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By Clay Ramel, Project Manager, Center for Economic Transformation
Smart vending machines in NYC taxis, intelligent clothes sizing applications, and real-time marketing analytics platforms: these are a few of the over 300 innovative ideas pitched by teams from over 60 countries in last year’s NYC Next Idea business plan competition.
Today, we’re kicking off the 2012-2013 cycle of the competition, which is even bigger and better. The contest is sponsored by NYCEDC in partnership with Columbia University’s Engineering School, with the goal of attracting groundbreaking startup companies to the City and showcasing talent from universities around the world. The fourth annual NYC Next Idea features both expanded eligibility requirements for bringing a wider array of teams, including US-based teams with international members, into the fold, as well as a unified pool for applicants.
Previous year’s judges have included Albert Wenger, Partner, Union Square Ventures; Noah J. Kroloff, Partner, NGN Capital; Alessandro Piol, Co-Founder & General Partner, Vedanta; and Brian Cohen, Chairman of the New York Angels. Finalists from prior years also had a chance to meet New York City Mayor Michael Bloomberg.
The competition is open to students and recent graduates. Teams must be between two and five members. For teams with two to three team members, at least one must be a non-US citizen. For teams with four to five team members, at least two must be non-US citizens.
This experience can help launch your business idea—as it has with Taxi Treats from Universidad de Buenos Aires and Stern Business School at NYU. Just months after winning the competition in March of 2012, the team is now in the process of further developing their operations in New York City.
We invite student teams from all over the world and across diverse fields to register now and share your Next Idea for New York City. Learn more about the competition and our new eligibility requirements to see if your team qualifies to participate.