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UMD Supports Young Entrepreneurs, Encourages Startup Growth in Greater College Park through Startup Village

August 22, 2016

Katie Lawson, 301-405-4622

Partnership offers affordable, local housing to students and alumni who are ambitiously pursuing university-affiliated companies

COLLEGE PARK, Md. – The University of Maryland has partnered with several student and alumni startup companies to create the area’s first “Startup Village.” Part of the university’s Greater College Park initiative to rapidly revitalize the Baltimore Avenue corridor and academic campus, the Startup Village was created to help bridge the gap for student and alumni entrepreneurs as they grow their business ideas on campus and work toward launching them in the market.

After spending hours commuting from out of state to College Park every day, a group of UMD entrepreneurs were on the lookout for affordable housing options close to the university to give them more time to work on their startups. Through a partnership with UMD, the students and alumni worked together to renovate a house just on the edge of campus and create the Startup Village. Starting as one house with the potential to grow, the current residents of the Startup Village include The Q Truck, Javazen, Ready Box and David Mitchell Clothing. On any given day, several other businesses can be collaborating or working out of the flexible space.

“At the University of Maryland, the spirit of entrepreneurship extends well beyond graduation,” said Ken Ulman, the university’s chief strategy officer for economic development. “We see more and more that alumni want to stay in the area because they recognize the role UMD is playing in the innovation economy. Being part of the Startup Village allows these entrepreneurs to not only work on growing their companies, but contribute to their community as well.”

The Startup Village is an informal living-learning experience for UMD alumni and current students who are in the processing of launching a business or currently run a business. Living together helps the entrepreneurs create a robust support and resource network of operations experts, legal advisors, accountants and business professionals.

“Startup Village allows everyone to focus fully on their companies without the hassle of commuting,” says UMD alumnus David Engle, co-founder of The Q Truck. “Our self-care and self-starter attitudes are what we work to foster in a house of entrepreneurs living together – a culture which the Startup Village aims to incubate and spread to the wider community.” Engle co-founded the Startup Village with Eric Golman, co-founder of Javazen.

“College Park is a strong supporter of local businesses and we are thrilled to welcome these new and innovative companies into our community,” said College Park Mayor Patrick L. Wojahn. “I look forward to finding creative ways to partner with these entrepreneurs to make the Startup Village a growing part of our city’s culture.”

To learn more about Startup Village, visit its website at http://www.startupvillagecp.com/.