North Country Regional Competition
North Country Regional Business Plan Competition
April 7, 2017
THE REGISTRATION DEADLINE IS MARCH 31st!
Since 2010, over 1,600 student teams from almost 75 of New York’s colleges and universities have pitched their ideas and ventures at the NYBPC. The winners are selected each year by esteemed judges, including venture capitalists, angel investors, investment bankers, other sophisticated public and private investors, and seasoned entrepreneurs. At the end of the 2016 competition, more than $1,800,000 in cash and in-kind prizes have been awarded to student entrepreneurs in New York.
The North Country Regional Business Plan Competition is a regional qualifier for the New York State competition; the top 2 teams in each category will advance to the state competition.
CATEGORIES AS DETERMINED BY NEW YORK STATE
Six different tracks, as decided by New York State, are available for student ventures for this year's competition; each team will have 10 minutes to present and 5 minutes for Q&A from the judges. The sample presentation guide shows the important information you should include and remember that the faculty at your school are great resources to help you work through many of these questions!
- 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 pair 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.
- 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 either be a Benefit corporation or be eligible for 501(c) status.
- Examples: Selling a good or service that raises awareness and donates a 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.
- Clean Technology
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 Technology
Any idea, technology, product, and/or service that related to materials science, life science, advanced hardware, semiconductors, optics, and/or electronics applications that are not applicable to Clean energy. These products and processes have been likely developed after years of laboratory research and have patent protection.
- Examples: High-performance skis coated with nanomaterials, 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.
CATEGORIES AS DETERMINED BY CLARKSON UNIVERSITY
Two different tracks, as decided by Clarkson University, are available for High School students and veteran ventures for this year's competition.
- High School
- The Reh Center for Entrepreneurship is pleased to announce the inclusion of a high school category in the North Country Business Plan Competition. Beginning in 2015, High School students became eligible to pitch at our regional event for the opportunity to win both cash prizes as well as scholarship money to Clarkson University. This category is open to any High School student that lives in the North Country Region. This track does not move on to the statewide competition.
- Transitioning Veterans
- ***NEW in 2017*** The Reh Center for Entrepreneurship is pleased to announce the inclusion of a Transitioning Veterans track in the North Country Business Plan Competition for transitioning Veterans who want to take their military transition to the next level. Clarkson is helping to provide growth and pitch coaching assistance prior to the competition, and post-competition assistance to encourage Transitioning Veterans to start-up and grow in the North Country. This track is only for service members that are transitioning out of the Armed Services and does not move on to the statewide competition.
In addition to their share of $20,000 in regional prizes, the top 2 winners in each of the four categories will advance to the New York State Business Plan Competition in Albany.
In each category, regional prizes awarded will be:
First Place - $2,000 and advances to the state competition in Albany
Second Place - $1,000 and advances to the state competition in Albany
Third Place - $500
The New York Business Plan Competition (NYBPC) reserves the right to withhold prize money and/or in-kind services from winning teams who do not comply with the eligibility requirements. In order to be eligible to apply for and participate in the NYBPC, all teams must meet the following criteria:
- Consist entirely of currently enrolled graduate and/or undergraduate students from accredited New York State colleges and universities
- A faculty or staff member is required to be listed as an advisor for the team; offering guidance, support, and technical expertise
- Students may not participate on more than 1 team each year of the competition
- Cumulative public and private capital raised may not exceed $100,000
- Student ownership of venture must be 100%
Students are invited to submit their registration for the competition by March 31.
Generous thanks to our sponsors who have made this event possible for the North Country Region! Please contact us if you are interested in sponsoring this exciting North Country Regional Event!