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 student teams (1-4 members) present their ideas in front of their peers and judges (successful entrepreneurs, business professionals, institutional faculty) culminating in an awards ceremony where prizes will be awarded for 1st, 2nd & 3rd place as well as 6 specialty awards.
Prior to competition day, teams will upload a video (no longer than 10 minutes) to YouTube where a coach (successful entrepreneurs, business professionals, institutional faculty) will review it and provide feedback. Coaches will be matched with teams according to the subject of the business idea.
Video submission is mandatory for each team registered in the competition.
There is no cost to participate.
More details to follow.
Some examples of benefits to students are:
- Producing and persuasively presenting a credible business model (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
- Adding the experience to a college application and/or resume
- Opportunity to experience what their peers are developing outside of their own community
Interested in registering for this year’s event?
Join us, Thursday, May 24 from 8:00 am – 4:00 pm at Siena College for the 2018 NYS High School Business Model Competition! Siena College will be providing complimentary snacks and beverages throughout the day. Students can either bring lunch or dine at Lonnstrom Dining Hall on campus for $8.00.
We welcome all former participants and encourage new participants to experience the opportunity to express business ideas in an educationally competitive environment.
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
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)