Launching Terp Startup Fellows

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

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.

Forged connections with 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

Tom Savransky pitching at Pitch Dingman Competition Semifinals

memley

memley (formerly NuroSTREAM), co-founded by computer science student Steven Jettoo (CEO) and alumna Sage Newman (COO), is an education-technology startup with an app that accelerates a student’s academic growth through research-backed memory enhancement techniques. The learning platform reduces the amount of instructional time spent on skill and drill assessments of core knowledge.

Founders Steven Jettoo ’20 and Sage Newman ’15

Steven Jettoo leading a workshop on the Mind Palace memory retention technique at Startup Shell

MILESTONES

Launched a paid pilot with Jersey City Global Charter Schools to utilize memley as part of their everyday classroom environment.

Completely overhauled the platform’s backend to enable scaling

Expanded the team to 15 members, including interns who help run instructional onboarding workshops.

Initiated the process of filing for a patent of their software.