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EDAC FY 2012 Annual Report

EDAC FY 2012 Annual Report

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Published by Omar S. Muhammad
A look at the activities that EDAC participated in for fiscal year 2012 (October 2, 2011 through September 30, 2012).
A look at the activities that EDAC participated in for fiscal year 2012 (October 2, 2011 through September 30, 2012).

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Published by: Omar S. Muhammad on Jan 07, 2013
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The Entrepreneurial Development & Assistance Center @ Morgan State University

EDAC

Annual Report
(October 1, 2011 - September 30, 2012)

FY 2012

Table of Contents

Impact 3

Youth 4

Community 6

Morgan Students 7

WOMEN 9

Institute for Contracts & Entrepreneurship 11

Alumni Support 12

Strategic Alliances 14

Media 16

Impact

MISSION
Connecting budding & existing entrepreneurs to resources for venture management & growth Morgan--students, staff, faculty, community individuals, students (in public schools), business owners and budding entrepreneurs receive services from EDAC via workshops, conferences, speaking engagements, radio workshops, print media and management advisory services.
October 1 - September 30

900 675 450 225 0 FY2010 MSU Students 8382 individuals Assisted 2004-2012 FY2011 Workshops 3 FY2012 Youth Outreach

Youth Outreach
EDAC continues to partner with a youth entrepreneurship organization to hosts a premiere youth-focused entrepreneurship conference that encourages youth to pursue entrepreneurship as a viable career option. It engages youth in the planning, innovation and execution of an entrepreneurial venture, leaving students intellectually charged and ready to propel their creative business ideas. Entrepreneurs Go 2 School (EG2S) is a traveling educational and workforce development tour that features an interactive address by a local entrepreneur. EDAC brings business owners to local schools to share their stories of success and their challenges in pursuing a career in entrepreneurship. Students participate in an interactive program that includes games, prizes, and resources to start their own business. Make It Happen Summer Business Academy, founded by Baltimore's own Kevin Liles, Founder and CEO of KWL Enterprises and one of the most respected executives in the entertainment industry, kicked off its inaugural season in Baltimore. The Make It Happen Foundation was started by Liles and his wife, Erika, to foster an environment for young people to realize their full potential. Students from Baltimore City and County public schools participated in the program. The students were tasked with creating a business plan based on some aspect of the media industry. After writing a business plan, the students presented their idea to a panel of judges. All of the teams received a cash prize.

Ayannah Jefferson
Senior Baltimore City College High School Make It Happen Foundation (MIHF) Summer Business Academy, participated 2011 and interned 2012
How did EDAC/MIHF Business Academy help you? The EDAC/MIHF Business Academy helped me mold my vision for my academic and career endeavors. The program showed me how to work with other people (my age) from the idea stage to the formation of a business plan. The EDAC/MIHF Business Academy taught me the importance of building a brand and the importance of maintaining a positive attitude. It also taught me that a lot can be done within a small amount of time and that time management can determine the progress or downfall of a task. Now I use my extra time to get work done rather than wasting it. The summer academy also allowed me to learn how to be comfortable with speaking in front of people. This is a powerful tool that I can use in my life. How can EDAC/MIHF Business Academy help you now or in the future? I am looking to attend Morgan State University in the near future. I would continue participating and volunteering at upcoming EDAC events. Please feel free to share any other information about your academics and career goals. The skills that I learned in the summer business academy has prepared me for any obstacle that I may face in life. I really appreciate the organizers and my mother for brining this opportunity/tool into my life.

4

Youth Entrepreneurship Conference Profile
Students:

388

Middle School: 68% High School: 32% Gender: 50/50 14 Baltimore City Schools 1 Baltimore County School 4 Youth Organizations

436
total

Careers Aspirations STEM Fields 35% Non STEM Fields 65%

Full Youth Entrepreneurship Conference Report can be found at http://www.scribd.com/doc/ 97673232/2012-YouthEntrepreneurship-Conference

5

Community
EDAC in the Community
• P a r t i c i p a t e d a s a s u p p o r t s p o n s o r f o r 2 0 11 ENTREPRENEUR EXPO: Harnessing the Power of Innovation in Maryland (http://www.innovatemd.com/) and The Global Business Network Association Annual Small Business Forum (Exhibitor) • Participated in the A Gathering of Angels – Black Capital and Urban Entrepreneurship in the 21st Century Innovation Economy, NJ; (Participant) • Meeting in Washington, DC with the Deputy Administrator of the United States Small Business Administration and her staff on helping other HBCUs create EDACs (Host) • H o s t e d V i r g i n i a U n i o n U n i v e r s i t y. Several representatives from the university were interested in learning how to create an entrepreneurial center. Myself, alumni, faculty, students, and business owners shared lessons learned. • • Spoke at the Delta Metropolitan Chapter on 7 Steps to starting a business Participated as a vendor during CONGRESSMAN ELIJAH E. CUMMINGS & THE MARYLAND BANKERS ASSOCIATION PRESENT Enhancing Relationships between Small Businesses and Financial Institutions • • • InSquared Conference (conducted workshop) Hosted An Entrepreneur "Town Hall" Event with Emerging Technology Centers Youth Entrepreneurship Conference included Morgan State University students, staff, alumni and outreach to schools in the community (Host) • • FREE two-part event! What is "Engagement Marketing"? - Plus 3 Keys to Success with Email + Social Why Women Cry Conference (Speaker)

Support from Morgan State University
Community based businesses received assistance from Morgan S t a t e U n i v e r s i t y ’s b u s i n e s s s t r a t e g y c l a s s l e a d b y D r. Christopher Mathis. The businesses all worked with the MBA students on a marketing challenge.

• Land of Kush, vegan restaurant • www.Baltimore-Alive.com, online directory for what to do, stay and eat in Baltimore • Diversitech, resource for minorities technology entrepreneurs • EYE for Change, nonprofit helping youth create an entrepreneurial mindset • The Avenue Bakery, local bakery on a historical avenue • GRT Restoration Company, sealant for floors, ceilings, and other surfaces • A.L. Dukes, Subway Franchise

6

Morgan Students
Technology Innovation Cup
The TIC is a business plan competition providing the opportunity for undergraduate and graduate students at Morgan State University to learn every aspect of starting a business. The goal of the TIC business plan competition is to help student entrepreneurs learn how to form a qualified team, write a competitive and realistic business plan, and present their ideas in a concise and clear format and, ultimately, bring the technology to life. The winners will receive cash prizes, legal help to incorporate their company and 6 month incubation space at ETC.

Students Meet Entrepreneurs
Since 2009, business school students from Dr. Christopher Mathis’ (school of business professor) class, aided local businesses by using theory in a real life setting. Other Activities • Speaking to MSU Freshmen Orientation students 3 keys to Email Marketing Speaking to MSU students Social Media Marketing Made Simple and Power of Email Marketing Speaking to MSU students during the Student Club Summit Internship Opportunities with EDAC Morgan students volunteered at the annual Youth Entrepreneurship Conference Students participated in the E Society Speaker Series One on One Counseling on business and business ideas

• • •

The Teams Morgan Techpreneurs (3rd Place) Technology specialist that deals with IT consulting, web and data services Excel Life (2nd Place) A research and development medical device company that investigates current rehabilitation and biomedical technologies and finds ways to improve them Baltimore-Alive.com (1st Place) Serves as a visual hub of information for visitors or residents of Baltimore looking for something to do, a restaurant or a hotel 7

• •

Workshops

Morgan Students

Internships

Volunteering

Charnelle L. Bacon
Born in Chester, PA raised in New Castle, DE Senior student at Morgan State University located in Baltimore, MD • • Primary Degree in Elementary Education (School of Education and Urban Studies) Secondary Degree in Print Journalism (School of Communication Studies)
Speaker Series where I was granted the opportunity to speak with Morgan State University’s Staff, Faulty, Colleagues, and surrounding Community about “How to Start a Business While in College”. Both my cliental and networks increased soon after this experience. How is EDAC helping you now? Mr. Omar Muhammad conducted a workshop titled: “Social Media” which offered mounds of strategic ways to enhance your business marketing online. The workshop assisted me in becoming more knowledgeable as it pertains to how to stay connected with customers through Social Media. In the current year, Mr. Muhammad will conduct training and consulting services for five businesses owned by youth entrepreneurs at Morgan State University. Diverse Image will benefit from these services and knowledge provided from the trainings.

Year(s) Participated Diverse Image was established in 2006 to encourage and empower cancer patients and those experiencing tough times through all forms of personalized artistic merchandise. Today Diverse Image is expanding into an artistic and scholastic empowering vessel to educate the Black community. Diverse Image participated in EDAC activities in 2011-2012. Services Received The 2012 W.O.M.E.N. Conference was an empowering event held by Entrepreneurial Development and Assistance Center (EDAC) that increased my networking opportunities with other inspiring entrepreneurs. The conference offered many resources that helped me academically, personally, and professionally. EDAC helped me... EDAC has helped heightened customers’ knowledge of Diverse Image. I was encouraged to participate in the E-Society

8

WOMEN

A $1,500 scholarship was awarded to Morgan State University Junior Hospitality Major, Joanne Felix

The annual W.O.M.E.N. Conference is designed to assist women in managing a competitive and profitable enterprise as a direct result of industry expertise, ideas for small business funding, access to strong peer networks, proven strategies for effective 9

marketing, work-life balance, and protecting your small business assets. The W.O.M.E.N. Conference represents success through a collaborative environment for aspiring and seasoned women entrepreneurs to thrive.

W . O . M . E . N .

C O N F E R E N C E

66 6 22 90
Young Ladies Others: seasoned women entrepreneurs, volunteers, speakers, exhibitors, sponsors
Full W.O.M.E.N. Report can be found at http://www.scribd.com/doc/ 112108219/WOMEN-2012-Final-Report

Young Ladies currently are operating a business

participants

Scholarships to date: $8,000

17-24
Age Range
10

Institute for Contracts & Entrepreneurship
Department of Defense Mentor Protege Program Since 1991, the Department of Defense (DoD) Mentor-Protégé Program (MPP) has offered substantial assistance to small disadvantaged businesses. Helping them to expand the overall base of their marketplace participation has produced more jobs and increased national income. The DoD Mentor-Protégé Program assists small businesses (protégés) to successfully compete for prime contract and subcontract awards by partnering with large companies (mentors) under individual, project-based agreements. EDAC develops opportunities for academia, industry and government to assist small businesses.

Nunn-Perry
The prestigious Nunn-Perry Award, named in honor of former Senator Sam Nunn and former Secretary of Defense William Perry, was first awarded in 1995 to recognize outstanding Mentor-Protégé teams formed under the auspices of the DoD Mentor-Protégé program. Mentor: IBM, Corporation (Bethesda, MD) Protégé: Foxhole Technology, Inc. (Fairfax, VA)

Mentors Proteges

Sample of Services Offered to

DoD Sponsor: National Geospatial-Intelligence Agency

Strategic Planning Capability Maturity Model Executive Management Training ISO 9000 Project Management Branding Strategies

Mentoring Assistance Provided By: The Entrepreneurial Development & Assistance Center at Morgan State University

DOD

Prime Federal Contractors

Small Businesses

HBCU/MI’s providing development services
11

Alumni Support
Company: BaltimoreAlive.com Owners: Kenan Shoulds, Shaunna Pickett Throughout the year, alumni participated in EDAC events by assisting students and giving back via resources and their time. Business was started: February 21, 2012 Attended Morgan State University  Kenan Shoulds graduated May, 2012  Shaunna Pickett graduated May, 2009 Services received from EDAC  By attending EDAC events, we were able to meet and network with many business owners and professionals. Alumni participated in the Entrepreneurial Society activities, the annual youth entrepreneurial conference, the summer  We also volunteered at the annual youth entrepreneurship conference.  We were able to compete in a business plan competition which we won 1st place, and received an office for 6 months in a local incubator (Emerging Technology Centers), and a $1,000.00 cash prize.  We received many sessions to sit and ask as many questions about strategy as it pertains to our business. EDAC is helping us now by sitting on the advisory board for our latest $4,000.00 grant which we would not have received without the relationship with Mr. Omar, and EDAC.

Youth Business Builders summer institute, on the radio workshop, and hosting activities to support youth entrepreneurs.

12

Testimonies
Baltimore-Alive.com ‫@‏‬Baltimore_Alive Had a GREAT time volunteering with @improveprogress at the 7th Annual Youth Entrepreneurship Conference #youthbizbuilders2012

Nicki Cola ‫@‏‬King_COLA There are a lot of women here who have started businesses or have aspirations to start one. Great ideas #WomenNext

I attended the WOMEN NEXT Conference on September 15, 2012 and the E Speakers Society on September 27. I enjoyed both events for inspiring and young entrepreneurs like myself. I won a Business Plan Pro software package for participating at one of the workshops which was really awesome. I look forward to becoming a successful entrepreneur with the assistance from Morgan State University and the Entrepreneurial Development & Assistance Center. Ashley Tate, Freshman at Morgan State University

I would like to applaud EDAC, Omar Muhammad, Kevin Liles and every person that played a part in making the "Make It Happen Foundation's Summer Leadership Academy" a complete success. I learned of the academy late and was extremely interested in having my daughter participate. From day 1, I never had to make Aleeah get up, never had to force out of the house she was completely engaged and ready to get to Morgan. She even said that she is interested in attending Morgan State after high school. Thank you so much for making these opportunities available for our youth and I wish you much success going forward! Adrienne Alexander, parent and Morgan Student

The Kae Monsanto ‫@‏‬KaeMonsanto “@King_COLA: Never took advantage of EDAC at Morgan while I was a student. Me and my partner @KaeMonsanto will now #womennext” no doubt!

13

Schools/Organizations
Working with EDAC throughout the year

ACCE Academy AFYA Public Charter School Baltimore City College Baltimore Islamic Charter School Baltimore Montessori Public Charter School Baltimore Polytechnic Institute Baltimore Urban Gardening Students (BUGS @ Living Classrooms) Bluford Drew Jamison STEM Academy Booker T. Washington Elementary/Middle School Carver High School City Neighbors Charter School Commodore John Rogers Elementary School Community College of Baltimore County Cristo Rey Jesuit High School Deep Creek Middle School Digital Harbor High School Dumbarton Middle School Eagle ENOC Friendship Academy G.W. Krieger Elementary School Glenmount Elementary/Middle Harferd Hill Elementary School Heritage High School Howard University

Job Corps John Hanson Middle School KIPP Ujima Village Academy Marrow High School Maryvale Preparatory ACE Academy Merganthaler Vocational Technical High School Milford Mill Academy Mt. Saint Joseph High School NACA Freedom Academy National Academy Foundation School Northeast Middle School Old Court Middle School Parkville High School Pine Grove Middle School Randallstown High School Reginald F. Lewis High School Rose Bruford College Samuel Colridge-Taylor She Counts St. Francis of Assisi School The Crossroads School The Green School of Baltimore The Stadium School Towson University University of MD, Baltimore County West PA KIPP Charter School Wisdom Book Center

14

FY 2012 Strategic Alliances
Organization Youth x Morgan Student x x x

Areas participated Media x x x x x x x x x x x x x
MSU Alum

Women Contracts & Business

A Plus Neighborhood Avenue Bakery Business Builders LLC Constant Contact Darker Than Blue Cafe Davis Paige Management Systems Diverse Image Diversitech Dr. Christopher Mathis, professor, MSU Dr. Evelyn Perry, Dir, Profess Dvlp Schools, MSU ECDC Enterprise Development Group Emerging Technology Centers Federal Reserve Bank Harvin Consulting Heal A Women Heal A Nation IBM IPY Agency Isaacs & Simmons, P.C. Joe Manns Awards Juxtopia, Inc. KeishaJReed.com KWL Enterprises (Make It Happen Foundation) Land of Kush M & T Bank MD of Housing and Community Development MD Procurement Technology Center MECU Mitchell’s Golf Course Neighborhood Liaison for the President of City Council No Bad Gift Papa Johns Pique Performance, Inc. Small Business Resource Center Subway Restaurant Sunny’s Restaurant T. Rowe Price Technology Council of Maryland The Branding Muse Torin Ellis Trye, Butler, Mayo, Griffith Law Firm Uplift, Inc. Virtual Link www.baltimore-alive.com

x

x x x

x

x

x x x x x x x x x x x x x x x x

x

x x x x x x

x

x x x

x x x x x x

x x x x x x x x x x x x x x x x x x x x x x x

x

x

x

x x

15

Media
EDAC uses various media outlets to reach & assist small businesses.

RADIO
Tune into Briefcase Radio Workshop on WEAA 88.9 f.m., Sundays at 9pm.

SOCIAL MEDIA
Like Us @ https://www.facebook.com/edaccampus www.facebook.com/EDACWOMEN Follow Omar S. Muhammad on Twitter @improveprogress to receive quick thoughts on helping entrepreneurs improve & progress.

EMAIL BLAST PRINT
You can find insightful articles on entrepreneurial growth each month in the Baltimore Business Journal. Weekly updates on activities and impact of EDAC reaching over 2,000 emails.

A monthly publication on tips and resources to further help entrepreneurs and those looking to be entrepreneurs.

NEWSLETTER

16

Goals FY 11 - FY 15
• • • • • • • • Achieve all Title III Objectives Develop entrepreneurship initiatives to assist veterans (MSU Goals 4 & 5) Expand the skill set of students, faculty and entrepreneurs in the federal government market space (MSU Goal 1, 4 and 5) Conduct research on entrepreneurship as a tool to assist entrepreneurs (MSU Goals 2, 4, 5) Develop business clinics within the community to further assist entrepreneurs (MSU Goals 1, 4, 5) Develop initiatives to support technology entrepreneurs of color (MSU Goals 1, 2, 4, 5) Develop a mentor tool to assist entrepreneurs (MSU Goals 1, 4, 5) Assist other universities in creating entrepreneurial centers (MSU Goals 1, 4, 5)
The Entrepreneurial Development & Assistance Center (EDAC) objectives are in line with Morgan State University’s Goals from its strategic plan. Visit http:// www.morgan.edu/Strategic_Plan.html to review Morgan State University’s Strategic Plan.

16

17

2013 Initiatives
Entrepreneurial Societies

Small businesses

online

18

Sounding Board Brad Redd, Metlife Gregory Reyes, Dyncorp Stanley Tucker, MMG Group Adrienne Alexander, IPY Agencies Casey Jenkins, Darker Than Blue Cafe Dr. Evelyn Perry, Morgan State University N. Scott Phillips, IBM Michael Davis, Davis Paige Management Systems

Staff Omar S. Muhammad, Director Yvette Racks, Administrative Assistant Justin Green, Intern Cameron Lee, Intern

Morgan State University Entrepreneurial Development & Assistance Center (EDAC) Earl G. Graves School of Business and Management 1700 E. Cold Spring Lane McMechen Building, Suite 102B Baltimore, MD 21251 443-885-3663 443-885-8345 fax www.edacmorgan.com

Funding for the Entrepreneurial Development & Assistance Center is made possible by a grant from the United States Department of Education, Title III Program

December 3, 2003

TEN

December 3, 2013

10 Years of Entrepreneurial Development & Assistance

What impact has EDAC had on you?

omar@edacmorgan.com

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