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Isabella Bank Institute for Entrepreneurship

We are a dedicated institute for student entrepreneurs across campus and beyond. We aim to maximize your success by fostering your entrepreneurial mindset, promote inter-disciplinary collaboration and provide support for the creation and development of your new ventures. Jumpstart your ideas and get involved today!

Tune in for excitement!

Passion. Potential. Pitches. Don't miss any of the 2025 New Venture Challenge excitement.

Tune in Friday, April 11 at 1 p.m. for great ideas and fierce competition. Then, join the judges, mentors, spectators and teams as they see who is going home with thousands of dollars in venture financing. The awards broadcast begins at 6:30 p.m. and one team will walk away as the overall best venture. 

Start your entrepreneurial journey

Central Michigan University’s College of Business Administration is the home of the Isabella Bank Institute for Entrepreneurship and the first Department of Entrepreneurship in the state of Michigan. We are a student-centric hub where experiential, curricular, and external entrepreneurial opportunities intersect.

Our mission is to maximize student success by fostering a campus-wide entrepreneurial mindset that promotes inter-disciplinary collaboration and the creation of new ventures.

We aim to create innovative programming, boost cross-campus and ecosystem collaboration and provide a comprehensive mentoring program.

Our institute provides extracurricular opportunities and is open to all undergraduate and graduate CMU students.

Student opportunities

  • Meet experienced alumni, faculty, entrepreneurs, investors, and other business and political leaders.
  • Learn practical skills, innovative thinking, and connect with mentors and entrepreneurial resources.
  • Attend skill-building workshops and compete in pitch competitions and Hackathons.
  • Take part in special scholarship programs and travel experiences.
  • Pitch your venture at our signature New Venture Challenge event and compete for up to $20,000 in cash awards.

      Find your path

      Are you interested in becoming an entrepreneur?

      Every journey is unique. Explore the opportunities that interest you.

      Celebrating a career of teaching and serving others

      by Kurt Baringer
      Karl Smart holding his
      Karl Smart holding the 2022 Bob Cook Service Award

      Karl Smart served Central Michigan University and its College of Business Administration for more than 20 years in many capacities, including as a faculty member and department chair, interim associate dean, and university committee member. While these are just a few of his positions and responsibilities, in everything he’s done, Smart has brought innovation to campus, fostered connections amongst faculty and students, and created a culture of serving others.

      While he starts the next chapter of his story — retirement — the contributions he’s made to the university will have an impact long beyond his tenure.

      When Smart joined CMU in 2003, he helped shape the Isabella Bank Institute for Entrepreneurship and the Department of Entrepreneurship. He also played a part in establishing the New Venture Challenge, which continues to transform students’ lives today.

      As his career continued, Smart helped develop multiple degree pathways, including the general business major with an applied business communication concentration and the cybersecurity certificate. He was a pioneer of online education, helping lay the groundwork for online courses within CBA that would lead to greater knowledge accessibility for all.

      “One of the things I have loved most about CMU is the ability to be forward-thinking,” Smart said. “When we identified a need or an opportunity, we were able to take action. The result has been better programs and experiences for our students.”

      While Smart was a visionary, he also enjoyed rolling up his sleeves and getting to work. His proudest professional moment was when he was both teaching and serving as chair of the business information systems department. During this time, he found joy in the comradery of the faculty and in the collective progress toward new methods and ideologies.

      A master communicator, Smart’s ability to bring people together, combined with his reputation of kindness and respect, made him a key player in advancing everything from college curriculums and out-of-classroom learning opportunities to professional, positive working environments, and more.

      “I like working with people and I like being innovative,” he said. “Bringing people together to implement new things and further existing efforts has always been very rewarding to me.”

      Among his peers, Smart was known as a consistent supporter of college initiatives and experiential learning opportunities.

      “Karl was a thoughtful colleague, always raising his hand to serve his department, college, university and profession on several formal committees and projects year after year,” said CBA Dean Chris Moberg. “The countless unseen moments where he gave his time and effort are what have made him such a cherished member of CMU.”

      In retirement, Smart anticipates spending a lot of time with his seven grandchildren and giving back to his community.

      In a final nod to his impressive career, Smart recently received a thank you email from a former student who now owns a successful management consulting business. The student, enrolled in a leadership course Smart once taught, used the classroom materials to find his own success post-graduation.

      “You’re often unaware of the impact you have, and to hear from a student that you played a part in helping them succeed — that’s what it’s all about,” he said. “Giving back to students and helping them find their way is why we’re here.

      Questions?