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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.

      Dr. Carl Lee, a faculty member and pioneer in the fields of statistics and data science, has announced his retirement after an incredible 41-year journey at Central Michigan University (CMU). His passion for teaching, innovation, and helping students succeed has left a lasting legacy at CMU and beyond.

      From a small village to a big dream

      Dr. Lee’s story began in a small mountain village in Southern Taiwan, where his love for learning and drive to make a difference set him on an extraordinary path. After earning his undergraduate degree at National Taiwan University, he pursued advanced degrees in the United States, eventually earning his Ph.D. in Statistics from Iowa State University. In 1984, he accepted a faculty position at CMU, a decision that would shape his career and impact thousands of lives.

      “I always dreamed of becoming a professor,” Dr. Lee said. “CMU gave me the chance to not only teach but to innovate, research, and mentor, and I’m so grateful for the support I’ve had along the way.”

      Building a legacy at CMU

      Over the years, Dr. Lee took on many roles at CMU, helping shape the university’s approach to statistics, actuarial science, and data science. He was instrumental in creating several groundbreaking programs, including the Ph.D. in Statistics and Analytics and the Graduate Certificate in Data Mining. One of his proudest accomplishments was founding the Department of Statistics, Actuarial, and Data Sciences (STAD) in 2019.

      Beyond CMU, Dr. Lee made a mark on the wider field of statistics. He co-founded the Mid-Michigan Chapter of the American Statistical Association and started the National Undergraduate Statistics Project Competition, giving students a chance to shine in a national spotlight.

      Awards and impact

      Dr. Lee’s contributions have earned him numerous awards, including the prestigious Michigan Distinguished Professor Award and the Deborah and Franklin Tepper Haimo Distinguished Teaching Award. But for Dr. Lee, the real rewards came from seeing his students succeed.

      “Some of my favorite memories are of students defending their dissertations, landing great jobs, or coming back to tell me how much my teaching helped them,” he shared.

      One particularly inspiring story involved a student who started in an introductory statistics class and, with Dr. Lee’s guidance, went on to earn multiple degrees, build a successful career, and even pursue a PhD.

      Looking ahead

      As Dr. Lee steps into retirement, he’s excited about spending more time with family, traveling, and enjoying life at a slower pace. But he admits he’ll miss the “Aha!” moments in class and the thrill of mentoring students.

      “I hope my students learned that success isn’t about being perfect in everything—it’s about effort, planning, and perseverance,” he said. “I’m confident they’ll go on to do amazing things.”

      A heartfelt farewell

      Dr. Lee’s departure is bittersweet for the CMU community, which has benefited so much from his wisdom, vision, and dedication. His impact will be felt for years to come through the strong programs he built, the many students he mentored, and the countless lives he touched.

      As we say goodbye to one of our most cherished professors, we celebrate not just a remarkable career but a legacy that will continue to inspire.

      Source: Robert Wang

      Media Contact: Robert Wang

      Questions?