
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.
Each year, the Central Michigan University College of Business Administration honors the best and the brightest alumni, faculty, staff and students for their individual accolades, how they serve those around them and their dedication to the university.
From all-star students and inspiring faculty to alumni who have made impacts across the globe, this year’s Hall of Fame inductee and award winners put their educations and backgrounds to work in countless positive ways. They were honored during the college’s annual Hall of Fame and Awards Celebration April 18.
From Detroit to Switzerland, Enrico (Rico) DiGirolamo’s life and vast business career have taken him around the world.
DiGirolamo is the lead independent director for the Board of Coherent, a $10 billion public company where he serves as chair of the ESG Committee and member of the Audit and STAR Committees.
For more than a decade, DiGirolamo has been a strong advocate and mentor for CMU. He has served since 2014 on the college’s Executive Roundtable Advisory Board and has been actively involved in teaching and mentoring students. He has taught the college’s capstone strategy course as an Executive-in-Residence participated in Dialogue Days and judged the New Venture Challenge. He delivered the university’s commencement address in 2015, where he earned an honorary doctorate.
DiGirolamo, who resides in Novi, Michigan with his wife Kathleen, is known for his ‘Rico-isms,’ of which one of his most popular is: “It’s good to have the answer to the question, but it’s better to have the answer to the right question.”
The CBA alumni awards honor graduates who have distinguished themselves in their business pursuits, given back to their communities and led by example. Meet this year’s winners:
From her time as a student, Chelsea Hurst was already giving back to CMU. While earning her information systems degree, she also served as an SAP Teaching Assistant. In her current role with Dow, she leads recruiting efforts, guiding students throughout their early career paths. She is also a passionate supporter of women in STEM, and is involved in numerous organizations both on and off campus.
“Chelsea not only leads recruiting at CMU, but she’s also been involved in many other activities,” said Steve Tracy, director of SAP University Alliance and an information systems faculty member. “She’s just been an incredible supporter of CMU and we couldn’t be prouder of her.”
In addition to putting the skills they learned at CMU to use in start-ups and their own companies, Stephen Wakeling and Erin Gendron have given back on campus, too. They started the Wakeling Gendron Entrepreneurial Scholars program this academic year which has served students with mentorship, professional skills, friendships and more.
“Stephen and Erin get deeply involved,” said Julie Messing, director of the Isabella Bank Institute for Entrepreneurship and an entrepreneurship faculty member. “They’re spending time with the students. They’re mentoring and coaching. They’re introducing the students to a plethora of resources that will help them regardless of the path they choose in life.”
Kristie Nystedt’s catchphrase, ‘make it happen,’ reflects her life and career trajectory. After earning her accounting degree and working in a variety of finance and accounting roles, she ‘hopped’ to the craft brew industry, becoming president of Raleigh Brewing Company and the first woman to own a brewery in North Carolina.
In addition to the brewery, she also established a full-service brewery equipment and parts supplier, and, most recently, a piping and production fabrication company. She is also dedicated to giving back to CMU through supporting the New Venture Challenge and mentoring student organizations.
The student awards recognize current students who are committed to their studies and are on paths to excel in their future professional endeavors. Lexi Martens was named student of the year and the following students received an Outstanding Student Award:
Faculty awards are given to CBA faculty who go above and beyond in their teaching, mentorship and research, and in their commitment to the university. This year’s faculty award winners:
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.