Cozad FAQ






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?

Intent to Compete is due on Tuesday, January 22nd, 2019 at 11:59 pm.

What is included in the Executive Summary?

  1. Title of Business/Concept         
  2. Team Leader Name       
  3. One Line Pitch  
  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?

Recommended Hotels: 

HOTEL RECOMMENDATIONS

I Hotel and Convention Center, 217-819-5000

Champaign, IL 61820

https://reservations.travelclick.com/15044?groupID=2294207

Conference rate:  $129/night

 

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, 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 one round of pitches. Should you make it to the finals there will be one more pitch.

When is the Cozad Showcase and Finals?

The Showcase and Finals Event typically take place in April of each year.

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! 

Technology Entrepreneur Center

The Grainger College of Engineering

351 Coordinated Science Lab, MC-228
1308 W. Main Street
Urbana, IL 61801
217-244-3124
tec@illinois.edu

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