I think we need more of these types of education programs. In this business program, students start a real business.
I think this sort of thing fits perfectly with entrepreneurship.
I also think an experienced-based program could be good for learning about more established businesses. I once had an idea for a business education program where the business school might hold senior debt and/or own pieces of a group of small businesses and maintain boards responsible for each business.
Incoming students would either buy a portion of those businesses or be hired by the boards to manage one of the businesses for a year or two, while taking complementary classes. It would be sort of a clinical to give the students experience in valuing businesses, working with boards, setting up plans and dealing with the overall responsibilities of running a business.
I’m sure that would be much messier than I can imagine, but I find it interesting to think about.