Local student winner in New Venture Competition

May 18, 2011

At the 11th Annual V. Dale Cozad New Venture Competition (CNVC) in April, 55 teams were competing in the preliminary stages at the University of Illinois. These were narrowed down to 18 semi-finalists, then six finalists at a weekend competition co-hosted by the Technology Entrepreneur Center (TEC) and the Academy for Entrepreneurial Leadership (AEL).

The Cozad New Venture Competition is designed to encourage students, researchers and community members to create new sustainable businesses in the Champaign-Urbana area. A Rockford native, Jason Febery, with one of the six teams, Effimax Solar, has been developing a more efficient Nano texturing technique for more solar cells that they will sell to photovoltaic manufacturing plants. In addition to tying for first, Effimax Solar also won the EnterpriseWorks Incubator Prize, which gives the team incubator space and resources for six months as a part of their Student Start-up Initiative. As part of the prize, Febery won more than $15,000 in cash and in-kind prizes for the new technology start-up he is working on.

From the May 18-24, 2011 issue

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