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Frequently Asked Questions

Frequently Asked Questions

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 registration (intent to compete) due?
The registration deadline for the 2020-21 academic year is TBD.

What should I include in the Executive Summary?

  1. Title of Business/Concept
  2. Team Leader Name&nbsp
  3. One Line Pitch&nbsp
  4. Team: names, capabilities, objectives for each member.
  5. Project Summary: what’s the problem & how do you solve it? Current status of the project?
  6. Customer Segment: for whom are you creating value?
  7. Value Proposition: why would they buy?
  8. Target Market: size, growth, trends
  9. Competitors: how is the problem currently solved?
  10. Competitive Advantage: why would a customer choose your solution?

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?
NOTE: For the 2020-21 academic year, Cozad events will be held virtually.

What do I win if I win the Cozad New Venture Challenge?
It varies from year to year, but we have given out cash prizes, co-working space, resources, counseling, consulting, and various other prizes to help get the company kick-started. Check out the winning teams and what they won in 2019!

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.

When is the Cozad Showcase and Finals?
The Showcase and Finals Event for the 2020-21 academic year is TBD.

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: isss@illinois.edu 

I am having trouble putting together my final materials. Is there a document to follow?
Yes, you can find guidance here!