News in Cortland NY

Cortland County Business Idea Competition

Have you ever had a great idea for a business idea or product? Would you like the chance to win $1,000 for the next big idea? The Cortland Downtown Partnership and the Cortland Center for Economic Education are proud to announce the fourth annual Cortland County Business Idea Competition as part of the developing programming of the downtown’s Cortland Business Innovation Center.

The competition is designed to inspire entrepreneurial ideas among Cortland County’s next generation of young professionals.  All Cortland County high school students along with SUNY Cortland and TC3 students are eligible and encouraged to submit their ideas to the competition. Students are invited to submit a one-page essay explaining their idea or product in no more than 1,000 words.  To successfully compete in the 2013 Local Business Idea Competition ideas should be innovative, unique, plausible and practical.

Top submissions will be invited to record a no more than three-minute video presentation on their product or idea and then answer questions from a panel. The best local idea decided upon by our panel of judges and potential investors will win $1,000!  One-page, no more than 1,000 words, essay entries are due by 3:00 p.m. on Friday, March 22 to adam@cortlanddowntown.com.  Please note that if you do not receive a reply confirming your submission within one business day contact Adam Megivern at the Cortland Downtown Partnership (607) 753-4928.

The competition is only one piece of the Cortland Business Innovation Center’s (CBIC) programming.   The CBIC, located at 40-42 Main Street, is encouraging entrepreneurial development in Cortland County by working with local partners to increase awareness of local resources and assisting to eliminate barriers to starting up a business.  On site low cost incubation space is available to aspiring entrepreneurs with shared services that include printing, phone and internet along with daily direct support from staff to assist in networking and troubleshooting.  Additional programming of the initiative includes a two semester full year SUNY Cortland Entrepreneurship class that prepares students to vett ideas, develop business plans and pitch their concepts to potential investors and an internship program that is assisting small businesses expand while providing invaluable experience to future entrepreneurs.

It is the intention of all the initiatives of the CBIC, like the Cortland County Business Competition, to retain and attract young professionals in our area. Given downtown’s heritage in commercial activity it should not surprise anyone that it is again the epicenter for the creative energy that is helping to develop new and innovative businesses.