The Kaylie Prize in Entrepreneurship
CCNY students come from backgrounds with unmatched diversity and have demonstrated world beating results time and time again, with distinguished alumni like Andy Grove, Harvey Kaylie, Irwin Zahn and Aziz Ahmad creating their own companies and defining products and success on their own terms.
The Kaylie Prize in Entrepreneurship embraces the success of our alumni and catalyzes the ambitions of current CCNY students toward their own enterprises. The competition will leverage the newly formed Entrepreneurship Program and InnoLab to provide the brightest CCNY students with unprecedented freedom and agency towards the realization of astounding goals.
Structure of the Competition
Interested students will submit an idea with a team of no more than five students, including one engineer and at least two different disciplines. The deadline for submissions is 12/2/2011.
Five semifinalist teams will be notified by 12/21/2011. These students will receive a prize, and enroll in a design course where they will develop a pre-alpha prototype of their product and a business plan describing the value of this product. The students will demo the devices and explain the business model at a gala event on 4/27/2012.
The judging panel will consist of established entrepreneurs, venture capitalists, and IP lawyers to determine the novelty and impact of the product.
The Kaylie Prize winners will have 24/7 access to the InnoLab, the brand new CCNY Physical Entrepreneurship Lab, sponsored by Irwin Zahn (ME '48).
A lecture series on entrepreneurship, beginning in the fall, will help to provide guidance for the student competition. Visiting professionals with expertise in investing, management, design, production, and intellectual property will give seminars, which, in their entirety, will cover the most important aspects of a business plan. City College will fund this lecture series with generous support from Aziz Ahmad, CEO of UTC Associates (EE '82).