Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • Videos
  • Topics
    • Alumni
    • Events
    • Faculty
    • Library
    • Research
    • Students
    • All Topics
  • Contact
  • Submit
Business & Economy
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • Videos
  • Topics
    • Alumni
    • Events
    • Faculty
    • Library
    • Research
    • Students
    • All Topics
  • Contact
  • Submit
Business & Economy

Panasci Business Plan Competition Applications Due by Jan. 21

Sunday, January 10, 2016, By News Staff
Share
entrepreneurshipWhitman School of Management

panasciposterThe Falcone Center for Entrepreneurship and the Department of Entrepreneurship and Emerging Enterprises (EEE) in the Martin J. Whitman School of Management have announced a call for submissions for the 2016 Panasci Business Plan Competition. The competition accepts business plan ideas from graduate and undergraduate students in all schools and colleges at SU and SUNY-ESF. The two-day competition will take place April 15-16.

“Panasci is one of the premier campuswide business plan competitions in the country. It brings together some of Syracuse University’s best and brightest who have a unique idea and have done the hard work of putting together a thoughtful business plan,” says Terry Brown, executive director of the Falcone Center. “Over the past several years, the competition has become more intense as the quality and creativity of business ideas has significantly improved.”

On the first day of competition, 16 semi-finalist teams will be selected to present to a panel of expert judges. Five teams will advance and compete for the grand prize on the second day. The top three teams, chosen based on their plan’s potential for growth and attraction of outside financing, are awarded prizes of $20,000, $7,500 and $2,500 respectively.

Additional financing is awarded to teams deemed to have an idea with the greatest potential for positive impact on society and the natural environment (Fetner Prize in Sustainable Enterprise: $5,000); the idea that exhibits leading-edge technology and innovation (Goldberg Prize in Technology & Innovation: $2,500; the idea that best addresses low-income seniors (50+) on various nutritional, income and housing needs (AARP Foundation Prize: $5,000); and the idea that best embodies the spirit of invention and creativity, by proposing a consumer product that will significantly improve upon yesterday’s solution (Architectural Mailboxes Consumer Product Innovation Award: $5,000).

“My experience writing the business plan and pitching my business to potential investors was unequivocally the most valuable experience I’ve had at my time in school,” says Scott Friedberg ’14 BS, ’15 MS  and founder of Gilded Social. “If anyone is serious about starting a business, Panasci is a must.”

Throughout the spring semester, teams will work to write a comprehensive business plan. EEE faculty members will work with students to improve their business plans for the competition in a weekly business plan laboratory. The Falcone Center also offers special sessions with partnering accounting and law firms, providing financial presentations and critical guidance in areas such as intellectual property.

Golden Gear, created by Daniel Goldberg, is a previous winner of the Panasci asfasdfsdf

Golden Gear, created by Daniel Goldberg, is a previous winner of the Panasci Business Plan Competition.

To participate, intent to compete and entrant certification forms are both due by Jan. 21. Printed copies of the forms are available at the Falcone Center, Suite 116 in the Whitman School. Teams may also register online. An orientation to the competition will be held on Thursday, Jan. 21, at 7 p.m. in Whitman SOM Room 101 and is open to all students.

Notable winners of previous Panasci competitions include thriving businesses Dream Water, an all-natural liquid sleep supplement; Golden Gear, LLC and Rylaxing LLC, both named one of America’s Coolest College Start-ups by Inc. magazine; and ThunderCakes, a remote location bakery.

The Panasci competition is made possible by support from Henry A. Panasci, founder of Fay’s Drugs and former chairman of Cygnus Management Group, a venture capital and management consulting firm.

For more information, contact Lindsay Wickham, Falcone Center events and communications manager, at 315-443-3550 or lwickham@syr.edu.

  • Author

News Staff

  • Recent
  • Eight New Recruits Begin Campus Peace Officer Academy
    Thursday, May 19, 2022, By Christine Weber
  • Media Tip Sheet: Consequences of China Lockdown
    Thursday, May 19, 2022, By Vanessa Marquette
  • Dean Rajiv ‘Raj’ Dewan to Step Down as Dean of the School of Information Studies
    Thursday, May 19, 2022, By News Staff
  • 2022 Graduates Reflect on Service as Academic Coaches
    Thursday, May 19, 2022, By Ellen de Graffenreid
  • Funding Expands for Newhouse Professors’ Work on Technology to Combat Fake News
    Wednesday, May 18, 2022, By Wendy S. Loughlin

More In Business & Economy

Rabia Razzaq G’23 Wins 2022 Intelligence++ Inclusive Design Competition

Rabia Razzaq G’23, a multidisciplinary designer and graduate student in the College of Visual and Performing Arts, won the 2022 Intelligence++ Showcase Competition, held in the Whitman School of Management on April 26. The interdisciplinary competition—which encourages design and business…

Whitman School Receives STEM-Designation for Master’s in Professional Accounting Program

The Martin J. Whitman School of Management’s master’s in professional accounting program has received STEM-designation. The class of 2022 will be the first to graduate with this new STEM certification. “We have made notable innovations to our master’s in professional…

Whitman’s Full-Time MBA Program Achieves Highest U.S. News Ranking Since 1998

The Martin J. Whitman School of Management at Syracuse University is now ranked No. 57 in the nation for its full-time MBA program by U.S. News & World Report. This is the highest ranking for the Whitman School since 1998…

Stocks and Finance Immersion Offers A&S | Maxwell Students a Window Into Finance

When Jehan Muhialdain ’22 moved to the United States from Iraq five years ago, one of the major differences she noticed in her new country was the focus put on financial literacy and wealth management. She says living in Iraq,…

Applications Open for RvD iPrize and Hunter Brooks Watson Spirit of Entrepreneurship Competitions

The School of Information Studies (iSchool) with support from the Blackstone LaunchPad at Syracuse University Libraries (LaunchPad) are now accepting applications through March 15 for the Raymond von Dran (RvD) iPrize pitch competition and the Hunter Brooks Watson Spirit of…

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • Twitter
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
Social Media Directory

For the Media

Find an Expert Follow @SyracuseUNews
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • @SUCampus
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2022 Syracuse University News. All Rights Reserved.