Application deadline: March 15, 2016
Name of team/company:
Submission category: (Reviewers reserve the right to reassign the category. Teams will be notified if they are assigned to a different category.)
Business and Business Model
1. Structure: What is the structure of your company?
2. Value Proposition: What is the company's key value proposition? (e.g. lowest cost, highest reliability, best performance, etc.)?
3. General Description: What is your business model? Describe how your business makes money and how it will assure great and long term profits for the future.
1. What is your product/service offering?
2. How does your product/service work? Define and quantify key benefits to customers (e.g. cost, performance, technical, etc.) for customers.
3. Where is the product/service in its evolution (e.g. idea/conception, proof of concept, fully tested prototype, etc.)?
1. Who are your competitors?
2. What makes you better than other companies currently in the marketplace?
3. Is this competitive position sustainable?
4. How will you protect your proprietary information?
1. What markets and market segments are you targeting? How big are these markets and how can you sustainably capture them?
2. What are the key market barriers that will lend to your success?
Customers are the key to strong profits. Who are the specific customers that you are pursuing or will pursue? Do you have any letters of intent to purchase?
Please be sure to review the track categories before making a selection, and provide a brief justification of how your team qualifies to compete in your selected category.
Name of academic institution:
Please indicate the academic makeup of your team (graduate vs. undergraduate students)
Name, title and email address of Academic Advisor:
Name of Company/Group
Name and Title of Presenter:
Address, City, State, Zip:
Email your application (no more than 2 pages long) to email@example.com. Applications will not be accepted after March 15, 2016.
Students are asked to indicate their category selection on their application. Selection of an inappropriate category could be considered grounds for disqualification by the judges. Please include a one sentence explanation for your selection of category.
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 company provides lies in the creation of or is delivered through an app, then you belong in this category. Examples: An app that helps pair 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 nano-material, 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 falls into Products/Services. Examples: Workout equipment, bakery, brewery, dessert delivery service.
The New York Business Plan Competition (NYBPC) reserves the right to withhold prize money and/or in-kind services from winning teams who do not comply with the eligibility requirements. In order to be eligible to apply for and participate in the NYBPC, all teams must meet the following criteria:
- Consist entirely of currently enrolled graduate and/or undergraduate students from accredited New York State colleges and universities
- A faculty or staff member is required to be listed as an advisor for the team; offering guidance, support, and technical expertise
- Students may not participate on more than 1 team each year of the competition
- Cumulative public and private capital raised may not exceed $100,000
- Student ownership of venture must be 100%
- Student teams must be present at the awards ceremony at the state competition in order to receive their prize
The presentation format for the regional semifinal and statewide final competitions is the same. Each team will have 10 minutes to pitch, which will be followed by 5 minutes of Q&A with the panel of judges. Judges are advised to act as they would in a closed-door boardroom investment presentation during the Q&A session. The New York State competition requires that all presentations be in PPT, PPTX or PDF format.