On March 27, 2012, TowsonGlobal will mark five years of entrepreneurial success, showcasing the breadth of entrepreneurial initiatives at Towson University and recognizing the achievements of six entrepreneurs who have turned their innovative ideas into successful businesses. During the Celebration of Entrepreneurial Success, certificates of accomplishment will be awarded to the incubator’s first graduates, which include:
Linda Seidel and Estelle Meister – Transcending Cosmetics. Transcending Cosmetics was founded to market their proprietary product, Natural Cover, to makeup professionals and medical practitioners nationally and internationally. Seidel is a pioneer in the corrective/camouflage makeup field who developed her own formulation when she found that no other product would adequately perform for her clients.
David Ryan and Jacques Dompier – Chesapeake Compensation Solutions. Chesapeake Compensation Solutions is a boutique consultancy of compensation experts with broad experience in assisting a diverse mix of publicly and privately held companies and organizations in solving the challenges they face in attracting, retaining, and motivating key talent.
Adam Nepp and Scott Wohler – NeWo Technologies. NeWo is an electronic product development firm that brings wholesale R&D to the masses, specializing in “concept to prototype” design. The company has developed real-time data harvesting and wireless transmission technologies with applications for athletics, defense, and health care.
A TowsonGlobal incubator member company is considered prepared to graduate when it reaches particular milestones, which vary from company to company. These may include sales revenue, grant or investor funding levels, numbers of employees, or space requirements. Milestones are set in meetings between the entrepreneurs and a TowsonGlobal milestone review committee, which is comprised of TowsonGlobal Advisory Board members, external mentors, and staff.
The graduates recognize the incubator’s role in their growth and are grateful for having had a chance to participate in the program. Nepp asserts that TowsonGlobal has helped NeWo gain more exposure and make quality connections both within the incubator and externally. “One of the best things about working at the incubator is being in the same boat with other companies.” His partner, Wohler, agrees. “We will definitely miss the bond we have with other members and the staff.” Transcending also appreciates the support that TowsonGlobal provided them during their five-year participation. Seidel says, “They gave us a safe haven where we could learn, grow, and flourish.”
The Celebration of Entrepreneurial Success will feature comments from Baltimore County Executive Director of Economic Development Daniel Gundersen and TowsonGlobal Advisory Board Chair and Vice President of Global Export Business Development at McCormick & Co. Fred Lissauer. The event also will showcase Towson University’s entrepreneurial initiatives, such as the Entrepreneurship Program within the College of Business and Economics, TowsonGlobal’s business plan competition, mentorship programs, and more.
TowsonGlobal provides each entrepreneur with a wide range of support, including high-quality, affordable office facilities; business counseling; mentoring; networking assistance; workshops and other educational forums. Members also draw from the experience of an active advisory board comprised of executives in technology, financial and legal services, logistics, manufacturing, contracting and venture capital fields.
TowsonGlobal is proud to play a significant role as a facilitator of entrepreneurial activity in the community, and to have been a stepping stone in its member companies’ road to success. Congratulations and the best of luck to all!