
Start up
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.
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.
Are you interested in becoming an entrepreneur?
Every journey is unique. Explore the opportunities that interest you.
Central Michigan University President Bob Davies, noting it was his 27th day in office, said this morning in his opening report to the Board of Trustees that CMU is operating from a foundation of success and strength. He also acknowledged challenges, including increasing competition for students and the need to increase market share and expand recruitment efforts geographically.
"As we position CMU, as we continue to define ourselves, we must be bold … " Davies said. He said students must graduate with technical expertise as well as a background in the humanities, which fuel the skills employers seek.
Additionally, in citing a comment from a faculty member, Davies said, "We are central to the success of Michigan and that is how we will continue to position our university going forward."
Also in his opening remarks, he recognized several university accomplishments, including:
Davies also recognized:
Trustees also approved design and construction of the Chippewa Champions Alumni Center. The center will welcome alumni and guests to campus, provide student training opportunities, include office and meeting spaces, and become a key athletics facility.
The center, to be located at the north end zone of Kelly/Shorts Stadium, will be home to Advancement and Alumni Relations staff and CMU's football program. In addition, it will include sports medicine and strength and conditioning labs, as well as a nutrition and fueling station and a hydrotherapy center.
The labs will serve all of CMU's nearly 500 student-athletes and deliver state-of-the-art training experiences for students enrolled in The Herbert H. and Grace A. Dow College of Health Professions and the College of Medicine.
Facility costs, estimated at $32.5 million, will primarily be funded by Athletics, Alumni Relations, philanthropic support and the remaining one-time costs from university construction reserves. Future Athletics revenues include game guarantees from other universities the football team will play over the next decade, including Penn State, Alabama, Miami, Missouri and Louisiana State.
"This facility will be a multipurpose center used by students, alumni, community and businesses," said CMU Board Chair Bill Weideman. "This is a One CMU project — a continuing investment in our capital infrastructure."
Weideman said a significant amount of funding has already been secured, and none will come from operations, academic colleges or tuition dollars.
Provost Michael Gealt reported on 2017-18 university priorities and initiatives. The report highlights achievements such as:
The complete year-end report is available online.
In other matters, trustees received a clean, unmodified audit opinion — with the highest level of assurance — from CMU's external audit firm Plante Moran. The audit shows CMU had a $22 million net position increase that helped offset — but did not fully cover — a $36 million liability recorded for health care costs of the Michigan Public School Employees' Retirement System.
In other business, trustees approved:
The board also received a report showing external grant funding of faculty and student research increased to $17 million in the fiscal year that ended June 30, up from $13.6 million the previous year.
Explore special opportunities to learn new skills and travel the world.
Present your venture and win BIG at the New Venture Challenge.
Boost your entrepreneurial skills through our workshops, mentor meetups and pitch competitions.
Learn about the entrepreneurship makerspace on campus in Grawn Hall.
Present a 2-minute pitch at the Make-A-Pitch Competition and you could win prizes and bragging rights!
Connect with mentors and faculty who are here to support the next generation of CMU entrepreneurs.
Are you a CMU alum looking to support CMU student entrepreneurs? Learn how you can support or donate to the Entrepreneurship Institute.