Whitman’s Panasci Business Plan Competition Open for 2010

The Falcone Center for Entrepreneurship and the Department of Entrepreneurship and Emerging Enterprises (EEE) in the Whitman School of Management at Syracuse University announce a call for submissions for the 2010 Panasci Business Plan Competition. The competition accepts business plan ideas from students in any college at SU including SUNY-ESF, at both graduate and undergraduate levels.

The 2010 Panasci Business Plan Competition will take place from April 23-24, 2010. 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.

Throughout the spring semester, teams will work to write a comprehensive business plan. The EEE faculty 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.

Sixteen semi-finalist teams will present to a panel of expert judges on April 23, and finalists compete on April 24. To register, visit whitman.syr.edu/Centers/Falcone/Student/Panasci/Register.asp.

The “Intent to Compete” and the “Entrant Certification” forms are both due by January 1. Hard copies of the forms are available at the Falcone Center in the Whitman School, Suite 116. To learn more about the competition, visit whitman.syr.edu/Centers/Falcone/Student/Panasci/.

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