Frequently Asked Questions

Frequently Asked Questions

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.

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?
This information will be updated early in 2022.

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.

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 2021!

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 Semi-Finals Round an elimination round?
Yes, this is an elimination round. However, everyone that presents at the Semi-Finals is eligible for in-kind prizes and other funding awards.

When do the Cozad Showcase, Semi-Finals, and Finals Events take place?
This information will be updated early in 2022.

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! 

If I am a judge or sponsor and need a hotel room, where should I stay?
This information will be updated early in 2022.

University of Illinois Simple Agreement for Future Equity (SAFE) Documents - These apply for those teams winning the top placement prizes.