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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.
The Central Michigan University Board of Trustees today was updated on successes of the past academic year and then approved major strategies and priorities for the current fiscal year.
President Bob Davies highlighted several achievements in his annual report to the board, including:
Davies addressed this year's priorities, led by efforts to increase enrollment. Along with investing in enhanced technology and launching CMU's new website, priorities include reimagining Global Campus, strengthening relationships internally and externally, and increased commitment to marketing and branding, as well. CMU also will continue its focus on increasing diversity, equity and inclusion universitywide.
Another priority, as outlined by Davies, is to hire CMU's next provost. CMU has selected search firm Greenwood/Asher & Associates to assist in the national search, and outreach to select the search committee is underway. The campus community will be invited to assist in development of the position profile for a provost to follow Mary C. Schutten, who announced her intention to step down effective Dec. 30.
Trustees also approved several capital projects, many focused on enhancing residential living on campus.
One of the approved projects authorizes the design of a proposed campus residential community project, Washington Commons, which will bring contemporary, independent-style living to campus. The new complex — to be located along Washington Street between the Towers and Preston Street — would replace Northwest Apartments and Kewadin Village. Both complexes are over 50 years old and regularly require significant maintenance.
"The Washington Commons project will reinvigorate Washington Street and the core of campus," said Nick Long, vice president for finance and administrative services. "This is an opportunity for students to enjoy independent-style living while still being integrated into campus life."
In addition, trustees approved $8.1 million for interior renovation of Cobb and Wheeler Halls, which will complete an update of the original Towers Complex. Carey Hall was updated in 2019; work on Troutman is underway and scheduled to be completed in April 2022. Construction on Cobb and Wheeler Halls will take place in 2022 and 2023.
Other approved capital projects include upgrades to floor-level, movable seating in McGuirk Arena, lighting in Bush Theatre, and turf on the baseball and softball fields.
In other business, Plante Moran, the university's external audit firm, presented the trustees with a clean, unmodified audit opinion — with the highest level of assurance. Trustees also approved nearly 750 students for graduation this past summer as well as emeritus rank for nine faculty and staff.
The board also received a report showing external grant funding of faculty and student research increased to nearly $17 million in the fiscal year that ended June 30, up from $14.2 million the previous year.
In his opening report to the board, Davies once again recognized the university's response to the COVID-19 pandemic and noted the university is entering a new phase.
"We are moving out of survival mode and back into engagement mode. We are reestablishing the robust and engaging life on campus that makes CMU such a unique place to learn, work and live," Davies said.
Along with highlighting several board agenda and discussion items, Davies also recognized:
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.