New York State High School Business Model Competition
Our annual NYSHSBMC offers high school students an opportunity to showcase their business model in an educationally-competitive environment.
At this all day event held at Siena College in Albany, NY students present their ideas in front of their peers and judges (successful entrepreneurs, business men and women, institutional faculty) with the latter providing valuable feedback.
Students will gain:
practical entrepreneurial & communication skills
an understanding of what their peers are developing
an opportunity to improve their business model
This culminates in an awards ceremony at the end of the day where prizes and scholarships will be awarded.
For more information, please contact Ellyn ford at email@example.com
We adopted the Lean Startup Methodology therefore we are now known as the New York State High School Business Model Competition. Informational videos are posted below to guide you through the process.
The mission of the New York State High School Business Model Competition is to provide an opportunity for teams of entrepreneurial high school students to express ideas in an educationally competitive environment. Students will gain valuable skills such as, but not limited to, working as a team (1-4 students), communicating their ideas both written and verbal, receiving constructive feedback and broadening their horizons by interacting with peers outside of their own community. There is no cost to participate.
We welcome all former participants and encourage new participants to experience the opportunity to express business ideas in an educationally competitive environment.
Some examples of benefits to students are:
- Producing a credible business model and presenting your case persuasively (thereby significantly enhancing an ability to secure funding)
- Improving key transferable skills such as written and public speaking, collaboration, experience reacting to on the spot challenging questions
- Receiving support and critical independent analysis of their business model, access to potential mentors
- Opportunity to experience what their peers are developing outside of their own community
For information regarding the 2018 High School Business Model Competition, please contact Ellyn Ford at CEG.
2017 Competition Results
In 2017 the High School Business Model Competition, presented by the Center for Economic Growth and hosted by Siena College, saw a change in structure. Rather than hosting coaching sessions and presentations in one day, we shifted to virtual coaching sessions with a focus on presentations on competition day. We also hosted various workshops to support the Business Model Canvas concept.
We had 26 teams (60 students) participate from New York and New Jersey and 19 business men and women, entrepreneurs, and mentors volunteer as coaches and judges.
2017 NYS HS Business Model Competition Winners
*First Place Winner $1,000 – Magnet-O-Wear
Emma Willard, Troy, NY
This affordable product addresses treating muscle atrophy and abnormal muscle tone that can be a result of injury or existing condition, resulting in quicker recovery.
*Second Place $300 – I to I
Emma Willard, Troy, NY
A product to help the deaf and hearing communicate. This incorporates an app and a band that would be worn by the deaf person’s hand where the sign language movements would be translated into voice or text.
*Third Place $200 – Audio Alert
Bergen County Academies, Hackensack, NJ
Developed headphones, for music listeners on the go, that contain sensors to keep them safe as well as meeting the governments potential ban on headphone use in the street.
*Rising juniors from the first, second & third place teams are eligible to win the following scholarships: Rensselaer Polytechnic Institute (Troy, NY) Early Entrepreneur Scholarship ( $40,000 (1 available) Siena College (Albany, NY) $20,000 (2 available)
Helpful Information & Resources:
Let’s Talk About the Canvas Pt 1: Value Proposition, customer segments & customer archetype
Let’s Talk About the Canvas Pt 2: Channels & customer relationships
Let’s Talk About the Canvas Pt 3: Key activities, partners & resources
Let’s Talk About the Canvas Pt 4: Revenue & expense