Application deadline: March 23, 2018 (Applications will be submitted using a web based application)
You will be asked for the information outlined below.
Name of team/company, Academic Institution, Academic Advisor, Team's Point of Contact Name
Address, Email address, Phone Number
Team composition: Undergraduate students, Graduate students, Community College students
Minority and/or Women Owned Business Eligibility
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.(Submit your application by clicking the blue button "Submit Application" on the home page)
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 your idea or technology 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. 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 either be 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, a website to connect community members with volunteer opportunities.
3. Clean Technology: Any idea, technology, process, product, and /or service that relates to energy, clean energy, renewable energy, energy efficiency, environmental, and/or sustainability applications. Examples: Recycling technology, LED manufacturing technology, lithium ion batteries, clean energy crowd funding service, composting subscription service.
4. Advanced Technology: Any idea, technology, product, and/or service that relates to materials science, life science, advanced hardware, semiconductors, optics, and/or electronics applications that are not applicable to Clean Technology. These products and processes have likely been developed after years of laboratory research and have patent protection. Examples: High-performance skis coated with nanomaterial, vibration detector, new method for testing pharmaceuticals.
5. Products: Any physical, tangible goods offered for sale. Examples: Custom designer eyewear, vending machines, high performance protein shakes, craft beer or alcoholic beverages, innovative water bottle, locally sourced tea, camera backpack.
6. Services: A value add process for delivering products or fulfilling customer needs. Examples: Pest removal cmpany, meal delivery service, custom song writing 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.