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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.
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Innovation. Digital disruption. To some people, they're little more than business buzzwords.
But for faculty and students in a new project that crosses department lines at Central Michigan University, they represent a new mission: to lead thinking for business worldwide.
Earlier this year, enterprise resource planning software company SAP selected Central and 10 other universities to serve as a Next-Gen Chapter. Additionally, CMU was designated as an SAP Next-Gen Lab.
As an industry leader, SAP's name often is used as a synonym for the ERP software that integrates an organization's accounting, purchasing, production, human resources and other business functions. CMU and other universities use SAP to teach business processes.
That may sound very technical. What it means is that CMU faculty and students from three departments — business information systems, computer science and engineering and technology — will share best practices for teaching SAP skills, developing curricula other universities can use and building partnerships with businesses.
CMU also will partner with business and industry leaders to work on projects that address United Nations Sustainable Development Goals. CMU will focus specifically on the goals for quality education; gender equality; and industry, innovation and infrastructure. The project will connect CMU with thousands of educational institutions in more than 100 countries, as well as with SAP's own innovation centers and thousands of its partner companies.
Stephen Tracy, director of the SAP University Alliance and faculty member in business information systems, said CMU is working on projects with companies such as Dow, Ford, General Motors and Consumers Energy. Interdisciplinary teams also have made site visits to companies such as Ford and Steelcase for innovation inspiration, brainstorming and project planning.
"The Next-Gen project is all about community outreach and engagement. We're involving our students in projects that matter," Tracy said. "The projects they complete will have real, lasting impact for our partner companies."
CMU has been a SAP partner for more than 20 years: In 1997, CMU was one of the first five SAP University Alliance programs to sign a partnership agreement with SAP. Dozens of CMU faculty have received SAP training, and more than 10,000 students have participated in SAP-related courses and activities.
CMU leads the nation in SAP TERP10 certifications: The SAP certificate is called TERP10, integrated business processes in ERP. Students from every department of the College of Business Administration have studied for and earned the certification, which often leads to higher initial salaries for graduates, Tracy said.
CMU students with SAP training are recruited for great jobs before they graduate: Dozens of employers send representatives to mentor and coach students in CMU's annual ERPsim Invitational Competition. The mentors work closely with students for months during training, and they come to the competition prepared to recruit students for jobs. Many students receive offers for internships or even full-time jobs on the floor during the competition or at the job fair the night before the event.
CMU students are global champions: A team of CMU students placed second in the world in the international ERPsim competition, beating previous international champions from countries such as China and Indonesia. CMU was the only U.S. team in the final round of competition.
CMU is educating new leaders: In addition to offering SAP-based courses, facilitating a student user group and hosting a two-week SAP certification academy, CMU is opening its doors to engage new learners. CMU hosts an annual ERPsim competition for high school students and is implementing new programs to encourage young women to get involved in information systems and computer science activities.
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.