I am reaching out to you with the Mohawk Valley (MV) regional dates for our 2023 New York Business Plan Competition (NYBPC). As you may remember, SUNY Poly now leads the regional portion of the New York Business Plan Competition (NYBPS) at our institution. I am the faculty member charged with coordinating this initiative for the MV REDC and for SUNY Poly.
You might want to include this general information in your syllabi for the spring semester.
For our region, we will switch to an in-person event given the easing of the pandemic. However, students are still required to submit recorded video pitches prior to the regional event. To help us with planning logistics, we will again use a registration form, separate from the submission form, as explained below. Please mark your calendars with the following dates:
- Sunday, February 19, 2023: Registration form deadline for the MV regional
- Sunday, March 12, 2023: Students must apply officially to the state-level NYBPC organization
- Tuesday, April 11, 2023: Video pitch submission deadline for the MV regional
- Friday, April 14, 2023: Students pitch in-person at SUNY Polytechnic Institute in Utica, NY
- Tuesday, April 18, 2023: MV winning students’ deadline to submit materials for the state finals
- Thursday, April 27, 2023: Winning students compete at state final in-person in Syracuse, NY
This scheme allows us to deliver the names of the regional winners to the state organizers by their deadline of April 14. Please see the linked NYBPC 2023 rulebook for dates and more information about the state-level competition. I wanted to get our dates out now to help you with your spring semester preparations. I plan to send you additional information including links to the registration and submission forms in January.
For an overview of the state-level competition structure, please see NYBPC.org.
Here are a few items to consider:
- NYBPC Classroom Integration: We will distribute a separate announcement to SUNY Poly (Utica site) students letting them know about the competition and giving them a brief overview of new venture modeling and business planning. For any students who contact us directly, we will suggest that they also contact their advisors. You might want to consider making this a mandatory assessment OR incentivizing students to participate by waiving some other assessment for all who fully participate or adding a few percentage points to course grades for all who fully participate.
- IP Assets: I am coordinating with the SUNY RF’s Tech Transfer group to arrange student access to the RF’s inventory of IP assets. Student teams may find these assets to be useful for their venture concepts. I will update you on this arrangement as details are developed.
- Coaching: Our local MV Small Business Development Center (MV SBDC) offers free business planning coaching to faculty and students. If you would like to engage our local SBDC for these services, please contact Mr. Zachary Steffen ZSteffen@mvcc.edu.
- Initial Registration Form: I am revising our regional registration form so that we have some advanced sense of the total number of student participants. I anticipate that this will be ready by January at the latest.
- Submission Form: The student submission form will open in late January. After the due date, the state organizers and I will have access to pitch decks and other information. The submission requirements include the following materials: Executive summary (one page); slide deck; video presentation (five to eight minutes maximum); and additional remarks to judges (1,500 characters maximum).
- Pitch Time: Students will have eight minutes maximum for their recorded pitches.
- Tracks: The competition is arranged in categories, called tracks, at both the regional and state levels of competition. This year, the tracks are as follows:
- Safety, Power & Mobility: Defense, Energy First Responder, Infrastructure, Mobility & Transportation
- Health & Wellbeing: Health IT, Life Science, Medtech, Wellbeing
- Food & Agtech: Agricultural Technology, Food Product, Food Service
- Learn, Work & Play: Education, Entertainment, Gaming, Media, Art
- Products & Hardware: Pitches that do not fit into other tracks
- Software & Services: Pitches that do not fit into other tracks
- Prizes: All regional winners will be recognized and eligible to participate at the state level. The top three winners will be awarded cash prizes.
Please let me know if you have any questions or need information about business planning. I will be in touch with additional updates as the program develops.
I wish all of you an outstanding 2023!
Professor of Technology Management
College of Business