Automation Alley awards CMU's New Venture Competition Educational Program of the Year

NVC competition award

Central Michigan University’s New Venture Competition has been named the Educational Program of the Year by Automation Alley, Michigan’s largest technology business association. The association honored the best and brightest technology organizations and their leaders at its 13th annual Awards Gala in Dearborn.

“This award is a testament of our efforts to energize, educate and prepare students to start a business venture,” said Chuck Crespy, dean of CMU’s College of Business Administration. “Today we have more than 15 companies in business as a result of the New Venture Competition and through the support of those who assist us in educating, inspiring and mentoring these young entrepreneurs.”

As Educational Program of the Year, the College of Business Administration’s Isabella Bank Institute for Entrepreneurship’s New Venture Competition was recognized for positively impacting the region’s skilled labor market, identifying a mutually beneficial partnership between education and business and showing a strong desire to engage adults in technology.

Crespy and Deb Zellner, executive director of the Isabella Bank Institute for Entrepreneurship, were honored to receive the award for CMU.

“This recognition acknowledges the combination of our unique entrepreneurship curriculum with experiential opportunities maximizing students’ potential to launch a business,” said Zellner. “We look forward to having an even greater impact on student startup efforts throughout the state.”

The New Venture Competition awards more than $65,000 in startup capital and in-kind services each year to student business ventures. Since its inception three years ago, the competition has helped more than 250 aspiring entrepreneurs from CMU and Michigan Technological University. The next competition is March 28, 2014.