Farmingdale State College Alumni Relations Office was awarded the 2013-14 National Educational Alumni Trust grant. The NEAT grant program was created to provide resources for a research or survey project that provides value to alumni relations. Funds are to be used in the development or implementation of a new or existing program that will enhance the alumni program’s mission.
FSC’s Alumni Relations Department would like to use the awarded grant monies to assist a graduating student with their entrepreneurial endeavor while furthering the recognition of the Alumni Association. The goal is to provide a platform for entrepreneurial development and professional growth for a deserving graduate while fostering a continued alumni connection with the student and their new business.
We would like to present this plan to the School of Business for review and possible implementation in the Spring Semester.
This project requires the submission of new business plans from graduating seniors with each plan being presented to and judged by a review committee. The judges will choose the best plan and the winner will then be awarded the grant funding of $2000 to supplement the startup of their business.
The program will be presented to students at the beginning of the spring semester. All graduating students are eligible and must present a thorough and comprehensive business plan. New business ideas are not restricted in any way and should be as creative as possible. Selection criteria will be based on idea development, financial planning, innovativeness, functionality, and presentation. Applications need to be submitted by March 3rd. A presentation schedule will be set up and the winner will be selected by April 28, 2014. Award money will be given at graduation.
Assessment and monitoring of the winning business plan will continue and additional funding to support the ongoing business may be available from the Alumni Association.
Preliminary selection committee:
Richard Lahn, Alumni Association Board of Directors
Dr. Richard Vogel, Dean, Farmingdale State College Business Department
Joe Egan, President, Alumni Association