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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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In its last meeting of 2021, the Central Michigan University Board of Trustees received an update on the campus master plan, which outlines the future vision of CMU's Mount Pleasant campus.
Nick Long, vice president for finance and administrative services, and Jonathan Webb, associate vice president for facilities management, discussed an update to CMU's campus master plan. The current comprehensive campus master plan was developed in 2013 to support the university's mission, goals and values. With much of that plan complete, the university launched an update in March of this year.
The update includes five major components: an existing condition analysis, space utilization and benchmarking, future improvements, area development plans, and an implementation plan. Long and Webb outlined a recommended future vision for CMU's campus, including improvements to existing campus space, as well as developments and additions to academics, residential and student life, administrative, and athletics facilities.
"Much of this plan focuses on the appearance and walkability of campus," Webb said. "This effort culminated in a 10-year capital plan, so somewhere between now and 2030, we hope to complete these proposed projects."
The board also provided an update on the three-year assessment of President Bob Davies' leadership of CMU.
Board Chair Richard K. Studley discussed the process for the assessment, which included a survey based on the Presidential Leadership Profile developed ahead of the 2018 nationwide search for CMU's 15th president. The survey was sent to 385 individuals within the university community and its many stakeholders.
"We encourage, support and stand with the president throughout the year," he said. "Every year we do an annual evaluation, but the focus of the survey was to very intentionally reach out to a large and diverse cross-section of our community. We are genuine and sincere in our effort to listen and to learn, and the input from the entire university community has been very helpful and will be taken seriously."
The board has begun a preliminary review of the results, which Studley noted were favorable, and will continue to work to finalize the assessment over the next few weeks.
Trustees approved authorization for the board chair and members of the Board of Trustees Presidential Assessment Committee — with input from all board members — to finalize Davies' three-year assessment and establish compensation.
In other business, trustees approved:
Trustees concluded today's meeting by electing board officers for 2022. Studley was once again elected board chair, and Robert F. Wardrop II and Michael A. Sandler will remain in their positions as vice-chairs.
In his opening remarks, Davies once again acknowledged the university's enrollment challenges and reiterated the steps being taken to address them. Davies also noted current enrollment bright points.
"First-year applications for our main campus are up slightly and admissions are up nearly 12%, and applications and admissions are also up for first-time students interested in Global Campus programs," he said. "Our strategies are working, but it will take time to fully realize our enrollment goals."
Davies also acknowledged CMU's COVID-19 response efforts, which have been successful in keeping positive cases within the campus community low throughout the fall semester. He noted that university leadership is closely monitoring the omicron variant and that health and safety plans for the spring semester will be announced soon.
Davies also recognized several accomplishments and achievements from the fall semester:
Davies also acknowledged over 1,000 CMU alumni and donors who, on Giving Tuesday, helped the university set a new record for support on a day of giving. The goal was to raise $300,000 this year but was surpassed by more than $80,000, supporting scholarships and other important student support funds.
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.