IBIE Spring 2023 Program Update

Isabella Bank Institute for Entrepreneurship

PROGRAM UPDATE Spring 2023

INSIDE THIS ISSUE 1. Upcoming Spring Events 2. Make-A-Pitch 3. Student Entrepreneur Spotlights

WANT TO BE INVOLVED? CONTACT US! Grawn 166 | (989) 774-3920 | nvc@cmich.edu

UPCOMING EVENTS Spring 2023 FEB

Hackathon Reimagine

24-25 Grawn Hall | Friday 5:00 pm – Saturday 6:00 pm Compete in teams during a 24-hour event of problem-solving madness. Showcase your solution to a panel of judges and your team could win cash prizes!

Registration opens January 10. Individuals and groups can register. Individuals will be placed within a team.

APR 7

APR 11

MAR Mini Skillbuilder 3 Grawn 166 | Friday, 10:00 am - 12:00pm Topic: Building a Three-Year Financial Forecast How to Present Financial at NVC (building visually appealing financial slides).

Venture Challenge: ! New Intent to Compete Form Closes DEADLINE EXTENDED: Tuesday, March 14 at 11:59 PM

MAR NVC Bootcamp: Networking 23 Courtyard by Marriott Hotel| 5:30 pm - 8:00 pm Join NVC mentors, students, and IBIE staff for a night of networking and connection building. Get to know other NVC participants and the mentors who are here to help you on your new venture journey!

MAR 24

NVC Bootcamp: Workshop Modules Grawn 150G | 10:30 am - 4:00 pm

Join mentors and entrepreneurship faculty and staff as we work with you to build and plan out your venture.

Students who are interested in participating in The New Venture Challenge are encouraged to attend.

All students are welcome.

MAR 27

Bring It Together Workshop Grawn 166 | 5:00 pm - 8:00 pm

Attend a session to work on your venture display for NVC Gallery Showcase. Craft supplies and tools will be provided, please bring any materials you wish to use for your venture display.

Mentor Meetup

Grawn 166 | 12:00 pm - 2:00 pm Meet up with mentors for feedback and advice on your venture plan before NVC preliminaries!

New Venture Challenge: Preliminaries Virtual: Airmeet | 3:00 pm - 5:30 pm

Teams and individuals who enter to compete in the Full Presentation category will present a 7-minute pitch of their venture virtually to a panel of judges. Those that make it to the finals will present in-person Friday, April 21.

Teams who did not make it to finals can compete for a chance to win cash prizes in the Elevator Pitch Competition and Venture Gallery.

The New Venture Challenge APR 21

McGuirk Arena | 1:00 pm - 8:00 pm

The CMU New Venture Challenge (NVC) is a competitive event for students enrolled across all colleges at CMU to develop their entrepreneurial mindset, learn business start-up techniques, and develop their business ideas.

Students have a chance to compete in the Full Presentation or the Elevator Pitch Competition. Teams who do not make it to the finals within the Full Presentation Competition category have the option to compete in the Elevator Pitch Competition and Venture Gallery.

All students can compete in the Venture Gallery.

LETTER FROM THE DIRECTOR

Innovative – Energetic – Curious – Eager – Amazing. How else can I describe the 2022-2023 school year at the Isabella Bank Institute for Entrepreneurship! Students returned to campus full of energy and drive to explore new possibilities and connections to help them as aspiring entrepreneurs. Also, we have two new faculty members and a new Program & Events Manager that joined entrepreneurship. They are here to help support, inspire and coach the entrepreneurs of tomorrow. Be sure to meet Program & Event Manager, Kaye Reimers and Professors Lauren Zettel and John Gustincic at the next opportunity.

During the Fall semester we hosted several events to connect students and begin using the new IDEA Den! We also continued the NVC Bootcamps where we engage students, alumni, faculty, and entrepreneurs to network and connect around entrepreneurial development and preparation.

Julie Messing Entrepreneurship Faculty & Isabella Bank Institute for Entrepreneurship Director, Central Michigan University julie.messing@cmich.edu

In this Update you will see a recap from some of the high points, including our 1st Annual Women’s Forum, and Make-A-Pitch. Additionally, we are featuring several of our student entrepreneurs and beginning with our next edition, we will feature our mentors.

We are thrilled to have a growing cadre of NVC Alumni as mentors for current student entrepreneurs. You talk about a great resource to help our students; these entrepreneurs & business professionals are it.

As a student-centric Institute we offer programs and partnerships that support students from ideation and team-building through venture growth.

Please join us for our upcoming Hackathon: Reimagine and our annual signature event, New Venture Challenge as we return to the McGuirk Arena and John G Kulhavi Events Center.

On behalf of the entire IBIE team, we look forward to seeing you at the 2023 New Venture Challenge. You will find the registration link in this newsletter.

Fire Up Chips!

Julie

ENTREPRENEUR IN RESIDENCE HOURS Professor John Gustincic Grawn 160 MONDAYS: 10:00 AM - 3:00 PM WEDNESDAYS: 10:00 AM - 3:00 PM FRIDAYS: 10:00 AM - 2:00 PM

IDEA DEN Grawn 166 MONDAY - FRIDAY: 9:00 AM - 5:00 PM

STUDENT SPOTLIGHTS

Isabella Bank Institute for Entrepreneurship Daniel Lahey

Founder & CEO of BreezeSweep Mechanical Engineering & Entrepreneurship I love entrepreneurship because it’s a chance to bring my ideas into reality. I have always wanted to be an inventor, ever since I was young. I read George Washington Carver’s autobiography when I was seven, and he became my inspiration. I wanted to innovate and change the world like George Washington Carver; that’s why entrepreneurship was the best choice for me.

I’m most proud of studying hard to develop my engineering and entrepreneurship skills and learning to organize my time so I can still work on my business while attending classes. I put a lot of time into my wind turbine invention. I had the idea when I was 14, and later I went ahead and built a wind turbine in my dorm.

I’ve hit roadblocks but I didn’t give up. I went back to it and turned it into something that was valuable and useful and has the chance to be a positive change in the world.

I have a lot of designs for inventions that are specially related to sustainability and clean transportation, so I see a lot of growth for BreezeSweep in that direction. I also have interests in other completely unrelated fields, and those ideas might go somewhere as well. Currently, I have big long-term plans for BreezeSweep. I started BreezeSweep because I wanted to put my invention out in the world. To be honest, I would start BreezeSweep for free. Starting a company was the best and only way I could realize my dream.

Ashley Adams

Author English Literature & Entrepreneurship I love entrepreneurship because of the idea that it is not taughtit’s learned. You can find your own way. There’s not necessarily a right or wrong way to do it. It’s intuitive.

I just published my first book of poetry in July of 2021 called Adoration by my pen name Ashley Patrice. I’ve always wanted to write my own books and be my own author. It’s something that comes easily to me and doesn’t feel like a job. In school, they told us that you should major in something you are good at because then it won’t feel like a job.

I’m focused on creating a safe space for kids, something I didn’t have. I’m driven by that mission. I want to contribute to the rise in black-owned businesses. I want to bring something forth that I didn’t have as a child. I want to start a bookstore called CoCoa Garden. It’s meant to be more than a bookstore, it’s a safe space for all people. I want to have after school programs, tutoring programs- because I know what it’s like to not have those opportunities after school.

Alina Krasinski

CEO Entrepreneurship & Advertising I love entrepreneurship because there is no limit to my creativity, I can let my ideas wander and create brand new ideas with no ceiling. I want to create a business that has a solid foundation of ethics as well as have freedom to change the world in my own way. I am also passionate about providing for myself and my family and creating something that can be passed on to future generations – to give them opportunities I never had. The end goal is to open my own dog daycare within 3 years of graduation.

With my degree, I want to give back to the people who have helped me on my journey and asked for nothing in return. I am more than excited to wake up every day and work towards something that I built myself from the ground up. As a student, I’m most proud of winning Judges’ Pick at the 2022 Make-A-Pitch competition last semester for a product prototype I plan on pursuing. In the future, I’m most excited about making new entrepreneurship friends, building business relationships, and providing for my family.

Diana Yareny Magdaleno-Leal

Baker Entrepreneurship & Spanish

My name is Diana Yareny Magdaleno-Leal. I am currently a senior who is majoring in entrepreneurship and minoring in Spanish. I’m also a first-generation college student. It isn’t easy when neither of my parents went to college to guide me through this education experience – but my parents did give me the opportunity to continue my education and introduced me to entrepreneurship.

I love entrepreneurship because it’s a way to create new ideas to help simplify our daily tasks. My venture dream is to open up a Mexican & Italian bakery called Don Abelardo’s. A big reason for wanting to start my own business is to open Don Abelardo’s bakery as a thank you gift for my dad. I’m passionate about this bakery because I get to see my dad’s dream come true. He gave me a better life and brighter future that he otherwise couldn’t give me if he were still in Mexico. In the future, I see my bakery evolving into a place where I can distribute bread not just in Michigan but all of America. I’m most excited to work with my father and build a legacy just for him.

FALL RECAP August

The Journey to NVC Begins!

Fall 2022 marked the beginning of many new ventures and ideas! Our programs and events are focused towards helping students grow their entreprenuerial skills through competing, creativity, innovation and expanding their professional network.

When Life Gives you Lemons Be an Entrepreneur!

September

TV Entrepreneur: Bob Larson

We welcomed CMU alum Bob Larson as a special guest speaker. He is a founding partner and Executive Vice President of Sharp Entertainment, a successful television production company based in midtown Manhatten. Producer of popular shows such as 90 Day Fiance, Man vs. Food, and Extreme Couponing, Bob has over twenty years of television experience and he is a proud CMU ‘88 alum.

During his visit he served as the Executive-in-Residencementoring students, held office hours, and spoke to classes. This event was in partnership with the Department of Broadcast & Cinematic Arts.

Professor Julie Messing challenged her ENT 200 class to launch some of their very first business ventures on campus. The lemonade stand project allowed students to gain hands-on experience in the planning and launching of a new venture!

November

Michigan Collegiate Start-Up Challenge

October

Fall NVC Bootcamps

Our NVC bootcamps covered pitch practice, public speaking tips, and more! Students and mentors also had the chance to meet for the first time and discuss student ideas.

Michigan Collegiate Startup Challenge (MCSC) is a university-level student business model competition for students in the state of Michigan. MCSC fosters entrepreneurship by encouraging university-level students across the state of Michigan to commercialize their ideas and provide them with a forum in which they can develop skills by pitching their ideas and building entrepreneurial ventures. Three CMU students made it to the semi-finals and competed for cash prizes at MSU!

Thanks to an increase in first-time mentors, our mentor program has doubled in size. We are excited to see mentors give back and help students excel.

CMU students Zach Bagbey, Carolina Ruiz Hernandez, and Jake Kapusansky competed in the Michigan Collegiate Startup Challenge at Michigan State University.

Entrepreneurial Women’s Forum

In celebration of Global Entrepreneurship Week in November, we hosted an Entrepreneurial Women’s Forum. Panelists shared their personal stories as entrepreneurs and how they’ve overcome challenges.

Students asked questions and gained valuable input and advice on some of their own business ideas.

A BIG thank you to our guest speakers: Lisa Thompson, Founder and Executive Director of Self Love Beauty Linzie Venegas, Vice President of Ideal Group, Inc. Melissa Hughes, Founder of Live Rich. Spread Wealth.

Courtney Lorenz, Founder of Cultured Kombucha Co. Carrie Schochet, Founder and CEO of Purple Squirrel Advisors.

December

3D Scavenger Hunt

Students explored Grawn searching for 3D printed parts for a chance to win a 3D printed trophy! The event introduced students to the IDEA Den’s 3D printers led by Tech Coordinators, Martin Bennett and Michael Cesena.

CONGRATS TO OUR 2023

UNIVERSITY INNOVATION FELLOWS The University Innovation Fellows (UIF) is a program run through Stanford University’s Hasso Plattner’s Institute of Design. The UIF program’s mission is to train and empower students to create innovative change at their university. Fellows experience intensive virtual training sessions, share ideas, have meet-ups, and spend a week in Silicon Valley. After they complete their training, they develop and pitch programs, spaces, and/or initiatives for their colleges. The purpose of these endeavors is to cultivate and enrich the entrepreneurial environment on campus.

Congratulations to the 2022-2023 University Innovation Fellows: Jacob Kapusansky, Leslee Weible and Rebecca Ridenour. They completed their project proposals and will begin the hard work of spreading creativity and innovation on campus.

JACOB KAPUSANSKY

REBECCA RIDENOUR

LESLEE WEIBLE

Marketing major Professional Sales Concentration Information Systems minor

Environmental Studies major Leadership, Sustainability and Environmental Policy minors

MS in Apparel Product Development and Merchandising Technology

You’re invited!

Friday, April 21 McGuirk Arena and John G. Kulhavi Event Center

RSVP TODAY!

NVC AWARD PACKAGES

HOW CAN YOU SUPPORT FUTURE ENTREPRENEURS? Be on stage to present awards to well-deserving teams of entrepreneurs who are working to change the world. Contact Director Julie Messing, julie.messing@cmich.edu to learn more.

Social Venture Support students who know

that doing well and doing good shouldn’t be mutually exclusive.

Top Social Venture Award

$10,000

Second Place Social Venture Award

$5,000

Third Place Social Venture Award

$2,000

Entire Social Venture Category

$17,000

Lyndell Patrick Elevator Pitch Awards Entire category $7500

Isabella Bank Gallery Awards Entire category $5,000

Mid-Michigan Development Corp (MMDC) Investor Awards

Main Street Encourage entrepreneurs who see great $2,000 and in-kind services opportunity with a lifestyle business.

Alternative Support: In-kind Services

The Main Street Business First Place Award Sponsored by John G. Kulhavi

$10,000

Second Place Social Venture Award

$5,000

Third Place Social Venture Award

$2,000

High Growth The award for ambitious and bold ventures.

Korson Family Highest Growth Potential

$10,000

Mike & Judy Reed –2nd Place Highest Growth

$2,000

3rd Place High Growth Award

$2,000

Provide assistance (legal, tax, accounting, social media, web design) to several student ventures of your choice. Your name will be featured on signage and in the NVC event program.

Recognition & Benefits • Personally award the winning team during NVC • Special mention in our NVC program • Special signage placed within the NVC gallery and on the winning award check • Special mention during the awards ceremony • Recognition on our website and social media channels

Special thanks to our current 2023 NVC supporters: • Isabella Bank • John G. Kulhavi • Korson Family Foundation • Lyndell Patrick • Mid-Michigan Development Corporation • Mike & Judy Reed

*Italicized awards are funded for NVC 2023 thanks to supporters like you!

MAKE-A-PITCH WINNERS

Isabella Bank Institute for Entrepreneurship 1ST PLACE PITCH Coyote Cookware Zach Bagbey

2ND PLACE PITCH

Math and Mental (M^2) (M-Squared) Destiny Taylor First Place — Coyote Cookware

3RD PLACE PITCH MapScratched

Carolina Hernandez Ruiz

AUDIENCE CHOICE Second Place — Math and Mental (M^2)(M-Squared)

Third Place — MapScratched

Math and Mental (M^2) (M-Squared) Destiny Taylor

JUDGES’ PICK Corn Horn

Alina Krasinski Audience Choice — Math and Mental (M^2)(M-Squared)

Visionary Award — Glare-Shield

VISIONARY AWARD Glare-Shield

Maxwell Grubaugh & Jackson Raymond

Judges’ Pick — Corn Horn

“Make-A-Pitch helped me focus on the important aspects of my business pitch and how to communicate my company’s value proposition. I gained valuable feedback from the judges.”

Zack Bagbey 1st Place Pitch Winner Coyote Cookware

Hackathon ReImagine 2023

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