Rules and Eligibility - New York StartUP! 2016 Business Plan Competition
Rules and Eligibility
1. Entry Form Competition entrants must create an account and complete an on-line entry form in the New York StartUP! 2016 Business Plan Competition Review Room site to enter the Competition. (This competition will hereafter be known as “NY StartUP! 2016”).
2. Age All NY StartUP! 2016 applicants, whether individuals or members of a team, must be 18 years of age or older. Documentation may be required.
3. Location The business proposed in the NY StartUP! 2016 entry form must operate in Manhattan, The Bronx, or Staten Island.
4. Residency All individual applicants and team members must be legal residents or U.S. citizens. All individual applicants and/or team leaders must have a legal residence in Manhattan, The Bronx, or Staten Island. Documentation will be required of the finalists.
5. Start Ups Only All businesses must have ideas or business models in the start-up phase. Operating businesses that have earned more than $10,000 in revenue are not eligible to enter the competition.
6. For–Profit Businesses Only NY StartUP! 2016 is a business plan competition for for-profit businesses. Non-profits are not eligible to enter.
7. Individual and Team Entry NY StartUP! 2016 entrants may enter only once, either as an individual or as part of a team. If entering as a team, the team must appoint one individual as the team leader and main contact, and one other as the secondary contact. The team's entry form must list all individuals on the team.
8. Orientation Session. An individual entrant and at least one entrant from each team must attend ONE (1) of the NY StartUP! 2016 orientation sessions.
These sessions will cover competition rules, regulations, requirements; procedures for using ReviewRoom; important dates and deadlines; and the business plan judging process and criteria.
10. Entry forms must be submitted on the NY StartUP! 2016 site no later than midnight, Tuesday, January 12, 2016 at midnight.
9. Training Workshops. All eligible individual entrants and either the leader or secondary member of an eligible team are required to attend THREE (3) of FOUR (4) training workshops held during January – April 2016.
10. Meet with a business advisor. Each applicant must meet at least once with a business advisor during the competition. A list of advisor groups is posted on the website.
11. Deadline: Your Business Plan must be uploaded to the StartUP! Competition site no later than midnight on June 7, 2016.
12. Judging Criteria Applicants must read and become familiar with the Judging Criteria and Elements of a Business Plan template posted on this website.
13. Ineligibility. Employees or their family members from either The New York Public Library or the Citi Foundation are not eligible to enter NY StartUP! 2016 either individually or as any part of a team.
14. Finalists. Finalists will asked to provide their 2015 tax return and proof of residency.
15. Disbursement of Funds. Prize money will be awarded to each winner following the end of the competition. The winning NY StartUP! 2016 entrant or team will have sole responsibility for deciding how to allocate or otherwise use its prize proceeds.
Please note that the awards are taxable and that The New York Public Library must have each winner’s Social Security number before a check can be issued.
All decisions of the judges are final.
16. Confidentiality. By the submission of your Business Plan, you understand and agree that a short description of your Business Plan will be considered a “public summary” of your plan and may be used in public documentation related to the competition. The Library will provide a copy of your business plan to competition staff and judges, and will inform them that no additional copies are to be made.