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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
Second place: $5,000
Third place: $2,000
Honorable mention: $500
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 for the list of questions that need to be completed for the submission of your idea.
There is a mandatory workshop for those planning to enter the competition. It will be offered on Thursday, November 14, 2013 and again on Tuesday, January 28, 2014 from noon to 1:30 p.m. in the PNC Entrepreneurship Lab, room 3100, Savage & Associates Complex for Business Learning and Engagement.
Entries must be submitted Friday, February 21, 2014.
Finalists will be announced on Friday, March 21, 2014.
Finalists will make an oral presentation about their business using the business model canvas on April 8, 2014 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 http://www.businessmodelgeneration.com/canvas or http://www.leancanvas.com.
Winners will be announced April 15, 2014 at 12 Noon in the PNC Entrepreneurship Lab, room 3100 in the Savage and Associates Complex for Business Learning and Engagement.
Questions or comments on the competition can be directed to:
Dr. Sonny Ariss - Management Department Chair