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CUNY Institute for Virtual Enterprise

One Bernard Baruch Way (55 Lexington Ave. Suit 2-140).
New York, NY 10010

P: 646-312-4790
F: 646-312-4781

Virtual Enterprise

What is VE?

:: News & Events :: Introduction :: Overview :: VE World History :: VE at CUNY History ::
:: Learning Outcomes :: Student Workbook :: Evaluation of Virtual Enterprise ::
:: Summer 2014 Faculty Development Seminar ::

Where is VE?

:: IVE Global Collaborative :: Partner VEs ::

VE at CUNY History

In 1996, The New York City Department of Education and CUNY explored bringing the VE concept to New York during site visits and an exploration of the European model. CUNY, along with two other American and eight European institutions partnered in a FIPSE grant to develop the requisite partnerships and infrastructure to bring the VE concept to America. NYCBE established its first VE's in 1996 and representing CUNY, Kingsborough Community College (KCC) established the first University-based firms in 1997. Today, NYCBE has VE's in fifty-two high schools serving about 2,000 students each academic year. With twelve college based VE's at KCC, about 1,000 students are served per academic year.

Currently, the VE program at KCC is housed and supported in eight academic departments, with plans to expand into another three departments by fall, 2003. Assessment criteria have been developed as the result of an intensive assessment regimen developed by the CUNY Center for Advanced Study in Education (CASE). VE courses are being infused with asynchronous components utilizing the platform. VE is structured as a capstone course in each department since it provides a synthesis of competencies developed across the curriculum regardless of the declared major of the student. VE has also been successfully utilized as an intervention strategy for students on academic probation. In this instance, VE serves as a catalyst in changing student attitudes toward learning. These anecdotal observations have now been confirmed by a rigorous examination conducted by CASE particularly as related to developmental students; "… the average level of enthusiasm, engagement and effort for KVE students is indeed consistently higher than for peers in other classes."

In addition to the FIPSE grant, the college has been the recipient of grants from Workforce 2000 and Perkins III. (VATEA). Virtual Enterprise has been introduced to all CUNY community colleges and to many of the senior colleges as well. CUNY has also supported VE through the provision of release time and technology support. Despite the operational constraints in raising private sector funding at a public institution, VE has developed a network of private sector contributors, who also provide other resources including internships, training, job-shadowing opportunities, technology access etc. IVE has also been the recipient of grant support from the National Science Foundation, the American Express Foundation, the Bank of America Foundation, Deutsche Bank Foundation, and the Hogan Family Foundation. Additional Private Sector support from the various VE partner firms and organizations has let to the foundation of "Friends of Virtual Enterprise". KCC has provided for the institutional structure to develop services and activities to support the learning simulation. By institutionalizing the VE program KCC has fostered the dissemination of the program and created a faculty-driven learning community that supports excellence in a "Flagship" environment.

Through various Workforce Development grants, CUNY has supported both the development and dissemination of the Virtual Enterprise program. Partnering with the Central Office of Student Development will foster these collaborations as will developing linkages with Johns Hopkins and Cornell Universities, the Siemens Technical Academy in Berlin, Germany, the Universities of Hamburg, Graz, Linz and Malta, Randers Business College in Denmark, and the L-SITES consortium of fourteen U.S. and international colleges and universities as well as the Ministry of Tourism and the Beijing College of Tourism and Hospitality, China, the State Department of Kyrgyzstan.