Business Plan Competition | FSAG

Do You Have The Next Big Idea?

The goal of New York State Business Plan Competition is to encourage student entrepreneurs to self-identify and provide them with tools and resources to develop their fledgling ventures. All will receive entrepreneurial development support; up to twelve will receive cash awards and the opportunity to compete for larger prizes at the statewide level. Students compete at the Campus finals level for an opportunity to advance to the Long Island Regional Competition where they compete against students from NYIT, SUNY Old Westbury, Stony Brook University, and Hofstra.

2021 Competition

In the sixth year Farmingdale continues to participate in the Long Island Regional program as part of the New York State Business Plan Competition (NYSBPC). No Farmingdale State college student will be turned away.

AgTech & Food

Any idea, technology, process, product, and/or service that relates to agriculture, food

production or distribution or food waste

Examples: tea subscription box, crop management software, composting service, protein shakes,

craft beer or alcoholic beverages, food prep subscription boxes

Energy & Environment

Any idea, technology, process, product, and/or service, not included in any previous category,

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 crowdfunding service

Military & First Responder

Any idea, technology, process, product, and/or service,not included in any previous category,

that relates to the needs of utility workers, military, first responders, government applications or
transportation industry.

Examples: high temperature safety clothes, utility inspection software, drone technology, fleet

management and routing software

MedTech & Well-Being

Any idea, technology, process, product, and/or service, not included in any previous category,

that relates to biotech, sports, medical care or well-being, including mental health.

Examples: new method for testing pharmaceuticals, physical therapy massager, implant

technology, suicide prevention apps, skin care solution

Technology & Entertainment

Any idea, technology, process, product, and/or service, not included in any previous category,

that relates to consumer software/online platforms, cryptocurrency, entertainment, fintech, or
music.

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, software platform for salon management

Consumer Products & Services

Any idea, technology, process, product, and/or service, not included in any previous category, generally intended for use by individuals or households.
Examples: designer eyewear, custom vending machines, camera backpack, fashion subscription box, custom clothing design

Resources & Application

For additional resources please email Gabriella Czerw at czerwga@Farmingdale.edu.

FSAG: (Farmingdale Student Alumni Grant)

The Farmingdale State College Alumni Association has created an annual Farmingdale Student Alumni Grant (FSAG) to be awarded to a student for development of an entrepreneurial business plan. The goal is to provide a platform for entrepreneurial endeavors and professional growth for a deserving student while fostering a continued alumni connection with the student and their new business.
Students are required to submit a new business plan which will be presented to a panel of judges who will choose the winning plan. The winners will then be awarded the grant funding of $2000 to supplement the startup of their business. All currently enrolled students in the School of Business 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. Students need to submit an FSAG application for approval by the Dean of the School of Business.

Applications are due by Wednesday, April 1. The competition will take place on April 29th from 11a – 3p in Lupton T101.

Students will be notified of their time slot by the School of Business office when all applications have been submitted. The award will be presented to the winner in mid-May.

Notable items before you apply:

*Different rules apply to NYS Business Plan Competition.

All students that participate in FSAG must currently be enrolled as an undergraduate student of the Business Program from Farmingdale State College.
Students may not participate in more than 1 team.
Students may participate in both the NYS Business Plan Competition as well as FSAG.
Student ownership of the venture must be 100% Farmingdale student-owned.
Each team will have ten minutes to present their pitch followed by 5 minutes of Q and A.
You will be notified of your time slot for your presentations before the competition date.
1st place will receive a cash prize of $2,000.

Application for FSAG