Frequently Asked Questions

Frequently Asked Questions about the Cozad New Venture Challenge

If I participate, does TEC or the University get ownership of my startup's intellectual property (IP)?
No. The University and TEC do not receive the right to own your IP if you participate, or win funding or prizes, through the Cozad New Venture Challenge.

Do I need teammates to participate, or can I participate on my own?
Forming a team is not required. You may participate on your own.

Think your idea is too early for the Cozad New Venture Challenge?
All you need is an idea, and your idea can even change while participating in the Cozad New Venture Challenge. Prototypes aren't required. We'll help you accelerate your idea with mentoring and developing the skills you need to succeed.

Think your startup is too advanced for the Cozad New Venture Challenge?
You're in a good position to win serious funding by participating! And, you'll get to connect with investors and experienced entrepreneurs.

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 registration due?
Tuesday, January 31, 2023 by 11:59pm. 

Register

What do I win if I win the Cozad New Venture Challenge?
It varies from year to year, but we have given out large amounts of funding, co-working space, resources, counseling, consulting, and various other prizes to help kickstart your company. Check out the winning teams and what they won in 2022!

Who is eligible for the top prizes?
Participants in any track are eligible for top placement prizes such as Grand Prize, Second Place, and so forth.

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.