As a recent graduate of a full time MBA program that is developing a web start-up, my experiences align well with what this question is trying to understand. While I am now better prepared to create a successful web start-up, the burden of student loan debt often prevents me from taking the risks associated with start-ups.
Colleges and universities around the European Union are already teaching web, business, and entrepreneurship classes. The fact that only the people sitting in these classrooms can access this information makes it an incredibly underused asset. The rise in collaborative consumption business models to share everything from cars, homes, and office space has shown that people are willing to pay for goods when they need them.
While people can take online or continuing education courses, they are often not taught by the caliber of instructors found at many of the leading educational institutions. Similarly, online and continuing education courses many times do not provide a solid community around which to germinate more complex business ideas.
By leveraging existing coursework and teachers, and its network of regional entrepreneurship centers, the ECE could provide a platform of learning and idea sharing at a fraction of the cost of traditional graduate programs.