New York Business Plan Competition

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Capital Region Semifinal Competition

The Capital Region semifinal competition of the 2016 New York Business Plan Competition (NYBPC) will be held at the SUNY Polytechnic Institute (SUNY Poly) on April 1, 2016. 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 company provides 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, file sharing service.
  • Biotechnology/Healthcare
    • Any idea, technology, product, and/or service that relates to healthcare, biomedical, pharmaceutical, and/or life science applications.
    • Examples: New method for testing pharmaceuticals, all-natural mosquito repellent, CPR training services, physical therapy massager.
  • Energy/Sustainability 
    • Any idea, technology, product, and/or service that relates to energy, clean energy, renewable energy, energy efficiency, environmental, and/or sustainability applications.
    • Examples: Composting subscription service, LED manufacturing technology, lithium ion batteries, clean energy crowd funding service.
  • Nanotechnology/Advanced Technology 
    • Any idea, technology, product, and/or service that relates to materials science, advanced hardware, semiconductors, optics, and/or electronics applications that are not applicable to Biotechnology/Healthcare and Energy/Sustainability. These products and processes have been likely developed after years of laboratory research and have patent protection.
    • Examples: High-performance skis coated with nanomaterial, data transmission device, vibration detector
  • 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. 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, bike trail, a website to connect community members with volunteer opportunities. 
  • Products/Services 
    • Any idea, product, and/or service that does not fit any of the other categories falls into the Products/Services category.
    • Examples: Workout equipment, bakery, brewery, dessert delivery 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 29, 2016 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.

Competition Format

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:
  • Consist entirely of currently enrolled graduate and/or undergraduate students from accredited New York 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 the venture must be 100%

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