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Panasci Business Plan Competition

Panasci Business Plan 2022 Winners
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 14, 2023. With more than $40,000 in cash prizes, this competition is a great opportunity to compete for seed funding for your business (or idea).

Key dates:

  • Dec. 2, 2022, 7-8 p.m.: First info session, Q&A to learn about the competition and hear from past winning teams: Zoom link here.

  • Jan. 30, 2023, 7-8 p.m.: Second info session, Q&A to learn about the competition and hear from past winning teams: Zoom link here.

  • Jan. 31, 2023, midnight, submit your expression of interest (not compulsory to compete but useful to stay up to date). Link here.

  • Feb. 18/19, EEE458 weekend course to learn how to write a business plan (1 credit). Not a pre-requirement to compete, but useful to write a better business plan. For information about the course email Ken Walsleben at

  • March 26, 2023, deadline to submit your business plan to compete.

  • April 14, 2023, Panasci Business Plan Competition

How to write a business plan?


  • 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. Other team members can be non-SU 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.

  • If you do not have a team and are interested in collaborating with others (adding teammates with other skills) for the Panasci Business Plan Competition, send an email to Linda Dickerson Hartsock ( or Indaria Jones (, and they will get in touch with you.


  • Applications are due by midnight on Sunday, March 26, 2023.

  • At least one member of each team must attend the competition’s orientation session on Friday, March 18, from 5-5:30 p.m., via Zoom. Details to follow.

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.


Rules and Regulations 

View the rules and regulations of the annual competition.

Henry A. Panasci

The competition is made possible by Panasci’s entrepreneurial success and spirit.