In honor of the late Dr. Paul Magelli and his significant impact on the University of Illinois, IllinoisVENTURES is pleased to announce the Dr. Paul Magelli Innovation Investment Prize. The Magelli Innovation Prize is a $10,000 investment awarded to a Cozad New Venture Competition finalist that has demonstrated its potential to grow and create significant value as an entrepreneurial venture. As a driving force for entrepreneurship, throughout the University, Dr. Magelli had an immeasurable impact on launching startups and student careers for over 20 years.
During his time at the University, Dr. Magelli founded Illinois Business Consulting, the largest student-run management consulting organization in the country; helped establish the Academy for Entrepreneurial Leadership; served as a senior director at the College of Business; taught entrepreneurship in the College of Business, just to name a few of his innumerable contributions and accomplishments.
Dr. Magelli touched the lives of all people he came in contact with, and treated everyone with kindness and compassion. It is with great honor that we name this Prize in his memory.