NYS Business Plan Competition
The 2018 Long Island Regional NYS Business Plan Competition
Part of the New York Business Plan Competition
This Student Business Plan Competition encourages students to think "Shark Tank" and come up with their own Business Idea. Students will compete for funding. The NYS Business Plan Competition encourages students to think like entrepreneurs and provides them with tools and resources to develop their prospective businesses. This competition is open to students in all fields
Students may enter individually or in teams. The competition is for new, independent ventures in the ideation, startup, or early growth stages.
Background and Mission
As new centers of power emerge in the global economy, the capacity of our region and state to "grow our own" innovative products and services, startup companies and good quality jobs continues to gain in importance. Led by the European Union and the U.S., the top 20 nations in GDP now also include not only China, Japan, and Russia but also Brazil, Mexico, South Korea, Indonesia and Turkey. In addition to sustaining and enhancing our nation's leadership in science and engineering, one of the most critical factors in our success as a nation, state and region is fostering entrepreneurial talent. The goal of New York State Business Plan Competition and its regional affiliate, DARE (Dare to Risk Entrepreneurship) Long Island, 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. Dr. Jing Betty Feng has made herself available to answer any questions you may have on your Business Plan. (Fengj@farmingdale.edu, 631-420-2186)
In the fifth 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.
NYSBPC Industry Categories
- Social Entrepreneurship/Non-Profit
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, 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.
- Clean Tech
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.
- Advanced Tech
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.
Deadline to submit Application is February 9, 2018.
- Presentation Template
- Business Plan Outline
- Growthink Business Plan Guide
- Executive Summary
- Small Business Development Center Business Plan Guide
February 9, 2018 Deadline to submit Application
Feb 23, 2018 Bootcamps for competition
April 4, 2018- Farmingdale campus Finals
TBD - Long Island Regional Finals
- NYSBPC Long Island Regionals, April 1-2014
- NYSBPC Long Island Regionals, April 2-2015
- NYSBPC Long Island Regionals, April 7-2016
- NYSBPC Long Island Regionals, April 4-2017