FrontStreet Facility Solutions, a Long Island business that aims to support young entrepreneurs, is currently accepting applications for its New York Young Entrepreneur Challenge. Students and budding entrepreneurs between the ages of 17 to 22 that live in New York or are enrolled at an accredited university or college in New York are eligible to compete to win a $10,000 prize, mentorship, and additional support to start their own business.

Formerly known as the Long Island Young Entrepreneur Challenge, the competition expanded last year after partnering with Sprint and Capital One Bank. “We believe that supporting entrepreneurship and small business is an important step in yielding thriving local businesses that ultimately help to create jobs and strengthen local communities,” said Sue Kiesel, Business Banking and Senior Market Sales Executive at Capital One Bank. Last year’s winner in the student category was Jesse Tang, a marketing major from Stony Brook University. Tang used his cash prize and mentorship opportunity to open a make-your-own sushi restaurant in Astoria, Queens.

When asked what he thought of the challenge, Manhattanville sophomore and Management major Austin LaPointe said, “I think it’s really important for young entrepreneurs to enter into competitions like these. They’re an introduction to the cutthroat world of business.”

The deadline to enter the competition is February 28. The 2014 live pitch challenge will be hosted at the Sprint Executive Briefing Center in New York City on May 14.