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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.

      Getting back and giving back

      by Sanjna Jassi
      After decades of volunteer service, alums Mike and Pam Murray have contributed more than $500,000 to support Central Michigan University.

      One raised hand in a volunteer meeting can lead to a lifetime of service. One well-educated, mission-driven student can inspire positive change throughout a community.

      Those powerful ripple effects of commitment and caring are hallmarks of Central Michigan University's culture, and they've inspired one alumni couple to make gifts totaling more than $500,000 during the university's Fire Up for Excellence campaign.

      Mike Murray, a 1975 graduate of the business administration program, and Pam Murray, who earned a bachelor's degree in home economics in 1977 and a master's degree in management and supervision in 1983, have been coming back to campus to volunteer for decades.

      Now, they've made a planned gift that will support football and the Chippewas Champions Alumni Center and establish endowed awards in the colleges of medicine and business administration.

      Bob Martin, vice president of advancement at CMU, said the programs the Murrays have chosen to support are critical areas for student success and alumni engagement. "CMU Chippewas will feel the impact of their giving for generations to come."

      Open doors to involvement

      Mike said there was very little business alumni involvement during his time as a CMU student. His cohort was among the first large classes to graduate, and there simply weren't many alumni who could return to campus.

      As a result, Mike didn't have much connection with professionals in his chosen field — he was hungry for a mentor who never materialized.

      When he returned to CMU years later as a campus recruiter, he saw a chance to satisfy that same hunger for guidance in the students he interviewed.

       

      "It really hit home for me that I could be the role model I never had in school," he said.

      “Working with those students, you could really see the transformative power of education.” — Mike Murray

      As a student, Pam felt she had been extremely involved on campus. She worked in residence halls and the University Center and sold concessions at athletic events.

      Yet as an alum, she realized how much she'd missed: She never attended a student professional organization meeting or tried anything too far outside her comfort zone.

      "It's what drives me now. I want to make sure current students know about all of the opportunities open to them, whether it's internships, Study Abroad, student professional organizations or volunteering."

      She volunteered for the CMU alumni chapter in Detroit, developed her own professional and social network, and began connecting with students.

      One good turn deserves another

      Over the years, the Murrays each held a number of roles on CMU volunteer boards.

      Both are former members of the CMU President's Grand Rapids Area Advisory Board and the New Vision of Excellence campaign committee. Pam served on the Women's Connection Grand Rapids Advisory Board and is an emerita Alumni Board member. Mike is a current member of CMU's Advancement Board.

      The Murrays have mentored dozens of students through the College of Business Administration's Dialogue Days. They've stayed in touch with many of them, following their careers over time, and continuing to offer advice and guidance.

      "When I tell my story, they are so eager to learn from me. They want to know what I do and absorb what I have to share," Pam said.

      The most efficient way to change the world

      The Murrays saw how their education had equipped them to solve problems and make a difference.

      "Many of the problems we face today are driven by a lack of knowledge or understanding. If our gift enables a student to achieve a level of education that, in turn, allows them to go out and make positive changes in the community, that's a very effective way to address a broad range of issues," Mike said.

      The couple hopes their giving will inspire others to share their own time, talent and treasure to increase support for CMU.

      "We see ourselves reflected in the students. We could see how much they wanted to achieve and accomplish and remembered feeling those same things," Mike said. "Working with those students, you could really see the transformative power of education."

      Questions?