2022-2023 Crotty Center Annual Report

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L.WILLIAMCROTTYCENTERFOR ENTREPRENEURIALLEADERSHIP UniversityofDayton SchoolofBusiness 2022/2023 | Annual Report
CONTENTS ABOUT US LETTER FROM THE STAFF THE HUB POWERED BY PNC BANK GREATER WEST DAYTON INCUBATOR FLYER PITCH COMPETITION FLYER CONSULTING FLYER ENTERPRISES FLYER ANGELS ENTREPRENEURSHIP STUDIES IMPACT DIVERSITY STRATEGIC PLAN STITT SCHOLARS 04 06 08 10 14 16 18 29 31 33 34 35 PARTNERS 37

ABOUT US

At the University of Dayton (UD), innovating for the common good is part of our mission. We harness our community's entrepreneurial spirit to solve the world's most pressing problems. The L. William Crotty Center for Entrepreneurial Leadership provides a distinctive approach to entrepreneurship education. Through the multidisciplinary entrepreneurship major, students have the opportunity to start actual micro-businesses, gain exposure to rapid growth companies, and engage in regular contact with successful entrepreneurs. In alignment with UD's commitment to the common good, we pursue entrepreneurship for the common good.

Students learn to create profitable ventures, but more importantly, they learn how to leverage those skills to build community and create positive change. This is the hope and vision of the Crotty Center’s two major strategic initiatives - The Hub Powered by PNC Bank and The Greater West Dayton Incubator. Both of these initiatives position the Crotty Center to contribute as a catalyst in the startup ecosystem. Working side by side with Dayton's Entrepreneurs’ Center, the Crotty Center is helping to execute a collective approach in the creation of new resources for local entrepreneurs and social ventures while providing new experiential learning opportunities for UD students.

OUR TEAM

Whitney Barkley Ty Corbitt Stephanie Peters Director, Greater West Dayton Incubator Associate Director, Greater West Dayton Incubator Senior Administrative Assistant, Crotty Center Director, Crotty Center and Assistant Professor Associate Director, Crotty Center and Lecturer Associate Vice President, UD Entrepreneurial Initiatives, Executive Director, Crotty Center, and President, The Hub

A LETTER FROM THE TEAM

So much has happened in The Crotty Center in a very short period of time. Not more than two years ago the space we now call home at the historic Dayton Arcade sat empty. Today, it is once again a vibrant space, in large part, due to the University of Dayton and Dayton’s Entrepreneurs’ Center coming together to form the Arcade Innovation Hub, and become the anchor tenant in a historic redevelopment project. After starting with 14-member companies in March 2021, we now have more than 130 companies housed at The Hub, and every week over 550 students from the University of Dayton and Sinclair Community College take classes there.

It was not that long ago that the Greater West Dayton Incubator was just an idea that developed from conversations between West Dayton Community Leaders and University of Dayton Leadership. In late 2021 we celebrated the launch of the first (albeit temporary) location for the GWDI in West Dayton. Since then, through the GWDI, we have launched myriad programs, like our Urban Elevation Accelerator, The Power Hour, the Business Blitz and bi-weekly Business Clinic. These programs have impacted more than 200 unique entrepreneurs from our community. Whether it is helping an entrepreneur establish their LLC, develop their marketing and growth plans, or find capital to fund their ideas, The GWDI’s impact has been nothing less than remarkable. More than $75,000 in microloans to local entrepreneurs, over 2,000 supervised student consulting hours to local businesses, and with the help of our supporters at Fifth-Third Bank, more than $40,000 in grants to local startups. The GWDI team has certainly hit the ground running and they have not looked back.

The Hub Powered by PNC Bank and the GWDI have had tremendous impact on our community, and our students. With more than 1,000 students involved in Crotty Center Experiential programs from all over UD’s campus, representing myriad academic majors, the center has become a great example of cross campus collaboration. Programs like our Stitt Scholars program in partnership with the UD School of Engineering, where student interns, paid by the university, are working on real world projects for Hub members and GWDI clients, are a perfect example of UD’s commitment to cross disciplinary, experiential learning, and how UD’s School of Business Administration is helping to lead the way in that effort. Another great example is the recently announced minor in Technical Entrepreneurship being housed in our School of Engineering with support from our College of Arts and Sciences and School of Business Administration.

Whether it is through Flyer Enterprises, one of the largest student-run businesses in the country at $2.7 million annually, Flyer Consulting where more than 70 students work with non-profits and small businesses through business consulting and micro-lending, Flyer Angels, where UD students are managing a $1 million Angel investment portfolio, Flyer Pitch, our Stitt Scholars, The Hub powered by PNC Bank or the GWDI, it is clear that the L. William Crotty Center for Entrepreneurial Leadership has grown to be a significant student and community resource, and a valued partner in our regional entrepreneurial ecosystem.

Although the L. William Crotty Center is having significant impact on students from all over UD’s campus, and entrepreneurs in our region, we still aim to achieve more. It starts with the expansion of The Hub powered by PNC, just this month our 3rd Floor Rotunda expansion was completed, adding 46 new offices and a 100-seat classroom/event space. This expansion could increase the number of member companies in The Hub by almost 40%, and significantly increase student engagement. We also hope to increase our impact on community entrepreneurs through our efforts to find a permanent location for the Greater West Dayton Incubator. A move which will allow us to increase programming capacity aimed at West Dayton entrepreneurs and provide more student engagement opportunities. We will continue to strive to enhance and increase our experiential learning programs so that students from all across UD’s campus have an opportunity to explore their entrepreneurial dreams. We will do this by collaborating with our partners on campus and in the community, and we will continually strive to, in the words of our center’s founder, Bill Crotty, “be an incubator for the next generation of entrepreneurs.”

None of what has happened, or will happen, does so without help all of our supporters. From our key partners like PNC Bank, Dayton’s Entrepreneur’s Center and myriad others to all of our mentors, volunteers, judges and community entrepreneurs, everyone has an impact. On top of this we are very fortunate to have tremendous support from our Dean of the UD School of Business, Trevor Collier, our EVP of Business and Admin Services Andy Horner, our Provost, Paul Benson and President Eric Spina. This combination of campus and community resources is what has led to UD being named a top 50 school for undergraduate entrepreneurship for the 17th year in a row, and in the top 10 for schools with fewer than 10,000 undergraduate students for the first time this year. For all of this we are extremely grateful, the entire Crotty Center team, David, Kat, Ty, Whitney, Stephanie and I just want to thank all of you for supporting us in his effort as we continue to grow and develop as one of nation’s top entrepreneurship programs.

THE HUB POWERED BY PNC BANK

The Hub is a transformative environment that brings together a diverse community to foster creativity, growth, and entrepreneurship.

The Hub's Vision is to have a sustainable impact and inspire others to do the same.

THE HUB BOARD OF DIRECTORS

Andy Horner, Board Chair

UD's Business and Administrative Services

Trevor Collier

UD's School of Business Administration

Nancy McHugh

UD's Fitz Center for Leadership

Scott Koorndyk

Entrepreneurs' Center

Gul Kremer

UD's School of Engineering

Craig Jennings

Entrepreneurs' Center

Stacy Thompson Speare-Hardy Keybank Corp

HUB BENEFITS FOR OUR STUDENTS

The Hub is a quintessential transdisciplinary space that provides opportunities for networking, internships, and rich learning. We have no doubt it will continue to be a significant aspect of our students' education in entrepreneurship. It is a community-engaged, experiential learning platform like no other

STARTUP GROUNDS

Managed and Operated By Flyer Enterprises

The Greater West Dayton Incubator (GWDI) is an organization powered by the University of Dayton and the Entrepreneurs' Center that is designed to accelerate the growth and success of entrepreneurial ventures founded and operated by underrepresented entrepreneurs.

The Greater West Dayton Incubator, an initiative of the L William Crotty Center for Entrepreneurial Leadership expanded its operations, footprint, and impact in 2022-23, with significant achievements and milestones The growth of our programs and collaborations demonstrate and affirm the need to serve entrepreneurs in the Greater West Dayton area while leveraging the enthusiasm and talent of our UD students and faculty As we progress forward, we are excited to move closer to identifying our permanent location. One of the major highlights of the year was the successful acquisition of $1 8 million in state and federal funds to enable the establishment of this endeavor for the incubator. This substantial investment will provide the necessary resources and infrastructure to support budding entrepreneurs in the Greater West Dayton area, fostering economic growth and revitalization in the community

Another notable accomplishment was building stronger collaborations between the Greater West Dayton Incubator and student groups and faculty at the University of Dayton. By working together, they were able to offer a wide range of entrepreneurial services and educational opportunities to underrepresented entrepreneurs in the region These initiatives aim to bridge the gap and provide equal access to resources and support for aspiring business owners, empowering them to succeed and contribute to the local economy

Additionally, the GWDI provided over $100,000 in diluted and non-diluted funding, further bolstering the financial support available to entrepreneurs in the area, thus promoting innovation and fostering a thriving entrepreneurial ecosystem in Greater West Dayton. We are looking forward to what 2023-24 will bring We are excited to continue our mission and provide entrepreneurs and students with experiences that help elevate their growth.

2022-2023 INITIATIVES

Business Blitz

The Business Blitz is a three-week bootcamp that helps new and existing entrepreneurs learn how to legitimize, digitize, and capitalize in business. For the 2022-2023 year, we held two Business Blitz in September 2022 and February 2023 and served more than 50 unique business owners, with participation from Launch Dayton, SBDC, Urban League, City of Dayton, MBAC, and local entrepreneurs

GWDI Startup Fellowship

The Greater West Dayton Incubator Fellowship is a 12-month initiative designed to help underrepresented entrepreneurs access space and education through the Urban Elevation Accelerator at The Hub Powered by PNC Bank For 2022-2023 We have 10 fellows represented from a variety of businesses and industries. You can learn more about them here: https://www thegwdi com/gwdi-fellows-cohort

Urban Elevation Accelerator

The Urban Elevation Accelerator (UEA) is modeled after the Urban Poverty and Business Initiative (UPBI) at the University of Notre Dame. This 11-month accelerator includes a six week boot camp called the Elevation Academy, six months of mentorship, and a connection to student consultants for business projects. This program served 24 entrepreneurs throughout the year On average entrepreneurs completed 50 out of 80 steps outlined to creating a sustainable business. We provided more than $40,000 in microgrants to businesses with a generous donation from Fifth-Third Bank

Cultural Capital Microlending Program

The GWDI is a partner of the Cultural Capital Microlending Program with Flyer Consulting and Citywide Development. Through this program, underrepresented and under-resourced entrepreneurs apply for loan funding that go towards working capital, equipment, marketing, etc. at a low interest rate. In the 2022-2023 year, we provided $24,500 to businesses in childcare, tutoring, non-emergency transportation, and the food industry

Power Hour: Strong is We

The Power Hour is a support group for underrepresented entrepreneurs and highlights special topics such as mental health, generational wealth, education, and professionalism. Participants dialogue in an open roundtable to discuss topics that strengthen their mental fortitude for being an entrepreneur and leader in the community.

Discover Entrepreneurship Program

The Discover Entrepreneurship program is a two week immersive and interactive experience for Dayton Public School and DECA students to build their professional skills and learn to apply essential business practices to design their own business plans and pitch their business idea in a final pitch competition Our curriculum helps students identify viable business opportunities and explores how such opportunities are transformed into new ventures. Emphasis is placed on how entrepreneurial ventures successfully compete for financial resources, identify and reach their target market, and establish business processes and systems Students have an opportunity to receive college credit and scholarships at the program's pitch competition finale.

DAYTON INCUBATOR HIGHLIGHTS & ACHIEVEMENTS 2022-2023

Received $1 8 million dollars from federal and state government to begin the build out for the permanent location

Established survey and Task Force to identify preferred West Dayton neighborhood for the permanent location from community members.

On-boarded three Business Associates to GWDI staff to support marketing, data collection, and operations

Provided more than 2000 supervised student consulting hours to underrepresented businesses

Engaged with Flyer Consulting, the STITT Scholars program, and the Entrepreneurship Capstone course to engage GWDI clients in the Urban Elevation Accelerator.

Worked with six minority-owned suppliers to execute events and programs for the GWDI.

Facilitated nearly $300,000 in contracts for local Black-owned businesses at The Hub Powered by PNC and Dayton Arcade

Developed Business Clinics, which are bi-weekly engagements that allow entrepreneurs to work 1:1 with an advisor We have served 50 amount of businesses thus far

GWDI participated in 75 external events in our entrepreneurial ecosystem and community.

Kicked off mobile office hours to further reach of GWDI in underserved areas through area resource providers including Easter Seals and Montgomery County.

The GWDI hosted three events to promote Gem City Black Business Month, a collaboration among local resource providers and entrepreneurs

Event registration totaled to more than 200 registered; approximately 130 people attended all three events Events included Rooftop Social (See recap below), Gem City Capital & Resource Fair, and the Power Hour

Channel 2 highlighted Resource Fair as a segment on television

Overall Feedback Survey results were positive from resource providers and participants; several suggestions were provided to improve next year ’ s event.

GREATER WEST

Director, GWDI

Associate Director, GWDI

Community Development Banker

GREATER WEST DAYTON INCUBATOR ADVISORY COUNCIL 2022-2023

Whitney Barkley

Tywan Corbitt

Stacy M Thompson Speare-Hardy

*Advisory Council Chair

Dayton Chamber of Commerce

Leidos Innovation Center

Equitable Entrepreneurship Ecosystem-Builder

Greater West Dayton Entrepreneur

Greater West Dayton Entrepreneur

Greater West Dayton Entrepreneur

Greater West Dayton Entrepreneur

Montgomery County Business Services

Entrepreneurs' Center

Entrepreneurs' Center

UD AVP Real Estate Management

UD's Crotty Center

UD's Crotty Center

UD's Procurement and Payable Services

Flyer Consulting President

FC Local Microlending Team Lead

Flyer Enterprises President

Belinda Mathews Stenson

Scott Murphy

LeKeisha Grant

Cherrelle Gardner

Christina Mendez

Clarece Richardson

Deirreon Durant

Marvene Mitchell Cook

Scott Koorndyk

Kim Frazier

Brian Heitkamp

Vincent C Lewis

Kat Cordier

Sara Harrison

Amanda Bush

Brock Swind

Macy Buck

DIVERSITY STRATEGIC PLAN

In spring 2020, the University of Dayton launched The Flyers' Plan for Community Excellence driven by our Catholic and Marianist mission and aligned with the University's commitment to be a University for the Common Good. To achieve inclusive excellence throughout the University, each unit and department was charged with developing a diversity strategic plan specific for their area.

In the Crotty Center, we strongly believe the entrepreneurial process can be leveraged for the common good. Creating opportunities for all entrepreneurs to start, grow, and sustain their ventures is key. We strive to create a space where students and community entrepreneurs feel empowered to be their whole selves. We are contuniing our efforts to use our resources to mitigate practices and systems that have intentionally and unintentionally harmed historically marginalized entrepreneurs. In partnership with our local partners, we are working to create a more equitable, diverse, and inclusive startup ecosystem.

In alignment with UD's Common Good, we have been working toward achieving the goals below. In addition to our goals we have provided initiatives to meet the goals.

01

The GWDI and Flyer Consulting team have supported the Cultural Capital Microloan Program for underserved and under-resourced entrepreneurs and small businesses in Greater West Dayton

The Capstone class has provided consulting support to locally owned businesses in market research, feasibility testing, and other various analysis

Create and sustain a welcoming, safe, and inclusive environment for all students to fully engage in Crotty Center academic programs and sponsored student experiential learning opportunities to develop entreprenuerial skills. 02

Advance the University's institutional learning goal of diversity by exposing all entrepreneurship students to the values of diversity, equity, and inclusionand its relevance to the field of entrepreneurship.

Flyer Consulting and Flyer Enterprise participate in Cultural Competency trainings for their team to learn best practices with working with diverse teams, clients, and suppliers

The Sophomore ENT classes are exposed to local and diverse entrepreneurs during their class time and the Entrepreneurs At The Table breakfasts They also selected a minority owned nonprofit founder to provide a 20% of their profits to help the venture grow

03

All faculty and staff engaging with the Crotty Center, as well as the physical Crotty Center spaces, provide an inclusive environment for discussion of personal and academic topics related to race, ethnicity, gender, gender identity, religion, sexual orientation, socioeconomic status, disability/ability, nationality, and other areas of diversity.

The Hub encourages and serves diverse representation of businesses and members in our space and have created a fellowship for minority owned businesses in need of office space.

Flyer Consulting and Flyer Enterprises have developed strategic plans and progressive metrics with the Multi-Ethnic Education and Engagement Center to create and sustain an inclusive organizational climate

04

Dayton entrepreneurs, businesses, and organization have equitable access to Crotty Center resources, programs, events, and services.

The GWDI has launched several programs to educate and create equitable access for the West Dayton community such as the Business Blitz, Power Hours, the Urban Elevation Accelerator Program, and Discover Entrepreneurship Summer Program.

The Crotty Center and GWDI have build partnerships around the Dayton Entrepreneurship ecosystem and City of Dayton such as Parallax, Launch Dayton, Chamber of Commerce, and the Downtown Dayton Partnership

51.2% of the Hub memberships are made up of Minority Owned, Women Owned and Veteran Owned entrepreneurs

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ENTREPRENEURSHIP STUDIES

Sophomore ENT Experience

The Micro-Company Course, or Sophomore Experience, is a course where students launch, operate and exit a micro-company over the academic year. We start the year with each student presenting their ideas to the class in a sixty-second elevator pitch The classes evaluate the concepts and choose the ones they would like to pursue The person that pitched the idea becomes the team founder. We then host a recruiting day in class, where students network and recruit in the class to formulate their team

Once their team is together, the Crotty Center provides $5,000 in startup capital, and the businesses move toward launch. At the end of the academic year, the companies repay their loans, and divide the profits between a local charity, an experiential learning program for UD students, and divide the remaining profit among their team Of this year ’ s nine teams, seven were profitable These teams generated more than $44,000 in revenue, over $8,000 in profit, and donated $3,400 to charity Products ranged from a thrift store to cooler stands to UD themed outdoor games. This year ’ s teams leveraged their own creativity, connections, and marketing strategies to race to success.

Although managing their startup is the primary focus of students in the Micro-Company Course, we layer in lessons in entrepreneurship

Throughout the year, students learn fundamental pieces of creating a business They formulate business plans, discuss marketing research and strategies, identify opportunities, and apply the entrepreneurial mindset We accomplish this through engaging discussions, panelists of various topics and industries, attending workshops in Dayton’s entrepreneurial ecosystem.

One of the highlights of the program are the Entrepreneurs-At-TheTable (EATT) events The event brings entrepreneurs together with our students four times per year to discuss the entrepreneurs’ journeys More than 60 local entrepreneurs met with students over the course of the year to discuss business ethics, the necessity of taking risks, current challenges and raising capital

The Micro-Company Course continues to be one of the most memorable and challenging of a UD Entrepreneurship student’s classroom experience The course, which features many lessons in entrepreneurship and connections to successful entrepreneurs, is a hallmark feature of UD’s Entrepreneurship program.

FLYROBES
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gUD Games UD Bobbleheads
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gUD Cups Fly High Apparel

ENTREPRENEURSHIP STUDIES

ENT Capstone

The Capstone Seminar in Entrepreneurship is the culminating curricular experience for UD Entrepreneurship students. The course involves a semester-long consulting assignment with a local startup venture or social enterprise.

Students collaborate with their client and their assigned mentor to develop project objectives and a Letter of Engagement. Leveraging market research through customer surveys, focus groups, and one-on-one conversations, the students develop actions the client can implement to achieve their objectives. Students present the recommendations with estimated implementation costs and timelines Student teams can put in more than 200 supervised consulting hours during the semester, and the projects are all done pro-bono for the clients

This past year we worked with 9 diverse clients in our Capstone Course with a wide range of project types These projects have included business plan development, brand development, business strategy, social media planning, and expansion opportunities The clients include an array of for-profit and mission-based ventures ranging from brick and mortar retail to mobile services to non-profits. All in all, our 9 capstone teams, along with their mentors, delivered more than 2,040 consulting hours to clients at no charge.

Special thanks to our clients and our mentors Without each of them, the Capstone Seminar would not be possible.

2022-2023 ENT Capstone

Fail Me Not Tutoring Haya Healing Calabro Properties Signature Education Resources Turtle Up Kindred DOIT Good Times on Wheels Global Love
Mentors
Dawn Brown
Aaron Delidow
Betsy Westhafer
GoodTimesOnWheels,LLC .
Vince Lewis

FLYE COMPETITION PITCH

This past year, the annual Flyer Pitch Competition launched three tracks (Tech, Main Street, and Nonprofit) to support every type of startup. Put on in partnership with the Entrepreneurs’ Center and Greater West Dayton Incubator, this year's competition awarded $163,000 in cash prizes and support services

Tripling the amount of in-kind prizes, we had 14 sponsors provide packaged to assist the teams with marketing, accounting, and grant services Some of the sponsors included Bandila Studios, Enterprise Roofing, Propel Dayton, and others The competition's legacy includes more than 95 new ventures that have completed the experience and have collectively raised over $24 million in follow-up capital This year we had 100 submissions We had 24 teams compete in the cameo round and 13 teams in the live final round held at The Hub in three spaces.

The competition provides participants with the opportunity to enhance their entrepreneurial skills and strengthen their ventures through training, mentorship, and feedback from expert mentors and judges. Between each round, workshops were provided to help teams prepare for the final 30-minute live pitch but the competition ultimately provides entrepreneurs with the hands-on support to successfully launch their new venture Marketing, business canvas, business plan, and financial projection workshops were provided.

Corinne Brion, founder of Turtle Up, shared "One of the highlights of my 20222023 year was my participation in the Flyer Pitch Competition The competition is what propelled my social venture to a new stage. I, as an entrepreneur, matured and my non-profit organization, Turtle Up, went from just being an idea (a very vague and grand idea) to being a reality. I walked away with a solid plan on how to execute my ideas and implement what I had learned from my peers and mentors."

Further, eleven out of the thirteen finalist teams were minority-owned firms, 49% of total submissions were minority-owned, and 32% of total competition submissions were Dayton community members

2023
2022

Next year, we plan to continue hosting three tracks, increase the cash awards, and host a student pitch competition to increase student engagement. We will be utilizing the Upper Deck's new third floor lecture hall space and supporting up to five finalists in final round.

Interested ventures can expect the 2023-2024 application to be open in September and the first elevator pitch round to be in early November

FLYER PITCH TESTIMONIAL

"The entire Flyer Pitch experience really catapulted Unlisted over the last six month. As the pitch competition was building, so too was the business. We were able to advance our thinking about the company thanks to the thoughtful design of the Flyer Pitch programming combined with incredible guidance and coaching throughout. Further, we were also able to execute effectively by having gates and targets along the way. It's unmistakable that the Crotty Center team, together with the Flyer Pitch sponsors and supporters, truly understand the entrepreneurial experience and are invested in our success. There are not enough words for the gratitude I feel for the Flyer Pitch opportunity. "

ESP/Tech Venture Track

The ESP Venture Track is open to startups and businesses that are scalable and have high growth potential. These businesses contain a service or product that is technology-focused, tech-enabled, or manufacturing-focused and has the ability to disrupt, diversify, and/or add value to a current or expanding market.

Startup Track Finalists

UNLISTED

Founder: Katie Hill

UNLISTED has presented a new opportunity to start conversations about property plans among neighbors, allowing homeowners, homebuyers and real estate agents to tap into the property market before a house is officially “for sale”.

Founder and CEO Katie Hill has a record for success with startups as a Flyer Pitch winner in 2010 with the company CommuterAds, and advisor and entrepreneurin-residence for 2022 startup winner, Lunnie.

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CJD Innovations ltd.

Founder: Chris Danis

CJD designs and develops innovative products for a wide range of consumer needs. CJD Innovation’s flagship product Wet Wipe Wizard, is a US patented device which automatically dispenses wet wipes.

WakEdrive

Founder: Caleb Dunn

WakeEdrive offers a complete motor, battery, control, and integration solution to boat manufacturers and aftermarket modification for existing boat owners.

iSquared Learning Solutions

Founders: Luther Palmer d

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suture medical utures with the moses.

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Main Street Venture Track

Main street businesses can include brick-and-mortar, vendor-based or ecommerce businesses. By nature, these businesses are operated locally and are typically small firms; however, they can also have the potential to scale in size and location based on the goals of the owner.

Main Street Venture Track Finalists

Care Task LLC

Founder: Tastee Smith

Care Task serves seniors with NEMT and home services in three surrounding counties with non-medical emergency transportation.

Empowering to Elevate

Founder: Zachary Logan

Empowering to Elevate is an organization based around providing educational facilities with the tools needed to tackle mental health challenges from within

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Haya Healing

Founder: Taylor Johnson

Haya Healing was created to help community members and professionals heal and elevate the mind, body, and spirit utilizing a natural and holistic approach in healthcare.

$5,500 IN CASH

Taste T Love Baby Foods

Founder: Kourtney Terry

Taste T Love Baby Foods is a provider of healthier, fresh baby food options to mothers who might want to make their own without the time, patience of know-how.

$500 IN MARKETING AND WEBSITE SERVICES

Nonprofit Venture Track

The nonprofit track is for 501c3 organizations currently serving or planning to expand to the Greater Dayton area. The Nonprofit must be a qualifying charitable organization.

Nonprofit Venture Track Finalists

Blooming Circle

Founder: Nicole Carter

The Blooming Circle is a digital health and wellness advocacy education and navigation system.

The Well for Wellness Founder: Kelsie Beitel

The Well for Wellness is a wellness center in Kettering, Ohio specializing in whole-person nutrition and care for women, babies and young children. $

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Youth House Founder: Thomas Scroggins

Youth House is a youth development space that partners with community organizations to provide quality educational and after-school programming

$2,400 IN CASH, $1,200 IN ACCOUNTING AND QUICKBOOKS SERVICES, $800 IN GRANT SERVICES, AND $500 IN CONSULTING SERVICES

Turtle Up Founder: Corinne Brion

Turtle Up is aimed to develop ecotourism to provide resources to support increasing awareness for sea turtles and generating revenues to fund conservation

s.

ESP/Tech Venture Track Semi Finalists

UNLISTED

CJD Innovations

WakEdrive

Saga Surgical Solutions

iSquared Learning Solutions

AXE.AI

WeQuip SPEED

Main Street Venture Track Semi Finalists

Care Task LLC

Empowering to Elevate

Haya Healing

Taste T Love

Baby Foods

Harlem Healers

Renee's Catering

Chef's Kitchen

Be Kind DaILY Clothing

Traveling Pendants

Nonprofit Venture Track Semi Finalists

Blooming Circle

The Well for Wellness

Youth House

Turtle Up

Library for Africa Inc.

Extraordinary Men Mentorship Group

Sophia Learning Center

Caring Cafe

ESP/Tech Venture

Track Judges & Mentors

Judges:

Aaron Delidow, Provest Inc.

Jordan Roe, The EC

Troy Lindo, PNC Bank

Becky Blust, UD School of Engineering

Scott Murphy, Leidos Innovation Center

Alexandra Anh Chu, Stitt Scholars Student

Mentors:

Mike McQuiston, The Connor Group (UNLISTED)

Patricia Kukulka, Slone Gear (WakEdrive)

Jordan Roe, The EC (iSquared Learning Solutions)

Andy Cothrel, Blue Marble Medical (Saga Surgical Solutions)

Sibu Janardhana, The EC (CJD Innovations)

Main Street Venture Track Judges & Mentors

Judges:

Bernard Dalichau, Lavender Home Care Solutions and THEIA

Kim Woodbury, Small Business Development Center

Dwight Dewberry, PNC Bank

Joshua White, UD School of Business

LeKeisha Grant, The EC

Gabby Rullo, UD Flyer Enterprise Student

Mentors:

Reginald Henderson, Parallax (Care Task LLC)

Lindsey Deck, Space 3 (Haya Healing)

Brian LaDuca, UD's IACT Department (Empowering to Elevate)

Dabria Rice, Divine Catering (Taste T Love

Baby Foods

Nonprofit Venture Track Judges & Mentors

Judges:

Peter Benkendorf, The Collaboratory

Shannon Isom, Community Shelter Board

Alex Abell, PNC Bank

Dan Tuss, UD Advancement

Cherrelle Gardner, Westside Makerspace and Co-op Dayton

Eric Fisk, Liza Drought, and Molly Stillwagon, Flyer Consulting Students

Mentors:

Nicole Dalichau, TiER1 Performance (The Well for Wellness)

Lela Klein, Co-op Dayton (Turtle Up)

Sarah Kallile, Lunnie (The Blooming Circle)

Ty Corbitt, The GWDI (Youth House)

Housed within the Crotty Center at the University of Dayton, Flyer Consulting is a student-run organization which provides pro bono consulting services to non-profit organizations and small businesses while promoting economic growth locally and internationally through two microlending pipelines. Over the past year, Flyer Consulting has seen significant growth in the schools and majors hired consultants from, demand from clients in the community, and development of internal initiatives and goals.

In the Fall of 2022, Flyer Consulting had the opportunity to work with 6 different organizations, 5 of which were nonprofit organizations and 1 small business. The small business client was Harlem Healers, and the 5 nonprofit organizations included You Matter 2, Dayton Hispanic Chamber, The United States Small Business Administration, League Bound Prevention Institute, and Vandalia Youth Threatre In the Spring of 2023, the team worked with 7 different organizations which included 3 nonprofit organizations and 4 small businesses The small businesses clients included Sweet Lala’s Bakery, Chipmunk Chronicles, Hall Hunger Initiative, and Harlem Healers The nonprofit clients included Seven Seed Sowers, CityHeart, and CRIS.

While working with 13 different organizations over the past year, Flyer Consulting had the opportunity to expand solutions portfolio and work with different software ranging from Wix to Zoho Books. Powered by the hard work of all consultants, all of which possess a variety of skills and ideas, Flyer Consulting was able to create a meaningful impact within the Dayton community and beyond. Additionally, since the launch of the small business consulting program in Spring 2021, Flyer Consulting has seen immense growth in both the number of clients served, as well as the different solutions that have been able to implement, such as the completion of pricing analysis and the implementation of Zoho Books.

Microlending is the second vertical of Flyer Consulting, which is comprised of a Local and International Program. The Local Microlending team is partnered with the Greater West Dayton Incubator and CityWide Development to provide capital and specialized services for businesses with a focus on championing the dignity of historically underresourced, underrepresented, and marginalized business owners and entrepreneurs for the common good through the Cultural Capital Microlending Program The International Microlending Team is partnered with the IMANI Marinists and working towards a goal of raising the impoverished to high placed by financing the fruitful young businesses of Nairobi, Kenya.

Over the past year, the Cultural Capital Microlending Program has loaned $24,500 to 5 local businesses. The International Team has loaned a total of $3,735 over the past year as well Since the launch of the International Team in 2019, Flyer Consulting has helped create over 60 new jobs in Nairobi.

In addition to consulting clients and microlending programs, Flyer Consulting achieved several internal initiatives. Since the launch of the initial Diversity, Equity, and Inclusion goals and strategic plan in 2020, Flyer Consulting has been committed to achieving these goals and tracking metrics outlined in the plan as well as determining additional areas of opportunity for the organization. With that, one notable change made is the language adjustment from ‘DEI’ to ‘EID’ to better reflect the mindset that in order for diversity to occur there must first be equity which leads to inclusion – and equity and inclusion together leads to diversity. The Equity, Inclusion, and Diversity Committee had the opportunity to meet with individuals from the Human Rights Center, the Office of Diversity of Inclusion as well as the Multi-Ethnic Education and Engagement Center to further develop strategic plan and goals.

In December 2022, Flyer Consulting launched a new website! This website development involved a transition to Wix, providing more advanced capabilities. In addition to the revamped look of the website, the team now has the ability to better develop the client and community outreach process through the assistance of the new customer relationship management software built into the platform The team is grateful to donors who made the transition possible and are looking forward to the continued development of the website

Finally, Flyer Consulting is extremely excited to announce that over the past year, the team has been working alongside the School of Business Administration to obtain a location within the SBA Starting in Fall 2023, Flyer Consulting will be housed in Anderson Hall Room 135! Our team is very excited to have a brand-new space to hold various team meetings, intern training sessions, mini course classes, and most importantly, make memories and connections within the organization

The 2022-2023 school year was full of growth, memories, learning, and development and Flyer Consulting cannot wait to see what next year brings!

flyerconsulting.com

Flyer Enterprises is one of the largest student-run businesses in the country, ranking 5th nationally. Flyer Enterprises is a part of the Crotty Center, and was established in 2001, when a group of innovative UD students made history, putting the plans into place for a student-run business on campus Since then, FE has experienced tremendous growth, introduced and discontinued divisions, and adapted to changing campus needs, all while providing an unmatched learning opportunity for students Flyer Enterprises has gained a name for itself among students, faculty, alumni, and other student-run businesses across the nation. FE prides itself on cultivating a unique customer service experience, bringing to life their motto, “For Flyers, By Flyers.” All the way from Sales Associate to CEO, the 240 student employees are part of the FE community and have the ability to make an impact at their divisions and beyond.

This past year, quite a bit has been accomplished within Flyer Enterprises as a whole To begin, Flyer Enterprises has had another revenue setting goal, surpassing 2.7 million dollars.This revenue stream is split between our 13 fully operating divisions, a few that have recently taken off, in hopes of reaching their full potential To begin, this year the employees of Flyer Enterprises had a successful basketball season, when fully staffing and working all outlets of The Flight Deck, an area for individuals to gather, eat dinner, and socialize at the UD arena Here, FE employees get to have an external opportunity to gain experience whether they manage all events at this space, or just work a game or two. Additionally, another division of Flyer Enterprises, Rudy’s Runway, reached a revenue increase of over 100% from the previous year This merchandising division of FE saw a great increase in sales, due to the increased presence on campus, including a rack in the UD bookstore. This was very exciting for the company, as this has been a division of concern in the past Furthermore, two divisions were recently acquired, Brown Street Bistro located in Fitz Hall, along with Startup Grounds, located at the Hub These two divisions have seen great improvements in sales, when creating new menus, new branding, and establishing new management positions at each. All divisions of Flyer Enterprises have seen great improvements over this past year, with the help of an incredible executive team, management team, and sales associates as well.

To continue the growth of Flyer Enterprises, a few other changes have been made to the company overall. To begin, the Diversity, Equity, and Inclusion plan is fully integrated into the corporation, with hopes of seeing tremendous growth in the near future Thus far, a new hiring practice has been implemented in hopes of creating a more fair and equitable hiring program, the establishment of goals regarding company statistics, and opportunities for individuals not in the school of business to learn and grow professionally in a way that is beneficial to them personally

Additionally, a new management position has been created to greater the impact of Flyer Enterprises within the greater Dayton community. As so many individuals constantly give to this company, it is important that Flyer Enterprises makes it a priority to give back to the community as well This led to the newly developed management position, entitled the Community Outreach Coordinator who is responsible for creating and developing service opportunities and responsibilities for the employees of Flyer Enterprises Each division of Flyer Enterprises is on track to fulfill a service opportunity that is unique to them, in hopes of making a large impact on the community around us Also, a few of these divisions have been incorporating more and more “takeovers” from different organizations on campus, in which FE donates a percentage of its profits to a beneficial organization, usually creating a charitable donation to those in need.

Also, Flyer Enterprises has increased their presence within the Student-Run business association, in which employees of Flyer Enterprises have the opportunity to network with students from other large student run businesses within the nation, many being Ivy League. Students in FE have loved these opportunities thus far, and are excited to see what the future holds. To conclude, the 2022-2023 school year was filled with large success and growth within the company, and the individuals

flyerenterprises.com

Stitt Scholars Program (SSP)

Through a generous donation by Jim '71 (chairman of Cutco Corporation and Chairman of Olean Business Development Corporation) and Carol Stitt, the Stitt Scholars Program (SSP) was created to offer multidisciplinary collaborative experiential learning opportunities for Business and Engineering students at the University of Dayton. The first cohort of twelve students started during the fall of 2021 Students in the program commit to one academic year by working with entrepreneurs and startup companies at the HUB (Powered by The PNC Bank). Each semester, multidisciplinary teams work on multiple client-based projects with our community clients. During the 2021/22 academic year, the students worked on over ten unique projects Our clients provide a unique learning opportunity for the Stitt Scholars, while the students also create value (pro bono) to support clients’ entrepreneurial efforts. The scope and nature of the projects vary. While some projects have significant technical business and engineering content, others are also exploratory in nature.

In one project, students designed an experiment to determine the absorbency of a material. Another team also helped a client improve traffic to their business site by conducting social media and website audits. In June of 2022, Grace Silverberg, one of the Stitt Scholars in the first cohort presented one of the projects she worked on at the American Society for Engineering Education (ASEE) national conference in Minneapolis, MN. The second cohort in the SSP also had an eventful 2022/23 academic year.

The program expanded to include students from the College of Arts and Sciences, and they presented at the Spring 23 Stander Symposium Teams of two to three students took turns to share with the audience the projects they have worked on, and the impact they’ve made in our community The deliverables from one of the projects helped the client to secure $75,000 to support the renovation of the Courthouse Square in downtown Dayton, Ohio The next cohort of 15 students will start at the beginning of the 2023/24 academic year. We are looking forward to creating more value for startup companies and entrepreneurs in the Dayton area while providing multidisciplinary student teams with invaluable experiential learning opportunities.

If you are interested in working with the Stitt Scholars, or if you want to learn more, visit the website below and contact Mike Moulton (mmoulton1@udayton.edu) and Dr Philip Appiah-Kubi (pappiahkubi1@udayton edu) if you have any questions

https://udayton.edu/engineering/connect/stitt-scholars/index.php

Established in 2010 via a generous alumni donation, Flyer Angels is a seven-figure startup investment fund As part of UD’s signature lineup of experiential education programming, Flyer Angels is managed and operated by undergraduate students interested in careers in venture capital, private equity, and startup companies. Through this unique opportunity, students analyze deal flow, conduct due diligence, make investment decisions, manage investment portfolio, and network with local venture capital and angel investment groups

Flyer Angels primarily makes seed and/or Series A round investments in nascent ventures doing business in knowledgeintensive/high tech industries in Ohio (and surrounding regions) Student leaders believe that the growth of the tech industry and the increasing demand for innovation drive the success of Ohio-tech based startups and actively seek out companies led by a strong management team, have a direct solution to problems in the market, and align with the University of Dayton’s Marianist values.

To date, Flyer Angels has deployed over $200k in venture capital and have generated returns from several successful venture exits. In 2022, Flyer Angels restructured in order to include network management as a core focus In this way, Flyer Angels intends to enhance its relationships with other University-based student investment groups in hopes of developing synergies and enhancing learning opportunities. Likewise, network management allows for growth within the Ohio-based startup investment ecosystem by focusing on accelerator/incubator and investment group relationships to increase internship and career opportunities for program members. Also, in 2022 Flyer Angels developed goals to boost its reach to a more diverse set of startup founders by devising plans for DE&I focused investments.

If you are interested in working with Flyer Angels, or if you want to learn more about the program, visit the website below and contact Missy Oei (oeim01@udayton.edu) and Izzy Abreau (abreui1@udayton.edu) if you have any questions.

flyerangels.com

L. William Crotty Center for Entrepreneurial Leadership

2022-2023 Academic Year by the Numbers 9 micro-companies 38 incoming ENT students
micro-company sales
donated to a local charity 1,500+ engaging in courses/programs 40 faculty engaged at The Hub
$38,000+
$3,400

9 capstone clients

100 Flyer Pitch submissions

$24,500 worth of microloans

$2,700,000 Flyer Enterprise revenue

4,040+ total consulting hours with entrepreneurs and businesses

$163,000 in Flyer Pitch awards

10+ United Nations Sustainable Development Goals met through support to entrepreneurs and organizations

CROTTY CENTER PARTNERS CROTTY CENTER PARTNERS

CROTTY CENTER ADVISORY COUNCIL

Whitney Barkley - Greater West Dayton Incubator

Rebecca Blust - UD's Innovation Center

Dawn Brown - InSource Consulting, Inc

Ty Corbitt - Greater West Dayton Incubator

Kat Cordier - UD's Crotty Center

Jim Danis - G/C Contracting Group

Aaron Delidow - Provost Properties, Inc

Russ Gottesman - Commuter Advertising

Michael B. Green - MV Residential Group

Steve Harlamert - Harlow-HRK Sales & Marketing, Inc.

Stephen Hayes - SKH Quest Centers

Tom Homan - Allied Supply Company

Jay Janney - UD's Management and Marketing Dept.

Donald W. Jennett - Fifth Third Bank

Jeff Klank - Canal Holdings

Patricia Kukulka - Slone Gear

Scott Koorndyk - Entrepreneurs' Center

Ann Kyne - Fifth Third Bank

Vince Lewis - UD's Crotty Center

Nicole Dalichau - Aileron

David Marshall - UD's Management & Marketing Dept.

Mike McQuiston - The Connor Group

Scott Murphy - Leidos Innovation Center

Jack Murray - Fix Media

Connie Neace - UD's Crotty Center

Michelle Parker - MI Consulting & Research LLC

Stephanie Peters - UD's Crotty Center

Stuart Seltman - Crescent Paper Tube Company

Diane Sullivan - UD's Management & Marketing Dept.

Liz Todia - Mutual Capital Partners

Craig Voss - Voss Auto Network

Alex Waibel - Waibel Energy Systems

Bill Winger - Hyde Park Electronics Corp.

CROTTY CENTER VOLUNTEERS OF THE YEAR

Chataun Denis - 2022

CONTACT US ENT@UDAYTON.EDU @UDAYTONENT 31 S MAIN ST. DAYTON, OH 45402

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Articles inside

Stitt Scholars Program (SSP)

2min
pages 32-33

ESP/Tech Venture

7min
pages 27-31

Nonprofit Venture Track

0
pages 24-25

Startup Track Finalists

1min
pages 20-23

FLYE COMPETITION PITCH

2min
pages 18-19

ENTREPRENEURSHIP STUDIES

0
page 17

Sophomore ENT Experience

1min
page 16

DIVERSITY STRATEGIC PLAN

2min
pages 14-15

DAYTON INCUBATOR HIGHLIGHTS & ACHIEVEMENTS 2022-2023

1min
pages 12-13

2022-2023 INITIATIVES

1min
page 11

THE HUB POWERED BY PNC BANK

1min
pages 9-10

A LETTER FROM THE TEAM

3min
pages 6-8

ABOUT US

0
page 4

Stitt Scholars Program (SSP)

2min
pages 32-33

ESP/Tech

6min
pages 27-31

Nonprofit Venture Track

0
pages 24-25

Startup Track Finalists

1min
pages 20-23

FLYE COMPETITION PITCH

2min
pages 18-19

ENTREPRENEURSHIP STUDIES

0
page 17

Sophomore ENT Experience

1min
page 16

DIVERSITY STRATEGIC PLAN

2min
pages 14-15

DAYTON INCUBATOR HIGHLIGHTS & ACHIEVEMENTS 2022-2023

1min
pages 12-13

2022-2023 INITIATIVES

1min
page 11

THE HUB POWERED BY PNC BANK

1min
pages 9-10

A LETTER FROM THE TEAM

3min
pages 6-8

ABOUT US

0
page 4

Stitt Scholars Program (SSP)

2min
pages 33-34

Nonprofit Venture Track Semi Finalists

6min
pages 28-32

Nonprofit Venture Track

0
pages 24-25

Startup Track Finalists

1min
pages 20-23

FLYE COMPETITION PITCH

2min
pages 18-19

ENTREPRENEURSHIP STUDIES

0
page 17

Sophomore ENT Experience

1min
page 16

DIVERSITY STRATEGIC PLAN

2min
pages 14-15

INCUBATOR HIGHLIGHTS & ACHIEVEMENTS 2022-2023

1min
pages 12-13

2022-2023 INITIATIVES

1min
page 11

THE HUB POWERED BY PNC BANK

1min
pages 9-10

A LETTER FROM THE TEAM

3min
pages 6-8

ABOUT US

0
page 4
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