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Competitive Opportunities for Student Entrepreneurs.
The SCTE helps student teams perfect their business plans, models and presentations for entry into local, regional and national business plan funding competitions. Rensselaer undergraduates and graduate students have participated and won funding in a variety of entrepreneurial business competitions.
Eship.0 Identify a Problem
Take a road trip to an industry conference or trade show to identify some problems facing today's industry. The Eship@RPI team will identify a promising industry conference, teach you some quick tips on how to strike up a conversation with conference-goers that will yield an industry problem and even help you navigate the show once there.
Think of how good your resume will look when you add a conference to it!
Due to the ongoing concern for our students' health and safety during the COVID-19 pandemic, we will not be scheduling any trips to industry tradeshows during the 2020-2021 academic year.
Eship.1 Problem Pitch Competition
Identifying problems is the first step towards being a change-maker. Before you can fix something, you need to understand the issue. With a chance to win one of several $500 prizes, this competition will allow you to choose an "unsolvable" problem and explain why it has not been solved yet.
NO SOLUTIONS ALLOWED!
Open to all students.
Can't think of a problem? Attend the Find a Problem online pop-up session at 6:00PM February 3 here.
Or consult the Books of Problems we're compiling for you to adopt one and enter this competition or the Eship.2 competition.
Book of Problems F17
Book of Problems Sp/Su18
Book of Problems F18#1 & #2
Book of Problems Sp19
Eship.2 Solutions Competition / aka Change the World Challenge
A bi-annual contest to develop innovative ideas with the potential of changing the world. Open to all current Rensselaer students. Up to $10,000 in prizes are distributed each semester.
The Solutions competition provides a unique opportunity for students of all disciplines to form teams and develop their unique ideas into a viable business concept. This is a hands-on experience in which students perform customer discovery to better understand the problem they are solving. Top teams are awarded $1,000 each and become eligible for the Best of the Best prize of $5,000 at the end of the year.
This competition is funded by Rensselaer alumnus, business and social entrepreneur, Sean O'Sullivan '85.
2020 COMPETITION DATES TO REMEMBER
Feb 24 6:00PM
What does it take to win $6000? Introduction to the competition
Pop-Up: Who is going to buy this thing?
Mar 3 6:00PM
Pop-Up: Talking to customers
Teams conduct customer interviews on their own time.
Mar 17 6:00PM
Pop-Up: Pitching to Win
|Mar 22 8:00AM||Submit to compete|
Mar 24 6:00PM
Live Pitch Night
The revised rubric in which teams will be judged can be found here.
Rensselaer Business Model Competition
The goal for the Rensselaer Business Model Competition is not only to provide teams with prizes of cash and in-kind services, but also to provide student entrepreneurs with the opportunity to improve their business through workshops, customer interviews, coaching, feedback and live practice sessions in preparation for the myriad of competition opportunities held annually each spring across the nation and globally.
This competition has been reformatted to accomodate online live team pitches.
Spring 2021 Competition Dates to Remember
Unfamiliar with the business model canvas?
Coaching and submission reviews are available to all teams. Email firstname.lastname@example.org to learn how.
Preparing your submission
Business Model Canvas writeable and exportable
Apr 5 by 8:00AM
|Entry form submission deadline||What is the Business Model Canvas (2:20)|
Week of Apr 12
Required team coaching sessions
|Nine Components of the Business Model Canvas|
|Apr 21 AT 4:00PM||Live online competition and judging|
- This competition is open to graduate and undergraduate students only.
- Each team must be made of at least half RPI students.
- The business idea must be a student-born idea.
- Students must be enrolled for the academic year in which the competition takes place.
- Students may not participate on more than 1 team each year of the competition.
- RPI students must play an integral role in each team.
- The presentation must be delivered by RPI student(s).
- If the competition is split into graduate and undergraduate tracks, teams must enter in the division dictated by the highest education level of all the team members. This decision will be made after all submissions are received.
- Plans can be for a product, service, process or technique.
- The submission must be unique to the market.
- Your submission does not have to be technology-driven.
In any competition submission, you should describe your business idea without revealing any proprietary information. We don't want to know what your secret sauce is. Part of this process is learning how to write and present your idea in an intriguing manner without revealing your intellectual property.
Judges will consist of community members and alumni with varying backgrounds in entrepreneurship and business. Judges will provide the teams with feedback for fine-tuning and clarifying their business model and presentation for future competitions. The judges' scores will determine the winners. Judging rubric
Over $15,000 in cash and in-kind services will be awarded to top competitors. If awarded a monetary prize, the money will be distributed in increments based on achieved milestones. All prizes must be claimed within 12 months of the date of the competition or will be forfeited.
Vikash '98 and Vikram '02 Agrawal, Founders, eTransmedia; Vik Brothers Investment Fund; Levrx
Born in India, Vikash and Vikram, better known as “the Viks,” immigrated in the mid-90s to pursue graduate studies at Rensselaer. Their first venture together, Etransmedia, was a highly successful digital health software company which was founded while they were students and attracted the interest of a major hospital network in 2016 which acquired them. After the sale, the two were ready to pursue new opportunities in the digital health industry. That is when Levrx was born. This company is tackling the skyrocketing prices of prescription drugs by driving efficiency and maximizing savings for consumers.
Severino Center for Technological Entrepreneurship
The Paul J. ’69 and Kathleen M. Severino Center for Technological Entrepreneurship helps foster new generations of budding and successful entrepreneurs through outreach programs, education and support systems.
Class of '51 Entrepreneurship Fund
Annual awards for Rensselaer undergraduate and graduate students to encourage early development of entrepreneurial ideas. $5,000 in prizes.
Early development grants are awarded to the first ($2,500), second ($1,500) and third ($1,000) place individual or teams which are determined by the judges to best meet the award criteria.
New York State Business Plan Competition
State-wide competition with multiple tracks covering several industries. Open to college students across NYS. Occurs each year in April.
2020 Rensselaer Team Finalists: Dolphin Data, Intelligent Medicine, Vewr
2019 Rensselaer Team Finalists: Iconoclasm, Intelligent Medicine, DeadEye Technologies, Mobius Packaging Co.
2018 Rensselaer Team Finalist: IPPSec
2017 Rensselaer Team Finalist: Sanguine Diagnostics
2016 Rensselaer Team Grand Prize Winner: Dual:Lock
2016 Rensselaer Team Finalists: Nova; Guide; Bloom
2015 Rensselaer Team Finalists:
2014 Rensselaer Team Finalists: Resumazing, Adept Advancements
2013 Rensselaer Team Finalist: Vulcan Technologies
2012 Rensselaer Team Finalist: Adept Advancements
Nuvalence Builder Funds
Founded by Rensselaer alumni, Sinclair Schuller ’04 and Abe Sultan ’04, along with Rakesh Malhotra, Nuvalence empowers their clients with the skills, knowledge, and expertise needed to realize their digital platform and product ambitions.
Nuvalence knows Rensselaer has the best and brightest builders available and want to engage students across the campus and provide opportunities to develop platform & data-intensive experiences, preparing you for the type of employees Nuvalence will need.
Hardware and AWS Services requests
Spring 2021 deadline 2/19
Practical experience is resume gold. That is why Nuvalence is funding freshman and sophomore student requests for hardware and AWS services that will aid them in getting hands-on experience with AI technologies. Email requests and project summaries AS AN ATTACHMENT to: Hardwar.email@example.com. Nothing in the body of the email message will be seen. Only attachments. Attachments must contain contact information.
Summer Research Experience
Open to rising Juniors
Spring 2021 deadline 3/15
Nuvalence will fund a data-intensive research fellowship for a rising Junior to intern directly with Rensselaer data researchers.
Send your resume and cover letter AS AN ATTACHMENT to: Summer_.firstname.lastname@example.org. Nothing in the body of the email message will be seen. Only attachments. Attachments must contain contact information.
Spring 2021 deadline 4/26
Nuvalence wants to recognize the best builders at Rensselaer with a $$$ award. Think you have what they are looking for? Members of the Nuvalence team will judge all submissions.
Send your portfolio link and intro paragraph AS AN ATTACHMENT to Serial_.email@example.com. Nothing in the body of the email message will be seen. Only attachments. Attachments must contain contact information.
High School Business Plan Competition
Formerly hosted by the Rensselaer Lally School of Management, the 2015 competition (and all subsequent competitions thereafter) will be transitioned to a new host, the Center for Economic Growth. The competition provides an opportunity for teams of high school students to win prizes and exchange ideas in an intellectually vibrant environment.