New York State Business Plan Competition > About Us
The New York State Business Plan Competition is a venture creation and innovation competition that was established in 2009 to encourage innovation and entrepreneurship throughout New York State’s colleges and universities.
The College of Nanoscale Science and Engineering (CNSE), in partnership with UAlbany's School of Business, the Lally School of Management and Technology at Rensselaer, and Union Graduate College School of Management organized a regional business plan competition with a focus on energy technology. The inaugural event was held at CNSE's facilities on April 28, 2010; it was meant to encourage students to fully engage in their research and allow them to gain valuable experience through presenting their business plan to potential investors and industry executives.
The event was such a success that the scope was expanded to include five additional categories and all students from accredited colleges throughout New York State. The cash prizes available each year to competing teams has grown from about $20,000 in 2010 to more than $100,000 currently, thanks in large part to the support of the competition’s title sponsor, SEFCU. In 2012, Syracuse University joined the organizing institutions as a main university sponsor of the competition. Additional universities have actively partnered with the competition, including Binghamton University, Canisius College, Clarkson University, Columbia University, Cornell University, Ithaca College, Long Island University, Marist College, New York Institute of Technology, New York University, Pace University, Rochester Institute of Technology, Stony Brook University, SUNY College of Environmental Science and Forestry, SUNY Plattsburgh, University at Buffalo, and University of Rochester.
Since 2010, over 140 student teams from 25 New York State universities have presented at the competition. At the end of the 2012 competition, more than $310,000 in cash and in-kind prizes have been awarded to student entrepreneurs.
The winners are selected each year by esteemed judges including venture capitalists, angels, investment bankers, other sophisticated public and private investors, and seasoned entrepreneurs.