Applicants Sought for Technology Entrepreneurship Competition

By Jacqueline Molik Ghosen

BUFFALO, N.Y. -- Aspiring entrepreneurs are invited to learn more about the Henry A. Panasci Jr. Technology Entrepreneurship Competition at an information session to be held from 4:30 to 6 p.m. on Nov. 5 in 230 Jacobs Management Center on the UB North (Amherst) Campus.

The information session will kick off the 2008-09 Henry A. Panasci Jr. Technology Entrepreneurship Competition (Panasci TEC), which encourages graduate students from science and technology disciplines and MBA students to create viable businesses in Western New York.

The competition is open to any University at Buffalo undergraduate, graduate, doctoral or postdoctoral student, or UB alumni from any discipline who graduated in May 2004 or later.

Teams that enter the Panasci TEC will compete for $35,000 in start-up funding as well as in-kind business services to launch their businesses. The information session will provide advice on how to write a business plan, including the tools, techniques and resources needed. It also will feature a question-and-answer period and brief discussion with past Panasci TEC winners and competition administrators.

The Panasci TEC is funded with a $1 million endowment from the late Henry A. Panasci Jr., UB alumnus and former CEO of Fay’s Inc., and is sponsored by the UB School of Management and the UB Office of Science, Technology Transfer and Economic Outreach.

For more information, send an e-mail to jtramont@buffalo.edu or visit mgt.buffalo.edu/entrepreneurship/panasci.

The Wall Street Journal has ranked the UB School of Management No. 9 in the nation among schools with strong regional recruiting bases. In addition, BusinessWeek has ranked the school as one of the country's top 5 business schools for the fastest return on MBA investment, and Forbes cited it as one of the best business schools in the U.S. for the return on investment it provides MBA graduates. For more information about the UB School of Management, visit mgt.buffalo.edu.