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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.
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.
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.”
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.
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.
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.”
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.
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.