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Frequently Asked Questions

An informational webinar was held on February 1 to provide an overview of the 2013 New York Business Plan Competition for students, faculty, staff, sponsors, and other stakeholders that are interested in learning more about the program.

Download the Webinar Presentation

Q: If I graduated in December 2012, am I eligible to compete in the program?
A: Yes – students that are currently enrolled or were enrolled in the 2012-2013 academic calendar year, including those who graduated in December or another month, are eligible to compete in the New York Business Plan Competition.

Q: Are part-time students allowed to participate in the program?
A: Yes – part-time students are allowed to participate as long as they are currently enrolled or were enrolled during the 2012-2013 academic calendar year.

Q: Can I have someone on my team who isn’t currently a student?
A: No – all members of competing teams must be consisted entirely of undergraduate or graduate students enrolled in the 2012-2013 academic year.

Q: I go to a community college, can I still participate?
A: Yes – the New York Business Plan Competition is open to any student attending an accredited college or university in New York.

Q: Where do I submit my application for the regional competition?
A: Go to the New York Business Plan Competition website – www.nybplan.com – and select the Regional Competitions page. On the Regional Competitions page you will find information for each of the 10 regional competitions, including submission instructions and contact information for the regional partner institutions.

Q: Is the presentation format the same as last year with the elevator pitch round first followed by an investor pitch round for those teams that advance?
A: No – there will not be an elevator pitch round this year. The presentation format for the regional semifinal and statewide final competitions may vary slightly based on the number of teams participating in each region. For the statewide final competition, 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.

Q: How do I know what region my school is in?
A: Go to the New York Business Plan Competition – www.nybplan.com – and select the Regional Competitions page. On the Regional Competitions page you will see a map that breaks up the state into the 10 regions that are being used for this year’s program. If you are unsure which region your school is in, contact Nicholas Querques at nquerques@albany.edu to confirm your region and the appropriate regional host institutions.

Q: What categories can I submit an application for?
A: Biotechnology/Healthcare, Energy/Sustainability, Information Technology/Software, Nanotechnology/Advanced Technology, Products/Services, and Social Entrepreneurship/Non-Profit. You must indicate which category that you are applying for on the application.

Q: How many teams will advance from the regional competitions to the statewide final competition?
A: A maximum of 2 teams from each of the 6 categories at the 10 regional competitions will be invited to the statewide final competition on April 26. There will be up to 120 teams participating in the statewide final competition for a maximum of 20 teams in each category.

Q: Can I participate on more than one team?
A: No – students may not participate on more than one team each year of the competition.

Q: Am I allowed to form a team and work with students from other schools?
A: Yes – multiple-institution teams are allowed and encouraged, as long as the teams are made up entirely of students from accredited New York collegiate institutions that are enrolled in the 2012-2013 academic year.

Q: My venture recently won $10,000 at a local business plan competition. Are we still eligible to participate in the New York Business Plan Competition?
A: Yes – student teams are eligible to compete in the New York Business Plan Competition as long as they haven’t raised more than $100,000 in cumulative public and private capital, including other business plan competitions and grant funding.

Q: Do judges and participants sign confidentiality or non-disclosure agreements so that I don’t risk comprising the intellectual property of my idea or technology?
A: No – judges and participants do not sign confidentiality or non-disclosure agreements, just like they would in an actual investor presentation to venture capitalists, angels, and other funding parties. 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.

Q: If my team isn’t selected to advance to the statewide final competition, can I still attend and watch the presentations?
A: Yes – teams that participate at the regional semifinal competitions but don’t advance are invited to attend the statewide final competition in Albany on April 26.

Q: If I am working with students from another institution in a different region, are we allowed to apply in both regions?
A: No – teams with students from multiple regions may only apply to and participate in one region.

If you have additional questions about the New York Business Plan Competition, please contact Nicholas Querques at nquerques@albany.edu.

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