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2016 New York Business Plan Competition
Finger Lakes Region

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REGIONAL CONTEST OVERVIEW

Currently enrolled graduate and undergraduate students from accredited New York colleges and universities in the Finger Lakes Region are encouraged to submit the written application around a student-born innovation that is designed for a currently unmet need. The Regional Contest and Statewide Final Competition do not require the submission of a full business plan. A TWO-PAGE WRITTEN APPLICATION IS ALL THAT IS REQUIRED TO ENTER.

Regional Contest semi-finalists will be invited to give a 10-minute presentation followed by 5 minutes of Q&A from a panel of regional judges on April 13, 2016 hosted at SUNY Geneseo. The semi-finalist presentation round is a free event that is open to the public. Teams are encouraged to invite friends and faculty. The top two teams from each category (for a total of up to 12 teams from the Finger Lakes region) will be selected to participate in the Statewide Competition where they will compete against finalists from the other nine regions in New York. The judges reserve the right to select less than 12 teams from the Finger Lakes region based on the quality of the entries and presentations.

Statewide Competition finalists will be required to give a 10-minute presentation followed by 5 minutes of Q&A from a panel of statewide judges on April 29, 2016 in Albany.

Statewide Competition Sample Presentation Format Coming Soon

Teams should consist of one to a maximum of six members, excluding the advisor. Students from different academic areas are encouraged to work together to create the strongest team possible. One faculty member is required to be listed as an advisor for the team; offering guidance, support, and technical expertise.

Student entrepreneurs that meet the eligibility requirements (see Eligibility & Rules page or Statewide Competition FAQs) are invited to submit an application (not to exceed two written pages) for their idea or venture under one of the following six categories:

  • Biotechnology / Healthcare
  • Energy / Sustainability
  • Information Technology / Software
  • Nanotechnology / Advanced Technology
  • Products / Services
  • Social Entrepreneurship / Non-Profit

Students must indicate their category selection on the online application. Selection of an inappropriate category could be considered grounds for disqualification by the judges.

1. Information Technology/Software

Any idea, technology, product, and/or service that relates to apps, informational technology, software, and/or internet applications in for profit enterprises.

**If the value that your company provides lies in the creation of or is delivered through an app, then you belong in this category.

– Examples: An app that helps pairs potential roommates, a website/app that uses social media to collect payments from friends, a web service designed to tailor resumes for specific jobs, file sharing service.

2. Biotechnology/Healthcare

Any idea, technology, product, and/or service that relates to healthcare, biomedical, pharmaceutical, and/or life science applications.

– Examples: New method for testing pharmaceuticals, all-natural mosquito repellent, CPR training services, physical therapy massager.

3. Energy/Sustainability

Any idea, technology, product, and/or service that relates to energy, clean energy, renewable energy, energy efficiency, environmental, and/or sustainability applications.

– Examples: Composting subscription service, LED manufacturing technology, lithium ion batteries, clean energy crowd funding service.

4. Nanotechnology/Advanced Technology

Any idea, technology, product, and/or service that relates to materials science, advanced hardware, semiconductors, optics, and/or electronics applications that are not applicable to Biotechnology/Healthcare and Energy/Sustainability. These products and processes have been likely developed after years of laboratory research and have patent protection.

– Examples: High-performance skis coated with nanomaterial, data transmission device, vibration detector

5. Social Entrepreneurship/Non-Profit

Any idea, product, and/or service that addresses a social need, for which profit is not the primary motivation, or provides a product/service for nonprofits. If formed, the venture would be either a Benefit corporation or be eligible for 501(c) status. Apps and websites with non-profit missions should compete in this category .

– Examples: Selling a good or service that raises awareness and donates significant portion of the revenues to a cause, organization that provides financial literacy training, cooperative non-profit coffee shop, bike trail, a website to connect community members with volunteer opportunities.

6. Products/Services

Any idea, product, and/or service that does not fit any of the other categories

– Examples: Workout equipment, bakery, brewery, dessert delivery service.

 

Companies will be notified by Wednesday, March 23, if they have been selected to present in the semi-final round on April 13.

Frequently Asked Questions about the Statewide Competition


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