NY Business Plan Competition Awards Student Startups $500K (UPDATE)
As an embodiment of Governor Andrew Cuomo’s strategic vision creating unprecedented educational and entrepreneurial opportunities within New York State’s high-tech business ecosystem, SUNY, in conjunction with the SUNY College of Nanoscale Science and Engineering, University at Albany, and Syracuse University, will host the fifth annual New York Business Plan Competition at CNSE on Friday, April 25, 2014.
The New York Business Plan Competition will feature top entrepreneurs from across New York State to compete for more than $500,000 in cash and in-kind services. This year’s competition is the largest yet as it continues to grow, drawing interest from hundreds of student-led startups who are pitching their ventures at colleges and universities in ten regional competitions throughout New York State this spring.
Each team details their innovations in the areas that are driving 21st century progress, like clean energy, software development, mobile app development, social entrepreneurship, and health. National venture capitalists, angel investors, investment bankers, and seasoned entrepreneurs serve as judges and provide the student teams with real-world feedback.
The New York Business Plan Competition is the only leading collegiate business competition that is a regionally coordinated, collaborative statewide program representing over 55 colleges and universities, which sets it apart from all other competitions in the nation that may be less inclusive.
Since 2010, over 570 student teams from almost 60 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 2013 competition, more than $800,000 in cash and in-kind prizes have been awarded to student entrepreneurs in New York. For more information, jump to the official website for the 2014 New York Business Plan Competition.
On Friday, April 25, 2014, 560 students on 92 teams representing 36 colleges and universities from across New York State competed for networking and investment prizes in Albany, NY. Among the winners that were selected includes Glauconix, the grand prize winner of $100,000 cash and in-kind services. Glauconix is a startup consisting of SUNY College of Nanoscale Science and Engineering students students Feryan Ahmed, Colby Creedon, Rajan Kumar, and Karen Torrejon and is developing technology to create realistic eye tissue that may be used for drug screening, which could help prevent and treat glaucoma.
5 SUNY colleges and universities’ student startups placed are among 2014 state champions:
- Glauconix, SUNY College of Nanoscale Science and Engineering – $50,000 cash + $50,000 in-kind services
- Second Place – Hybridry, Broome Community College – $5,000 cash
- First Place – Glauconix, SUNY College of Nanoscale Science and Engineering
- Third Place – MosquitoesBeGone!, Stony Brook University – $1,500 cash
- Third Place – Titan Nanotech, SUNY College of Nanoscale Science and Engineering – $1,500 cash
- People’s Choice Award – NanoTechnostics Inc., Stony Brook University – $1,000 cash
- Rookie of the Year – EMVISS, University at Buffalo
- Third Place – Royal Meadery, SUNY Cobleskill – $1,500 cash
- Team Spirit Award – Batavia Loop Trail, Genesee Community College
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