University of Michigan student entrepreneurship program.
MPowered is the spawn of the College of Engineering's "Committee on Entrepreneurial Environment and Programs for Students" (read their report [PDF]), which was formed to address a perceived lack of entrepreneurial fervor at the University of Michigan.
It became clear through their fact-finding mission to Silicon Valley and Stanford that concrete changes were needed if the U of M was to keep up. Among them was an imperative, directed at students, to foster a culture that embraces innovation, fast failure, and open lines of communication across our various schools and departments.
Web site: http://www.umich.edu/~mpowered/