New York Business Plan Competition > About Us
The New York Business Plan Competition (NYBPC) is a venture creation and innovation competition that was established in 2010 to encourage innovation and entrepreneurship throughout New York’s colleges and universities.
The SUNY Polytechnic Institute’s Colleges of Nanoscale Science and Engineering (CNSE), in partnership with the University at Albany's School of Business, Lally School of Management and Technology at Rensselaer Polytechnic Institute, and Union Graduate College School of Management, organized a regional business plan competition with a focus on energy technology. In 2010, the inaugural event was held at CNSE's Albany Nanotech Complex; it was meant to encourage students to fully engage in their research and allow them to gain valuable experience through presenting their business plans to potential investors and industry executives.
The success of the 2010 event laid the groundwork for expanding the scope to include five additional categories and all students from accredited colleges and universities throughout New York. The total prizes available each year for competing teams has grown from $25,000 to currently more than $500,000, thanks in large part to the support of the program’s title sponsors. In 2012, Syracuse University joined the founding institutions as an organizer of the NYBPC. Additional colleges and universities have actively partnered with the competition, including Binghamton University, Canisius College, Clarkson University, Columbia University, Cornell University, Hudson Valley Community College, Ithaca College, Long Island University, Marist College, New York Institute of Technology, New York University, Pace University, Rochester Institute of Technology, Siena College, Skidmore College, Stony Brook University, SUNY Cortland, SUNY-ESF, SUNYIT, SUNY Levin Institute, SUNY Plattsburgh, University at Buffalo, and University of Rochester.
The scope of the NYBPC was expanded once again in 2013 to feature New York’s 10 Regional Economic Development Council zones – Capital Region, Central New York, North Country, Mohawk Valley, Finger Lakes, Western New York, Southern Tier, Mid-Hudson, New York City, and Long Island. Selected regional partner institutions host semifinal competitions in each of the regions every April. The top teams from each region advance to the statewide final competition where they go head-to-head for the grand prize at in Albany, NY.
The lead organizing institutions have grown the NYBPC from a small, regional event into a statewide program with some of the largest awards and prizes of any business competition in the world. The NYBPC is the only leading collegiate business competition that is a regionally coordinated, collaborative statewide program, setting it apart from all other competitions. It is one of the largest collegiate business competitions in the nation.
Since 2010, over 1,130 student teams from almost 75 of New York’s colleges and universities have pitched their ideas and ventures at the NYBPC. The winners are selected each year by esteemed judges, including venture capitalists, angel investors, investment bankers, other sophisticated public and private investors, and seasoned entrepreneurs. At the end of the 2014 competition, more than $1,300,000 in cash and in-kind prizes have been awarded to student entrepreneurs in New York.