Applications open until March 16 for $50,000 in prizes at the Panasci Business Plan Competition

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Applications are open until Wednesday, March 16 for the Martin J. Whitman School of Management’s Panasci Business Plan Competition for students at Syracuse University and SUNY-ESF.  Applicants are invited to submit a business plan for the chance to advance to the semi-finals and finals, held April 8-9. With more than $50,000 in cash prizes, this competition is a great opportunity to compete for seed funding for your business idea.

To enter the Panasci Business Plan Competition, please complete the “Intent to Compete” form by March 16, 2022.


  • 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 or SUNY ESF. Other team members can be non-SU/ESF 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.


  • Applications are due by midnight on Wednesday, March 16, 2022.
  • At least one member of each team must attend the competition’s orientation session on Friday, March 18, from 5:00 – 5:30 p.m., via Zoom. Details to follow.

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.

View the rules and regulations. 

The program was made possible by the late Henry A. Panasci, founder of Fay’s Drugs.