non-dilutive funding, coaching and co-working space to work on their businesses for 10 hours a week in the Dingman Center.
“ Terp Startup Fellows was instrumental in taking our business to the next level. Having an office on campus and having access to nondilutive funding made it possible for us to grow our business even in this difficult environment. Thanks to the grant and support from the Dingman Center, we recently launched our first product, Enly SmartCharts, and we're getting ready to roll out our Does It Fit API.” —TOM SAVRANKSY
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Enly Enly (umbrella company “Savvy Tech”) is a fashion tech startup led by a Maryland Smith finance student Thomas Savransky '20 (CEO), and finance and information-systems double major Jonathan Schneider '20 (COO). Fashion customers using their app, Enly, submit a selfie and measurements to render a 3D avatar that can virtually try on clothes and determine fit. The founders hope that Enly will reduce clothing returns and encourage sustainability in fashion.
MILESTONES Attended New York Fashion Week to enhance brand awareness and network with industry connections. orged connections with F retailers and investors to help refine their business model. Completed development of their app and redesigned their website.
Founders Tom Savransky ’20 and Jonathan Schneider ’20
DINGMAN CENTER ANNUAL REPORT 2019-2020
Tom Savransky pitching at Pitch Dingman Competition Semifinals
