The School of Business at the State University of New York at New Paltz and Campus Auxiliary Services, Inc. held its Business Plan Contest Presentation and Award Ceremony on May 8.
The six teams of students presented their business plans before a panel of judges consisting of local business leaders. The winning team researched and developed a plan for a consulting company that will assist hospitals in the Mid-Hudson Valley to assess the effectiveness and resulting profitability of their current electronic health record systems. The runner up team created a plan for a dedicated travel agency focused primarily on providing accommodations for people within the television industry in the New York Metropolitan area. Both teams were awarded scholarships.
“I am so proud of all our students who participated in this contest,” said Hadi Salavitabar, dean of the School of Business. “I am impressed with their ability to turn their ideas into practical and profitable business plans.”
The judges included: Christina Bark, Christina Bark & Associates; Melinda Beuf, Ulster County Office of Business Services; Steve Deutsch, Campus Auxiliary Services, Inc.; and Michael Smith, New Paltz Regional Chamber of Commerce.
Business sponsors include: Campus Auxiliary Services (CAS), Inc.; Sodexo; Hudson Valley Federal Credit Union; M&T Bank; Mid-Hudson Valley Federal Credit Union; Ulster Savings Bank; Central Hudson Gas & Electric Corporation; Rocking Horse Ranch Resort; TD Bank; Everton H. Henriques (’78, ’83g) & Jeannie Irvine (’78); Moncrief Associates; New Paltz Regional Chamber of Commerce; Jan Bell; and Mid-Hudson Small Business Development Center.
The following is the list of teams who entered the contest with an explanation of each team’s business plan project:
Medicon Services – A consulting company that assists hospitals in the Mid-Hudson Valley with assessing the effectiveness and resulting profitability of their current electronic health record systems.
Students: Kali Brockunier, Chaitali Gajjar, Erwann Gouat, Argelia Morales
Mentor: Chih-Yang Tsai & Ted Clark
Media Movers – A dedicated travel agency focused primarily on providing accommodations for people within the television industry in the New York Metropolitan area. Students: Eric Chanin, Dounia El Mejjad, Joshua Rosman, Gina Sarcona
Green Palette – The expansion of an existing company focused on creating and selling sustainable furniture which also provides consulting services in designing interiors with sustainable materials and eco-friendly methods.
Students: Shih-Hsien Ho, Philippe Hubau, Junxiao Jia, Miroslav Stufka
New Paltz Local Market – A company that combines a grocery store and caf which features local products, and provides consulting, packaging and bottling services to local farmers. Students: Yunus Caglar, Yunus Oktem, Sedat Sezer, Murat Uskuay
ProMak – A company that offers strategic renovation services to home sellers that are designed to increase the value of their home greater than or equal to the cost of the renovations. Students: Anthony Church, Ethan Kramer, Joseph Krug, Shilpa Oommen
Yogist – A personal development center in Istanbul, Turkey that will offer yoga, pilates and spa services. Students: Irem Kumralbas, Cihan Onal, Elif Sen, Yesim Uygur
SUNY New Paltz is an accredited member of AACSB International – the Association to Advance Collegiate School of Business, the highest achievement for an educational institution that awards business degrees. Less than 5% of the world’s 13,000 business programs have earned AACSB Accreditation. The School of Business offers Bachelor of Science degrees in accounting, finance, general business, international business, marketing, and management, as well as a Master in Business Administration (MBA) and an MBA in public accountancy. Currently, about 950 undergraduate and graduate students are enrolled in the business program. The School is committed to educating and developing students to be competent business professionals in a global economy.
For more information about the School of Business, visit www.newpaltz.edu/schoolofbusiness or call 845-257-2930.