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About
Fall Open House
Join us for our last Fall Open Houses and experience our beautiful, riverfront campus firsthand. Learn more about Marist’s academic experience, the admissions process, and get an inside look at life as a Red Fox! You'll have the opportunity to hear directly from students, faculty, and staff about what makes the Marist Community so special. Register Below:
About
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Academics
Fall Open House
Join us for our last Fall Open Houses and experience our beautiful, riverfront campus firsthand. Learn more about Marist’s academic experience, the admissions process, and get an inside look at life as a Red Fox! You'll have the opportunity to hear directly from students, faculty, and staff about what makes the Marist Community so special. Register Below:
Academics
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Admission & Financial Aid
Fall Open House
Join us for our last Fall Open Houses and experience our beautiful, riverfront campus firsthand. Learn more about Marist’s academic experience, the admissions process, and get an inside look at life as a Red Fox! You'll have the opportunity to hear directly from students, faculty, and staff about what makes the Marist Community so special. Register Below:
Admission & Financial Aid
-
Student Life
Fall Open House
Join us for our last Fall Open Houses and experience our beautiful, riverfront campus firsthand. Learn more about Marist’s academic experience, the admissions process, and get an inside look at life as a Red Fox! You'll have the opportunity to hear directly from students, faculty, and staff about what makes the Marist Community so special. Register Below:
Student Life
- Athletics
Mid-Hudson Business Plan Competition
Frequently Asked Questions
The 12th Annual Mid-Hudson Regional Business Plan Competition (MHRBPC) was held at Marist on April 5, 2024. The top two winning teams in each track at the regional competitions competed in the NYBPC finals, and were judged in three rounds, first round asynchronous judging, then in-person New York Business Plan Competition Finals and Grand Finale on April 25, 2024 in-person. Stay tuned for further updates! For any additional questions, please contact roberta.diggins@marist.edu or cynthia.worrad@marist.edu
Most common concerns
2024 Mid-Hudson Regional Business Plan Competition FAQs Competition: April 5, 2024 hosted by Marist
Yes--students that are currently enrolled or were enrolled in the 2023-2024 academic calendar year, including those who graduated in December or another month, are eligible to compete.
Yes-- part-time students are allowed to participate as long as they are currently enrolled or were enrolled during the 2023-2024 academic calendar year.
All presenters must be eligible students in all stages of the competition. You may have team members or advisors who are not students work with your team. For business ventures that are incorporated, your business must be majority student-owned (more than 50%). For teams that are unincorporated, the majority of contributions need to come from students, such that should an organization become incorporated, the organization would be majority student-owned.
Absolutely as long as it is located in the Mid-Hudson seven county region and the school is accredited.
A maximum of two teams from each track will be selected.
Upon winning the regional competition, the host organizers will notify you with details on how to claim your prize money. Each team member or company (if incorporated) must have a W-9 form submitted, since cash prizes are taxable according to state and federal law. All prizes must be claimed (definition of claimed: W-9 must be submitted to the host college) by June 1, 2024, or your award will be forfeited.
Tax Forms: In regards to completing the W-9 tax form, there are two possibilities:
1. If the team is incorporated, then complete the form with the company's tax number and return.
2. Otherwise, each team member will need to send the completed form using his or her individual tax number (for individuals, this is generally the Social Security number SSN).
Yes--student teams are eligible to compete as long as they haven't raised more than $100,000 in cumulative public and private capital, including other business plan competitions, but excluding grant funding.
Judges use the NYBPC rubric to evaluate each team at both the regional level and state level. Judges are asked to evaluate companies according to the following criteria: Market Opportunity, Competitive Advantage, Management Capability, Financial Understanding, Roadmap/Growth Strategy, and Sustainable Business Model. Judges focus their deliberations on the long-term viability and sustainable competitive advantage of each venture.
No-- judges and participants do not sign confidentiality or non-disclosure agreements, just like in an actual investor presentation. Entrepreneurs need to learn how to effectively pitch their idea, technology, and business model to investors without disclosing confidential information. Teams should not include any confidential information in their applications or pitch decks.
IP protection is the responsibility of the applicant. In general and for the NYBPC, it's best to focus on the problem, high-level overview of a solution, and how the solution makes money, without getting into too much detail on the product/service.
As stated by a local attorney: Steve Ackerman of Saile Ackerman law firm based in Poughkeepsie, NY:
"Pursuing protection by obtaining a patent is the most likely approach. It would be best to find a patent attorney to discuss next steps, and the discussion should include the costs and timeline for obtaining patent protection, why a patentability search is a good idea, and the importance of getting a patent application filed before you disclose your idea to any third party. You'll also want to start thinking about how you might produce, market, and sell a product that includes your invention, and how to finance the costs of starting a business and paying for the patent process. As an alternative to selling the product yourself, you may consider just obtaining a patent and finding someone else to make and sell the product, though this has its own challenges."