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Very interesting question Andrew Ciszczon I think that for every stakeholder group, some people will like change and others not. The key is to identify the change-maker in each group and collaborate with them. Of course this does not guarantee success. I would expect that these kinds of ideas are slow moving, with pockets of change happening. I will also expect that some of the big and established people and universities will not want to participate. Who I would select from the faculty side? Someone who kickstarted edX 
I will expect some big and established universities to not participate. 

Hello Joel Gingery . I like the idea of people playing different stakeholders to get a better understanding of their point of view. But I would rather do it face-to-face (or at least start it F2F), especially at the beginning. Playing someone else isn't that easy. You don't want to misrepresent them and just play stereotypes. In F2F creating safety and a sense of community is easier. I have been collaborating online for the past 5 years and whenever we have the chance to meet in person, we do it. 

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Katerina commented on Renaissance University

Nice idea Rob Han . I suggest you check or talk with someone at Minerva School. They have very rigorous application procedure.  
I would also suggest that you partner the business person with a professor. They have different but complimentary knowledge. It may be a cultural thing, but universities in the Nederland that provide less academic knowledge are perceived as less good. Also students who want to do research for life might also not be attracted. 
Lastly, I agree that everyone has the same hours in a day, but the experiences you had in your life shape what you thing you can do. You might want to add extra support for all applicants (and stimulate to make use of this). 
Forgot to add, working at a startup is not for everyone. It can be chaotic with you having to be able to be autonomous and take the initiative to find tasks to complete. See this https://katerinacb.wordpress.com/2015/10/02/startup-institute