Entrepreneurship Professor and CEO Raises $1.5M for Company
Assistant Professor of Entrepreneurship Sanwar Sunny had a steller spring in terms of raising seed funding for the company he founded in 2019. The practicing entrepreneur is the CEO of Dynamhex, a company that provides complex energy consumption and carbon footprint data for corporate, utility and government entities.
In March, a number of investors offered up $1.5 million in funding including $250,000 from the “Maryland Momentum Fund,” a fund sponsored by the University System of Maryland. The total investment included $200,000 from the Chesapeake Bay Seed Capital Fund, a College Park-based fund that invests in companies that can help improve air and water quality in the Chesapeake Bay watershed, Intelis Capital, the Exelon Climate Change Investment Initiative, and the KCRise Fund.
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Eleven UBalt Alumni Represent 25 Largest Area Accounting Firms in Annual List
For the past two decades, alumni from The University of Baltimore have served in senior leadership positions for the majority of Baltimore’s largest accounting firms—a claim that no other university, public or private, can make. Over those years, UBalt alumni have earned significant senior leadership roles in the metropolitan area’s 25 largest firms, with a concentration holding University of Baltimore graduate degrees in accounting or taxation. Currently, University of Baltimore alumni are serving in top leadership positions in 11 of those firms.
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Redevelopment Plan Clinches Second Annual 'Pitch for a Million' Real Estate Development Competition
A plan by a University of Baltimore graduate student to reinvest in the rejuvenation of Baltimore's historic Harlem Park was the winning entry in UBalt's second annual "Pitch for a Million" real estate development competition, held in September 2020 as an online event and witnessed by dozens of UBalt students and alumni, as well as representatives from the metropolitan area's real-estate development community. The competition, which challenges participants to envision the development of residential, commercial, green space and more, all within the City of Baltimore, features the chance for up to $1 million in Line of Credit to start the project. It is sponsored by M&T Bank, Howard Bank and the UBalt Real Estate and Economic Development Program Advisory Board, in partnership with Baltimore Community Lending.
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