Panasci Business Plan Competition
April 05, 2024

The Panasci Business Plan Competition is a campus-wide student business plan competition, hosted by the Falcone Center for Entrepreneurship, and made possible by long-time Whitman supporter, the late Henry A. Panasci, founder of Fay's Drugs.

Description
While there are many steps involved in translating great ideas into great businesses, a key step is the creation of a business plan. A business plan may address the uncertainties surrounding the many decisions you have to make about your businesses. It is a blueprint and a roadmap.

The Panasci Business Plan Competition is a campus-wide student business plan competition made possible by long-time Whitman supporter, the late Henry A. Panasci, founder of Fay's Drugs.

Competing gives collegiate entrepreneurs real-world experience to pitch their startups, enhance their business strategy and learn what it takes to launch a successful company.

The competition is open to students at Syracuse University. Applicants will write and submit a business plan for the chance to advance to the finals on April 5, 2024 With more than $40,000 in cash prizes, this competition is a great opportunity to compete for seed funding for your business (or idea).

Qualifications
Team leader must be a full-time or part-time matriculated student, undergraduate or graduate level, who is currently enrolled in and pursuing a degree program, and who is registered at Syracuse University or SUNY ESF. Other team members can be non-SU/ESF students or community members.
Ideas submitted as part of a team's new business venture must represent the original work of the team members.
If the new venture has already received funding from any outside sources (angel investors, other competitions, etc.), amounts, investors and dates of funding must be disclosed in the initial entry – funding must not exceed $100,000.
Prize money is granted only to the business entity that the winning team forms, e.g. a corporation or LLC.

Deadlines

November 3, 2023, Financials Bootcamp: 10 - 11:30 a.m. Whitman Room 116
We will help you craft a simple financial model for your idea. Free pizza will be served. For more information about this bootcamp email John Torrens jtorrens@syr.edu.

January 24, 2024, Information Session and Q&A: 7 p.m. via Zoom

February 10-11, 2024, EEE 458 Learn to Write a Business Plan: 2 day, 1 credit course

March 8, 2024 Financials Bootcamp: 10 - 11:30 a.m. Whitman Room 116
We will help you craft a simple financial model for your idea. Free pizza will be served. For more information about this bootcamp email Ken Walseben kpwalsle@syr.edu.

March 23, 2024, Deadline to Submit your Business Plan: 11:59 p.m. If you are ready to submit your business plan click here and follow the instructions.

April 5, 2024, 2:30-5:30 p.m. Panasci Business Plan Competition finals, First Floor of the Whitman Building.

Overview and Judging
The Panasci Business Plan Competition rewards both the innovativeness of the idea and the quality of the plan, including innovative thinking regarding new markets, products and services, coupled with the ability to strategize on how to make it happen.

Organizer
Syracuse University
Prize
1st Place: 20,000$
2nd Place: 7,500 $
3rd Place: 2,500 $
Fetner Prize in Sustainable Enterprise is $5,000 (which will be awarded to the most green and sustainable business idea)
Student CNY Business Start-Up Award ($3,000)
Carol Nulman Social Enterprise Award ($1,000)
Gilded Social Rising Entrepreneur Award ($5,000)