Business plan

SUNY Poly will hold a business plan competition for students

MARCY — SUNY Polytechnic Institute has announced that the college will take over leadership of the Mohawk Valley Regional Semi-Final of the New York Business Plan Competition. The event, which will take place virtually at the end of March, promotes entrepreneurial opportunities for university students across the region who can pitch their business plans for the chance to win cash prizes, including $2,000 $, $1,000 or $500 for first, second and third place finishers, respectively.

Interested student teams are encouraged to apply to participate as deadlines are rapidly approaching. The regional semifinals are scheduled to take place across New York in late March and early April, with the statewide finals set to take place in April in Syracuse.

“SUNY Polytechnic Institute is proud to support the efforts of the Upstate Capital Association of New York in leading the semi-final of the Mohawk Valley Regional Business Plan Competition in New York,” said SUNY Acting President. Poly, Dr. Tod A. Laursen. “By partnering with SUNY Schools and other colleges and universities that host regional competitions across the state, SUNY Poly is excited to provide a platform that encourages students to pitch their groundbreaking ideas so that they can turn their concepts into tangible products and services that can benefit society.

“We are thrilled that SUNY Poly has lined up as the leader of the Mohawk Valley regional competition this year,” said Noa Simons, president and CEO of the Upstate Capital Association of New York. “They join a union of committed and hardworking organizations that are helping transform lives through experiential learning and expanding NYBPC’s impact as a cornerstone of entrepreneurship in New York City.”

Hundreds of students from accredited New York colleges and universities are expected to attend. Each team that enters the competition will be able to submit a business idea as part of the virtual event, with submissions being evaluated by a panel of experienced judges comprised of business and industry professionals. The finals will take place online the week of April 4, followed by live and online pitching on April 13, after which the first-place teams from each track will pitch live at the Grand Prix Finals at the WCNY Broadcast and Education Center. in Syracuse on April 27.

Prizes, recognitions and cash rewards will be announced by the end of March. First, second and third place prizes will be awarded for each of the tracks. One Grand Prize winner will be selected from the top teams in each track. The winners will be selected by juries. Special prizes may be awarded individually or across tracks, including Concept Stage and MWBE prizes.

“My experience with NYBPC has been transformative,” said SUNY Poly alumnus Elias Zeina, owner and director of Lafa Mediterranean by Zeina’s. “Before competing, our teacher, Dr. Robert Edgell, guided my team and I through an intensive semester-long course where we brainstormed, collaborated, and executed a business idea. From the beginning, our team was connected to professionals who helped develop our idea into what could have been a practical and functional business in our community. During regional and national competitions, our team received a tremendous amount of constructive feedback from the judges, which helped refine our ideas even further. The whole process gave me the strategic planning and creative thinking skills as well as the confidence to open my own business. I recommend all students who wish to embark on an entrepreneurial adventure to follow this process. »

“The Griffiss Institute salutes Upstate Capital and SUNY Polytechnic Institute for their continued leadership and support of the Mohawk Valley region’s participation in the New York City Business Plan Competition,” said Heather Hage, President and CEO. from the Griffiss Institute.

“NYBPC is a critical driver of college entrepreneurship in New York State, and there is no better institution than SUNY Poly to lead the Mohawk Valley program, with its rich research heritage. industry and technology commercialization to inspire the next generation,” Hagé added.

Interested students should submit their business plans for innovative ideas related to areas that include:

Safety, food and mobility: Defence, Energy First Responder, Infrastructure, Mobility & Transport;

Health & Wellness: Education, Health IT, Life Science, Medtech, Well-being;

Food: agricultural technology, food product, food service;

Media, art and entertainment: Entertainment, games, media, art; and

All other new businesses: All companies that do not correspond to one or more of the previous sectors.

The competition semi-finals will be held in 10 regions across New York State, based on the 10 regional economic development councils. Participating host institutions and semi-final dates include:

To participate in the Mohawk Valley NYBPC Semi-Finals, student teams must submit their initial entry form by Sunday, February 20. Final video material for the Mohawk Valley Regional Semi-Final must be submitted by Friday, March 25, along with the Q&A program. place at the end of March. The winners will be announced on April 1.

For more information on the 2022 New York Business Plan Competition, including details on each regional competition, how to apply online, and a list of application deadlines by region, go to: .

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