The New York City Regional Competition of the 2018 New York Business Plan Competition (NYBPC) will be held at the Long Island University Brooklyn Campus at 1 University Plaza, Brooklyn, NY on Sunday, April 15, 2018. Student teams from the New York City 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, Social Entrepreneurship/Non-Profit, Clean Technology, Advanced Technology, Products, and Services. For more detailed descriptions of these categories please see below.
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- SUNDAY, APRIL 15, 2018 | New York City Regional Competition @ LIU Brooklyn
- SUNDAY, APRIL 1, 2018 | Applications Due
- WEEK OF APRIL 9, 2018 | Practice Your Pitch Workshops
Each team will submit an application describing their business in 3 pages or less. The applications will be reviewed and a selection of teams will be invited to pitch on April 15, 2018. Each invited team will have 10 minutes to pitch, 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. Prizes will be awarded to the top two teams in each of the six categories. Last year's total prize value of the grand prize was estimated at $100,000 ($50,000 cash prize). Prizes included packages of professional services to help winning teams strengthen their business ideas and presentations for future challenges and development.
The two winning teams in each of the six categories from the New York City Regional Competition will advance to the final round of the NYBPC on Friday, May 4, 2018 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, Capital Region, Mid-Hudson, and Long Island.
- 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.
- 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.
- 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.
- 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.