8th Annual New York Business Plan Competition > Capital Region Semifinal Competition
Capital Region Semifinal Competition
The Capital Region semifinal competition of the 2017 New York Business Plan Competition (NYBPC) will be held at the SUNY Polytechnic Institute (SUNY Poly) on Friday, March 31, 2017. Student teams from New York’s Capital Region that meet the eligibility requirements below are invited to submit applications for their idea or venture under one of the following six categories:
- 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 provided lies in the creation of or is delivered through an app, then you belong in this category.
- Examples: An app that helps pairs potential roommates, a website/app that uses social media to collect payments from friends, a web service designed to tailor resumes for specific jobs, a file sharing service, an app or website that aggregates data and reviews about solar panel installers.
- 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.
- 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.
- 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.
- 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 been likely developed after years of laboratory research and have patent protection.
- Examples: High-performance skis coated with nanomaterial, vibration detector, new method for testing pharmaceuticals, physical therapy massager.
- Any physical, tangible goods offered for sale.
- Examples: Custom designer eyewear, vending machine, protein shakes, craft beer or alcoholic beverages, innovative water bottle, locally sourced tea, camera backpack.
- A value add process for delivering products of fulfilling customer needs.
- Examples: Lice removal company, meal delivery, custom clothing design, custom song writing service.
The two winning teams in each of the six categories from the Capital Region Semifinal Competition will advance to the final round of the NYBPC on Friday, April 28, 2017 in Albany, NY. They will compete head-to-head for the grand prize against regional semifinal winners from New York’s 9 other Regional Economic Development Council zones – Central New York, North Country, Mohawk Valley, Finger Lakes, Western New York, Southern Tier, Mid-Hudson, New York City, and Long Island.
Each team will have 10 minutes to pitch, which will be followed by 5 minutes of Q&A with the panel of investor judges. Judges are advised to act as they would in a closed-door boardroom investment presentation during the Q&A session.
Presentations must be submitted as either a PowerPoint presentation or a PDF file. These are the only formats that can be accepted and will be eligible for competition.
The 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 competition, all teams must meet the following criteria:
- Teams must consist entirely of graduate, undergraduate, and/or community college students enrolled in an accredited New York colleges and universities during the 2016-2017 academic year. Students who graduated during the Fall 2016 semester are still eligible to complete in the 2017 competition.
- A faculty or staff member is required to be listed as an advisor for the team; offering guidance, support and technical expertise.
- Teams must indicate whether they consist of community college, undergraduate, or graduate students, or a team with mixed student status.
- Students may not participate on more than one team each year of the competition.
- Cumulative public and private capital raised may not exceed $100,000. This does not include research funding that may have supported the development of the technology in an academic laboratory.
- Student ownership of the venture must be 100%.