College of Business and Innovation

COBI Business Innovation Competition

If you have a great business idea, this may be your chance to win up to $10,000 to help you establish your business. The College of Business and Innovation (COBI) invites The University of Toledo faculty, staff and students to participate in a business innovation competition detailing your unique business idea.

This competition reflects UT’s belief in innovative thinking and is intended to advance a creative culture of growth in all areas of the University.

The UT College of Business and Innovation is conducting the business plan competition and is providing prize money of:

First place: $10,000 - sponsored by O-I
Second place: $5,000 - sponsored by Hodge Fund, Chuck Hodge
Third place: $2,000 - sponsored by PNC Bank
Honorable mention: $500 - Sponsored by PNC Bank

COBI reserves the right to not provide a particular cash award if no qualified proposal is received. In addition to cash prizes, selected awardees may receive assistance in areas such as intellectual property and business consultation.

Rules, Regulations and Information

Click here to review the scoring form the judges will use during this competition.

Click here
to read the rules and regulations for the competition.

Click here for the list of questions that need to be completed for the submission of your idea.

There is a free workshop for those planning to enter the competition.  It will be offered on Wednesday, January 27, 2016 from noon to 1:00 p.m. in the PNC Entrepreneurship Lab, room 3100, Savage & Associates Complex for Business Learning and Engagement.

Entries must be submitted Monday, February 29, 2016.

Finalists will be announced on Friday, March 25, 2016.

Finalists will make an oral presentation about their business using the business model canvas on April 13, 2016 between noon and 5:30 p.m. in the PNC Entrepreneurship Lab, room 3100, Savage & Associates Complex for Business Learning and Engagement.  For more information about the business model canvas, visit or

Winners will be announced Wednesday, April 20, 2016 at 12 Noon in the PNC Entrepreneurship Lab, room 3100 in the Savage and Associates Complex for Business Learning and Engagement.

Register for the COBI Business Innovation Competition

Questions or comments on the competition can be directed to:

Dr. Sonny Ariss - Management Department Chair
Last Updated: 11/18/15