Panasci Business Plan Competition to be held April 13 and 14: Student Teams Compete for $50,000 in Cash Prizes


Sixteen student teams are competing for a chance to turn their business dreams into reality during the Panasci Business Plan Competition. During the two-day competition, sixteen semi-finalist teams will be chosen to present to a panel of expert judges and community leaders on the first day, April 13th from 1:30-5:00pm. The five finalist teams will then compete for the grand prizes on the second day, April 14th from 1:30-5:00pm.

The Falcone Center for Entrepreneurship and the Department of Entrepreneurship and Emerging Enterprises (EEE) in the Whitman School of Management are hosting the 2012 Panasci Business Plan Competition on April 13-14 at the Whitman School. The competition includes teams from all disciplines across campus at both the graduate and undergraduate levels. The competition is made possible through support from Henry A. Panasci, founder of Fay’s Drugs and former chairman of Cygnus Management Group, a venture capital and management consulting firm.

The top three teams in the competition are awarded prizes of $25,000, $10,000 and $5,000 respectively, based on potential for growth and the attraction of outside financing. The Fetner Prize in Sustainable Enterprise awards $5,000 to the team whose plan would have the greatest positive impact on society and the natural environment. A new prize named the Holtz Prize in Global Enterprise will award $5,000 to the team whose idea represents a positive global impact.

“Panasci is one of the premier cross-campus business plan competitions in the country,” notes assistant professor of entrepreneurial practice and competition mentor John Torrens. “This year’s semi-finalist teams represent some of the best and brightest from the many colleges here at Syracuse University who are looking to launch or grow their companies.”

Notable winners of previous Panasci competitions include thriving businesses Dream Water, an all-natural liquid sleep supplement which was presented on “Shark Tank” following their first-place win at the competition; Rylaxing LLC, named one of America’s Coolest College Start-ups by Inc. magazine and whose signature product is the Rylaxer; and Funk ‘n Waffles specialty café and music venue located in the South Crouse Alley of SU’s Marshall Street businesses.

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