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Shore Hatchery

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Friday, October 27, 2017

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Monday, August 28, 2017 - Monday, September 25, 2017

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Fall Ratcliffe Shore Hatchery Winners Announced

11/1/2016 11:54:00 AM

2016 Shore Hatchery Competition

SALISBURY, MD---When Marsha Hammond of Baltimore underwent treatment for breast cancer two years ago, receiving chemotherapy was unnerving.

“I was terrified,” she said. “I had to come up with a way to reframe the experience for myself.”

A friend in the nursing profession suggested she consider the medications flowing from her IV bag not as drugs, but as representations of happier things.  “Why don’t you just envision it to be something like love or light?” she said.  The thought not only helped Hammond through her recovery; it sparked an award-winning business idea: “I said, ‘I’m an artist. I can MAKE it love or light.’”

Marsha Hammond (left)The resulting product, Dhremo Therapy IV Decals (pictured left), produced by Hammond’s company, Mind the Current, LLC, are meant to be applied on the side of IV drip bags facing the patient. Designed to look like old-time medical labels, they extol the virtues of the good things entering the patient’s body.

The creative appliqués drew the attention of the judges during the seventh round of Salisbury University’s Philip E. and Carole R. Ratcliffe Foundation Shore Hatchery competition, netting Hammond $25,000.

Staying true to the program’s goal of helping to create job opportunities, she plans to use the money to hire staff, as well as increase her marketing efforts, establish a pediatric line of labels and start an online platform that will allow customers to personalize the labels.

This semester’s competition drew a record 28 entries, literally changing the way the event was held. For the first time, the program employed two competition rooms of judges, who heard pitches simultaneously. This change in the Gull Cage created efficiency in the pitch process allowing more competitors to participate. Also new this year was a public Shore Hatchery Exhibition, allowing participants to showcase their products and ideas to the campus and local community.

Among the competitors were students from the inaugural class of the Salisbury Area Chamber of Commerce’s Young Entrepreneurs Academy (YEA), as well as SU Student Entrepreneurship Competition winners and former Ratcliffe Shore Hatchery competitors and winners.

R.J. Batts (second from right)

“It’s pretty incredible that we have an age range of participants from middle school, to college, to post-college,” said Doug Wilson, managing principal of Private Wealth Partners, LLC, and a member of the Ratcliffe Shore Hatchery board of directors.

William Burke, SU executive director for economic development, also noted the diversity of the competitors and their ideas. In the end, judges divided some $95,000 among eight winners. Along with Mind the Current, LLC, they included:

• Mobtown Fermentation - $15,000. This Timonium, MD-based company specializes in brewing kombucha, a type of fermented tea. A past Ratcliffe Shore Hatchery winner, it received additional funds for expansion.

• Picklehead, LLC - $15,000. YEA student R.J. Batts, a Parkside High School freshman (pictured above), received funding for his product, Tip Tough, a guide that helps cooks protect their fingers when chopping vegetables and other foods.

• Badjo-T Industries - $10,000. Inspired by video games and anime, the principals of this company design and manufacture custom, high-tech suits for live-action role playing. This round marked their third as Ratcliffe Shore Hatchery winners.

• Gel-e Life Sciences - $10,000. The University of Maryland, College Park, startup has developed an advanced wound care formula based on a protein found in crab shells.

• Neuro Helmet Systems - $10,000. A 2016 SU Student Entrepreneurship Competition finalist, this company develops and markets high-end, high-tech motorcycle helmets.

Marvin Li

• Stock Scholars - $5,000. YEA student Marvin Li, a Bennett Middle School eighth grader (pictured left), impressed judges with his interactive online platform geared toward teaching children about financial literacy through games and fun activities.

• TNP Studios - $5,000. This company, whose initials stand for “The Next Phase,” specializes in podcast production and consulting.

In addition to funding, winners and participants also receive mentoring support from the program’s board. Members include business leaders such as Dave Rommel and Mike Cottingham of Rommel Holdings, Inc.; Frank Gunion of South Moon Under; Jennifer Layton of Layton’s Chance Vineyards; and Winery and Katherine Kiernan of APPI Energy, among others.

The eighth installment of the competition is scheduled in the spring, with a potential $105,000 in seed funding available. Administered through SU’s Franklin P. Perdue School of Business, the goal of the Ratcliffe Shore Hatchery program is to fund entrepreneurs in the mid-Atlantic and have new businesses opening within six months, with the potential of employing five or more within a year.

For more information call 410-543-6030 or visit the SU website at www.salisbury.edu.

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Tuesday, May 19, 2015

Ratcliffe Shore Hatchery Winners Announced

Ratcliffe Shore Hatchery Winners Announced

Dr. Memo Diriker, director of SU’s Business, Economic and Community Outreach
Network (BEACON), left, and Ratcliffe Shore Hatchery board member Mike
Cottingham, president and CEO of Rommel Holdings, right, congratulate Charles
White and Mike Boylan of PaverGuide on receiving $35,000 in funding from this
spring’s competition.

SALISBURY, MD---Members of Salisbury University’s Philip E. and Carole R. Ratcliffe Foundation Shore Hatchery board of directors spread the wealth — literally — during the fourth round of the semiannual competition.

Eight Maryland-based startup businesses, representing more than half of this semester’s 15 competitors, received funding from the initiative, established with a $1 million gift from the Ratcliffe Foundation in 2013 to assist entrepreneurs and help them create new jobs. Winners included:

•    PaverGuide - $35,000. Producing a lightweight, low-cost pervious paving system, this company hopes to help contractors save on construction labor and materials while providing a high-quality, low-maintenance alternative to traditional brick and stone pavers. Production is planned to take place in Hurlock, MD.

•    NUVU- $25,000. Creators of this app hope it will serve as a nightlife guide and social interaction tool for young adults while providing real-time analytics and advertising opportunities for bars and clubs.

•    Kitchology - $25,000. This app will provide substitution suggestions in recipes for diners seeking to lose weight or managing dietary restrictions.

•    Oasis Marinas - $20,000. Winning $30,000 in last fall’s Ratcliffe Shore Hatchery competition, this upscale marina management company returned this semester with a new idea: a “Snag a Slip” website that will allow boaters to reserve marina slips in advance online.

•    Gold Leaf Academy - $5,000. This accredited child care program and private school would serve children ages 6 weeks to 4 years.

•    Kanga Trash and Energy Systems - $5,000. Conceptualized by University of Maryland student Cody Branchaw, this company plans to produce under-seat garbage cans for stadiums and arenas, reducing the number of hours required to clean the facilities after events and decreasing the amount of electricity needed to keep the venues illuminated during cleaning periods.

•    Operation Precision Systems, LLC - $5,000. This company is developing a cloud-based drinking water quality monitoring and management service, with an eye toward expanding into air quality, ground quality and waste management monitoring.

•    IPPS Mentoring Program - $5,000. The first non-profit organization funded by the Ratcliffe Shore Hatchery, this Salisbury-based program provides mentoring services at the Wicomico County Detention Center in hopes of keeping inmates from returning once they have served their sentence. With the funding, IPPS board members plan to expand the initiative to the Poplar Hill Pre-Release Unit this summer.

In total, the Ratcliffe Shore Hatchery distributed some $125,000 this semester for a total of $200,000 this academic year. The fifth round of the competition is scheduled next fall, with some $200,000 in seed funding available.“The judges continue to be impressed with what they’re seeing each semester,” said William Burke, SU director of entrepreneurship competitions. “They had an especially tough time this round, and the number of prizes awarded reflects that.”

Administered through SU’s Franklin P. Perdue School of Business, the goal of the Ratcliffe Shore Hatchery program is to fund entrepreneurs in the mid-Atlantic and have new businesses opening within six months, with the potential of employing five or more within a year.

In addition to funding, winners and participants also receive mentoring support from the program’s board. Members include business leaders such as Jim Perdue of Perdue Farms, Dave Rommel and Mike Cottingham of Rommel Holdings, Frank Gunion of South Moon Under, Laura Baker of Draper Holdings, Jennifer Layton of Layton’s Chance Vineyards and Winery, Bruce Rogers of Sherwood of Salisbury, Katherine Kiernan of APPI Energy and Sandy Fitzgerald-Angello of Pohanka Automotive Group, among others.

This semester’s Ratcliffe Shore Hatchery competition was part of SU’s inaugural Entrepreneurship Week, which also featured the University’s annual student Entrepreneurship Competitions and, in connection with 47 ABC, a casting call for the ABC-TV hit series Shark Tank.

The next Ratcliffe Shore Hatchery submission period is August 17-September 21. For application materials and more information visit www.salisbury.edu/perdue/shorehatchery.

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