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Business Idea Competition

Cayuga Community College will host a Business Idea Competition and an entrepreneurship mentoring program for all students at any of the 30 State University of New York (SUNY) community colleges this year, thanks to a $5,000 grant from the Coleman Foundation.

The competition is open to any SUNY community college student enrolled in a credit or credit-free (community education) course. The College will award $2,750 in prizes to the winning ideas:

  • $1,250 First Prize
  • $750 Second Prize
  • $500 Third Prize
  • $250 Fourth Prize

All business entries must be received by January 31, 2013.

Entries are limited to two pages and must be submitted using the Business Idea Competition Application Form.

The form consists of the following sections:

  • Contact and School Information
  • Business Overview
  • Distinctive Characteristics
  • Target Market
  • Financial Estimates

Cayuga will run the competition through its SUNY Entrepreneurial Network to Grow Innovation and Entrepreneurship (ENGINE), a collaborative group of educators, non-profit agencies, and business people that support economic growth across the state. The College’s Phi Beta Lambda business club will coordinate the competition, with assistance from Professor and Faculty Advisor Amy Valente and Professor Paczkowski.

The College will host three workshops this fall for anyone interested in learning more about the competition, the necessary preparation to start a business, and what the two-page application form will entail.

For more information, contact Amy Valente at amy.valente@cayuga-cc.edu or 315-255-1792, ext. 2419.