April 28, 2010
By: by Samantha Chichester, Times Union
12 teams of college students are competing for a chunk of cash, $10,000 to be exact.
The "Tech Valley Business Plan Competition" will be presented on Wednesday, April 28 at
Albany NanoTech Complex, where the presentations will begin at 2 p.m. and the winners to be announced later at 7:15 p.m.
Teams will have to develop a business plan that will market a variety of green energy innovations including solar energy, high capacity energy storage systems, reduction of water consumption and material waste, as well as others.
Eric Lewis, Dean of the School of Management at Union Graduate College said in a press release, "The innovations being presented by the students have the potential to make an impact not only in the business world, but also in supporting the critical need for sustainable energy and a clean environment."
The College of Nanoscale Science and Engineering at UAlbany , UAlbany's School of Business, the Lally School of Management and Technology at Rensselaer, and the Union Graduate College School of Management will host the competition.
A panel with15 experts in the fields of energy, finance and legal sectors will choose the top three business plans. The winner will receive $10,000 in cash. The second-place finisher will win $5,000 while the third-place finisher will receive $2,000.