Baruch College’s Steven L. Newman Real Estate Institute is hosting the Rosen Family Foundation Entrepreneurship Case Study Competition until April.

This competition will give students the opportunity to develop creative ideas, collaborate with peers and network with judges and faculty members that are part of the industry.

“This will be the third time the contest is held,” Sara Hilska-Taylor, the administrative coordinator of The Steven L. Newman Real Estate Institute, told The Ticker in an email. “It was in-person in 2019, skipped in 2020 due to the pandemic and we had a virtual one in 2021. We’re hoping it will be back to in-person this year.”

The competition is open to undergraduate and graduate students who are enrolled at Baruch and CUNY. Students should form a team of three to five people and submit their pitch books and executive summaries by the end of the day on April 15. Out of all submissions, five teams will be chosen to present on Zoom on April 29.

“The contest is about students as a team pitching an investment proposal of a company with a focus on real estate to a group of judges as if they were actual investors,” Hilska-Taylor said. “The contest allows students to prepare the material and pitch needed to form a business proposal for their start-up ideas. It is really good for students to get a sense of how to turn their ideas into business.”

The institute hopes that this competition will give students an experience to develop their real estate related start-up ideas, receive feedback on the next steps they should take and then hopefully put them on track to form an actual business.

These start-up ideas will relate to any part of real estate. Past ideas include an app that matches buyers with agents, a platform to collect commercial real estate property information and a lease guarantor company in New York City.

Up to $15,000 will be offered in cash prizes. First place winners will receive $8,000, second place winners will receive $5,000 and third place winners will receive $2,000.

The competition’s namesake, Robert A. Rosen, is an investor, manager and developer of shopping centers and industrial and commercial properties in the United States. He is also a member of the advisory board for the real estate institute. He graduated with a master of business administration degree from the Zicklin School of Business in 1960.

Following the results of this contest, there’s hope that winners of this contest find as much success as Rosen in their careers.