Want to start a company?
Want to start a company? Have an idea for a startup? Cozad can help with funding, mentoring and taking your ideas to the next level.
The Cozad New Venture Competition (CNVC) is designed to encourage students to create new businesses. Teams are invited to create a venture around a topic of their choice.
The competition process offers teams assistance in the form of: mentors to help guide them through the phases of venture creation, workshops to help with idea validation, pitching skills, customer development, and more as well as and courses to enhance their skills and knowledge.
Teams who make it to the finals round of competition will have the opportunity to meet with venture capitalists, early stage investors and successful entrepreneurs who will serve as judges. The judges will determine finalists teams that will present their ventures at the finals event. This year, these teams will compete for nearly $200,000 in funding and in-kind prizes.
The co-founding team must consist of at least 30% University of Illinois at Urbana-Champaign students and the overall team should be at least 50% students (from any institution). Non-students may be members of the co-founding team and participate in planning the venture, but only Illinois students may present the plan and answer questions from the judges in all rounds. There is no limit to the number of teams that can enter the CNVC. Students can serve on multiple teams.
We have recently made some exciting changes to the competition:
- We have corporate sponsors this year focusing prizes on specific areas of innovation:
- AARP Foundation is offering a prize of $5,000 to fund the proposal that, in the opinion of the Foundation, best addresses, with respect to low-income (earning less than $40,000) seniors (50+), one or more of the following needs: (1) the need to access adequate and nutritious food, (2) the need to live safely, independently and comfortably in functional and affordable homes, (3) the need to increase and/or maintain income, (4) the need to enjoy the positive health outcomes of strong and sustaining social bonds. For more information on the Prize, see: www.aarpfoundationprize.org
- Edwin Moore Family Agriculture Innovation Prize: This prize will be awarded to the team with the best agricultural startup. The award honors the legacy of Edwin E. Moore (1924), who graduated from the University of Illinois College of Agriculture and began farming in Will County. Throughout his agricultural career, he and wife, Iva, used innovative farming practices for both crop production and livestock management. Two of their four children became farmers, Edwin and Thomas (1953, College of Agriculture), and continued use of innovative farm practices.
- Dr. Paul Magelli Innovation Prize: IllinoisVENTURES is pleased to award the Dr. Paul Magelli Innovation Prize to a Cozad finalist. The $10,000 Magelli Prize will be in the form of a direct or convertible equity investment in a startup team that has demonstrated its potential to grow and create significant value as an entrepreneurial venture.
- V. Dale Cozad Best Pitch Award: This prize honors the importance of effective presentation and communication skills in all business endeavors and will be awarded to the team with the best pitch at the finals event in April.
- Illinois Student Government Ignite Prize for Social Innovation: This prize will support a venture which is aiming to use business principles, innovative technologies, and human capitals or services to advance the condition of populations like the poor, the persecuted, the sick, and the marginalized.
- We offer additional mentoring (from alumni and community) for teams throughout the competition.
Office hours are ongoing. Email Stephanie Larson at email@example.com for an appointment.
November 29 | SocialFuse and Cozad Kickoff | 5:00-7:00pm | BIF Commons
January 23 | 5:00-7:00pm | SocialFuse | Krannert Lobby | RSVP required in order to pitch: tec.illinois.edu/socialfuse
February 4 | DEADLINE TO SUBMIT INTENT TO COMPETE
February 2 | 12:00-1:30pm | IP Clinic Kickoff | Siebel 2405 | RSVP appreciated | Lunch provided
February 7 | Deadline to Submit Executive Summary
February 13 | 5:00-7:00pm | MANDATORY Workshop #1 | Siebel 1404
February 27 | 5:00-7:00pm | MANDATORY Workshop #2 | Siebel 1404
March 13 | 5:00-7:00pm | MANDATORY Workshop #3 | Siebel 1404
April 5 | 5:00-8:00pm | Elevator Pitches | Greg Hall | Room to be Assigned (Deadline to submit signed waivers)
NOTE: Elevator Pitch lineups will
be announced via email right
before April 5.
April TBD | Chicago Mentoring Event
Tuesday, April 24 | 5:00 - 7:00pm | Kickoff and Networking Event
Wednesday, April 25 | 9:00am - 4:00pm | Showcase and Finals: Winners announced at awards ceremony
Welcome to the annual V. Dale Cozad New Venture Competition (CNVC), which was started in the year 2000. We appreciate your interest in participating in the competition, hosted by the Technology Entrepreneur Center (TEC) at the University of Illinois at Urbana-Champaign (Illinois).
Team members will be asked to sign a statement that they have read and understand the contents of the following Rule Book. Please read through it carefully, and let the TEC faculty/staff know if you have any questions regarding the contents herein.
TRALA is an intelligent practice app for musicians that listens to you play your real instrument and provides real-time feedback and motivation to help you learn twice as fast.
Anthony Griffin, Arthur Hoki, & Ishaan Sood
AUTONOMIC ENERGY SYSTEMS enables safe, long-lasting lithium-ion batteries by using thermoresponsive microcapsules.
Lucas Frye, Joey Varikooty, "Howie" Wei Yang, Tang An Yang, & Xiang Wen
AMBER AGRICULTURE is developing a wireless sensor that monitors crops stored in grain bins. The sensor will communicate important data directly to a smartphone app. Farmers can then use this data to assess the crop's value and make management decisions. The sensor measures carbon dioxide, organic compounds, temperature and humidity. These factors determine the grain's moisture content, and can help farmers know how best to control their dryers and fans to ensure proper moisture levels of their grain.
Hanze Ying, Yichen Yang, Garrett Chou, Manas Gosavi, and Yingfeng Yang
HPT: HINDERED POLYUREA TECHNOLOGY creates a low-cost, recyclable sacrificial polymer (polymers that can evaporate thermally). This is a cheaper, cleaner and safer material for semiconductors, orthopedic impants, and more.
Aadeel Akhtar and Patrick Slade
PSYONIC is creating highly advanced prosthetic hands at 10 times less cost to improve the lives of people with amputations worldwide. PSYONIC is co-founded by Aadeel Akhtar, PhD candidate in Neuroscience and Patrick Slade, junior in Mechanical Science & Engineering.
FLIPWORD is a device that allows you to passively learn a language while browsing the web. The simple chrome plugin selects key words on a webpage and converts them to the specified language, allowing you to learn that language easily and passively. Flipword is founded by Thomas Reese, a graduate student in Computer Science.
Adam Tilton and Prashant Mehta
RITHMIO is a data analytics software company with an analytics engine based on research originally funded by the US Air Force for missile guidance and satellite navigation applications. Our first product is a gesture recognition system for wearable devices.
Brett Jones, Rajinder Sodhi, and Kevin Karsch
LUMENOUS creates computer vision technology to make projection mapping easier, cheaper, and more powerful in advertising. Lumenous launched by three leading computer science PhD students with expertise and licensing history in computer vision technologies.
Nishana Ismail and Tim Deppen
SERVABO is a self-protection technology company dedicated to reducing the frequency of violent crime. From quickly and discreetly notifying friends of an emergency to providing enhanced safety measures, Servabo is here to keep you safe and secure.
Jim Langer and Welhua Zheng
SERIONIX is an advanced materials company developing high performance filtration technologies to remove toxic or unwanted chemicals from air and water. Serionix purification is differentiated by game-changing performance, well-defined selectivity for targeted chemicals, and potential for low-cost production.
Yi Chen, Aaron Wiener, Dave Tarvin, Rui Cai, and Jingrui Lu
EFFIMAX SOLAR is developing a more efficient Nano texturing technique for more solar cells that they will sell to photovoltaic manufacturing plants. They engineer products for solar manufacturers worldwide. Their patented silicon nanotexturing approach produces the industry's most powerful solar cells, and shortens a traditional 3-hour production process to just 5 minutes. Their aim is to reduce solar manufacturing costs and facilitate affordable solar power at the consumer level.
Zach Tratar, Rob Grzyb, and Jason Febery
CONTENDABLE is a platform for hosting and managing competitions in a unique community-based network which enables businesses to crowd source innovation.
Mathew Gornick and Ryan Matthews
ORANGEQC is a quality control company for the janitorial and food-service market. They work with contractors and offer them a software as a service (SaaS) web application to keep track of the quality of service as well as mobile device software to perform area inspections.
Adam Steele, Will Leinweber, and August Knecht
MERGE.FM is collaborative songwriting and music composition website based on audio tracks. This technology will allow millions of musicians to collaborate on songs together.
Paulius Elvikis, Jingyan Dong, and Deep Kishore
CANSIL developed their first product, the CanderPinch detection system. The CancerPinch diagnoses metastatic cancer cells within in-vitro tissue samples. CanSil leverages nano-fabrication techniques to make micro devices that detect cancer. These devices exploit the difference in mechanical properties between cancerous and healthy cells to make diagnoses faster and more reliably than existing techniques.
Adam Sawyer and Kurt Adair
SA MICROSYSTEMS goal is to provide universities and research laboratories with easy-to-use workstations for analyzing microfluidic devices. Sawyer and Adair predict that their device will be used primarily by individuals developing new microfluid projects related to blood testing and DNA analysis.
Dan Moorehead and Aaron Pollack
REALMWARE is developing a tool that can help build three-dimensional games, simulations and visualizations. Realmware Corporation, developer of the Visual 3D Game Engine, provides a full range of offshore and US-based software development services for 3D games, simulations, and virtual worlds. The underlying 3D engine for Visual3D Game Engine first began development in 2003, and with Visual3D's All-in-One Toolset beginning development in late 2005.
Michael Callahan, Thomas Coleman, David Osorio, and Bridget Ahern
AMBIENT CORPORATION developed the Audeo. The Audeo is a sensory device placed around the neck of an afflicted person. In operation, it intercepts the signals from the brain that control the vocal chords and the vocal tract. The speech can then either be output directly or used to control external devices, such as a motorized wheelchair.
Andrew Honegger and Andy Phillip
MICROLUTION INC is now a 24-employee company that designs and manufactures specialty machines that create tiny, high-precision parts on Chicago's northwest side. After several years of university level research beginning in the late 1990′s, Microlution officially incorporated in 2005 with a single 3-axis machine. Today, Microlution offers a full line of 3, 4, and 5-axis micro-milling machines, femtosecond laser machining platforms, and a micro lathe for turning applications.
Michael Philpott and Eric Hiller
FEATURE BASED COSTING SYSTEMS is a system and method for automatically estimating the optimized cost of a part during the course of design of the part on a computer-aided design (CAD) system by a designer. An estimate of optimized costs and cost reasoning is fed to the designer as an output display on an output device.
Myung Kim and Aaron Goldstein
KIM LABORATORIES INC is a privately held biotech company. It began operations in May 2003 at the University of Illinois at Urbana-Champaign (UIUC) focusing on the food safety market. Kim Laboratories is still the only company in the world who produces antibodies specific for Norovirus.
Bruce Flachsbart and Greg Moszgal
OPTOELECTRONIC ASSEMBLY is working to improve optoelectronic component manufacturing through the development of electronic components and is currently located in Longview, Illinois.
Julie Thompson and Larry Markoski
CHROMAX CHROMATOGRAPHY SOLUTIONS was started in 1998 by two chemistry students. The company developed chromatography devices, used by chemists in industry and academia for chemical analysis. The company was unable to produce many sales due to an expensive product and small market and they eventually shut down.
About how many teams compete in Cozad each year?
About how many teams compete in Cozad each year?
It varies from year to year, but normally we have between 75 and 125 teams compete each year.
When is my Intent to Compete due?
This year, your Intent to Compete is due on Sunday, February 4th at 11:59 p.m.
Do I need to have a developed company to compete in Cozad?
No you do not, you can enter with just an idea, but the teams that win usually work on their idea throughout the semester.
If I am a judge or sponsor and need a hotel room, where should I stay?
HOTEL RECOMMENDATIONS (all reservations need to be made by March 20th):
I Hotel and Convention Center, 217-819-5000
Champaign, IL 61820
Conference rate: TBD
Conference Code: TBD
What do I win if I win the Cozad New Venture Competition?
It varies from year to year, but we have given out cash prizes, coworking space, resources, counseling, consulting, and various other prizes to help get the company kickstarted.
What if someone steals my idea?
More often than not, a successful company is about the person, more than the idea. Someone else would not have the same passion, drive, or motivation that you have to start a company. Some of the most successful entrepreneurs are not afraid of sharing their idea, getting feedback, and changing their business model. Our advice is "Share to learn".
Is the Executive Summary round an elimination round?
No, there are no elimination rounds until the finals event.
Are there two rounds of pitching?
No, there is only 1 round of pitches. Should you make it to the finals there will be one more pitch.
When is the Cozad Showcase and Finals?
It is on Wednesday, April 25th throughout the day.
Can international students participate in Cozad?
Yes, international students can participate in Cozad. However, it is recommended you speak to International Student and Scholar Services (ISSS). Contact: Stephanie Dvorachek firstname.lastname@example.org.
I am having trouble putting together my final materials. Is there a document to follow?
Yes, you can find guidance here!
About V. Dale Cozad
Dale Cozad was also one of the entrepreneurs who founded Cozad Westchester Agricultural Asset Management, which to date has received $390 million in commitments from institutional agricultural investors.
In recognition of Dale’s great success, and of his long friendship with Peter Fox, Peter and his wife Kim have, through a generous endowment, established both the V. Dale Cozad Lecture Series in Entrepreneurship through the College of Commerce, and the Cozad New Venture Competition through the Technology Entrepreneur Center in the College of Engineering. These gifts, enhanced by family and friends of Dale Cozad, honor his memory, his hard work, dedication and entrepreneurial spirit.
Speaking of his father, Greg Cozad, now the president of Cozad Asset Management, recalls that “he was always an entrepreneur at heart, always looking for new financial services that would allow him to serve his clientele better. He was very competitive by nature and loved to encourage and assist young people in their career goals. The Lecture Series in Entrepreneurship and the Business Plan Competition are therefore fitting memorials to my dad, and an outstanding tribute to his legacy. They combine his business interest with his commitment to the University of Illinois."
Dale Cozad was a valued member of the Commerce Business Advisory Council from 1981 until his untimely death in 1993.