On January 14th, 2016, 24 Virtual Enterprise firms, representing each of the five boroughs, braced the early morning cold fronts to attend the New York Citywide Business Plan Competition, hosted at the United Federation of Teachers. Each firm had 10 minutes to pitch their company to a panel of diverse judges for a chance to make it to the National Business Plan Competition.
The morning session of the competition was divided into two rounds, which included 10 minute presentations and the Q&A session. Each of the 24 firms presented to a panel of 6 industry professionals, alumni, and VE advisory board members, leading to eight finalist firms for the afternoon round. After an intense round of strong presentations, the top teams of the day were Brooklyn’s Sweet & Savory in first, Avant-garde Furnishings in second, and Concierge Ticket Brokers in third.
Top 3 Teams
|VEI Firm||High School
|Brooklyn's Sweet & Savory||Fort Hamilton High School
|Avant-garde Furnishings||Fort Hamilton High School
|Concierge Ticket Brokerage||New Dorp High School
|Inspire Athletics||Abraham Lincoln HS
|Infinite Investment Solutions||Academy of Finance & Enterprise
|ASAP||Academy of Finance & Enterprise
|Sac-A-Dos||Bronx HS of Business @Taft
|Brandmark Advertising||Edward R. Murrow HS
|Velocity International||Forest Hills HS
|Brooklyn's Sweet 'N Savory Catering||Fort Hamilton HS
|Avant-garde Furnishings||Fort Hamilton HS
|MatchWear||Francis Lewis HS
|ReImagin3D NuApps||Francis Lewis HS
|ImagiNation Inc.||HS of Arts, Imagination, & Inquiry
|Lucid Invenstment Financial Enterprise (LIFE)||HS of Econ & Finance
|FLY||HS of Fashion Industries
|Novus Solaris Imperium||In-Tech Academy
|Nyidea T-Squared||Jaqueline Kennedy Onassis HS
|SNAP||Manhattan Business Academy
|Concierge Ticket Brokerage||New Dorp HS
|PolyGlot Translations||New Dorp HS
|PR Catering||Port Richmond HS
|NYCycles||Queens Vocational HS
|Majestique||William Cullen Bryant HS
Thank You to Our Judges!
VEI would like to thank all the judges who contributed their time, talents, and effort to supporting our local VE student professionals.
Abby Bilanin, Geller & Company
Andrea Pfeil, Goeth-Institute NY
Angelo Scialfa III, Fox Run Group
Annie Herman, Journal-Dow Jones
Arpit Akruwala, VE Alumnus
Beth Grossmen, ACORD
Bonnie Manter, BBM Technologies
Bonnie Messing, Geller & Company
Charlotte Beyer, Principle Quest Foundation
Cindy VandenBosch, Turnstile Tours
Doug Young, Council for Economic Education
Eileen Monreale, American Institute of Marine Underwriters
Frank Chiarello, The Tower Group Companies
Gina Pol, VE Alumna
Jeff Rubin, Hub International
Joann Halpern, Goeth-Institute NY
Joshua Siegel, Georgetown Angels
Junior Manon, NYCDOE
Michael Mahoney, Mahoney Associates
Nan Donelon, Women in Hedge Funds
Norman Chester, Institute of Monagement Accountants
Renee Black, PricewaterhouseCooper
Richard Johnson, Halstead
Roberta Mittman, Center for Well Being
Scott Mitchell, Euro-Pen International
Sean James, former NFL Player, now Entrepreneur, Philanthropist, Educator
Susan Hirshmann, Morgan Stanley
Susan Miller, JSM Strategy Advisors
Solarity moves onto Nationals for the second year in a row
On January 17th, twenty-two VEI Firms attended the 2014 New York Citywide Business Plan Competition after separating themselves with stellar presentations from the pack of forty-eight firms in the Local Business Plan Competitions. In the morning of the Citywide Competition, all twenty-two teams presented twice at the United Federation of Teachers’ headquarters. The morning round atmosphere was abuzz with anticipation. Students and coordinators made some last minute preparations, psyched themselves up, and awaited their shots to showcase months of hard work and get closer to representing NYC at the National Business Plan Competition during the 2014 Youth Business Summit in April.
After seven semi-finalists were announced, the crowd reacted with excitement and disappointment, and the remaining teams headed to one of Deloitte’s offices for the championship round. The championship round was a nail-biter, but eventually the top three teams were chosen to move onto Nationals.
1st – Solarity (New Dorp HS)
2nd – Majestique (W.C. Bryant HS)
3rd – T-Squared (Jacqueline Kennedy Onassis HS)
Check out photos from the afternoon round to see the diverse range of industries and ideas on display.
Photos from Afternoon Round
- Footprint (W.C. Bryant HS)
- Imagination (HS for Arts, Imagination & Inquiry)
- Majestique (W.C. Bryant HS)
- Solarity (New Dorp HS)
- T-Squared (Jacqueline Kennedy Onassis HS)
- VE Law & Insurance (New Dorp HS)
- VReal Publications (Francis Lewis HS)
Photos from the Morning Round
Below is an interview with NYC Program Coordinator Nick Chapman regarding his view of the competition. VEI extends our deep appreciation to Deloitte, UFT, the judges, volunteers, students, coordinators, mentors, and staff for their commitment to helping shape the next generation of business leaders and the names of these exemplary people can be found at the bottom of this post.
Q&A with NYC Program Coordinator Nick Chapman
What were this year’s pleasant surprises?
It’s always wonderful to see the variety of firms presenting at the Citywide Competition. It was great to see the extraordinary level of competition.
In addition to Solarity’s accomplishment, I’m especially proud of T-Squared (Jacqueline Kennedy Onassis) and Majestique (WC Bryant), who will both be first time participants in the National Business Plan Competition.
How did this year’s competition compare to last year’s? How did it compare to the local competitions?
This was the strongest field of teams that I’ve seen in the Citywide. Many of the teams were in striking distance of the finals and I think it tells us a lot about the dedication and preparation of our students and teachers.
What advice do you have to the teams moving to Nationals?
Get as many people as possible to read your plan, watch your presentation, and provide feedback.
What advice do you have to teams who couldn’t make it?
Run your business! Make sales, get the word out, implement your plan! Start preparing for the upcoming International Trade Show.
What would you say to students who fell shy of making it but are seniors and won’t get another shot at this in a VE context? In other words, what do you hope they can take from the experience into college and beyond?
By making it to the Citywide, each of these 22 firms have already separated themselves from their competition. The experiences that these students gained in writing, preparing, and presenting their work will only serve to further set them apart from their peers after high school.
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