The CUNY Board of Trustees voted to create the Institute for Virtual Enterprise (IVE) in May 2002 to house a series of existing and new initiatives to enhance the engagement of CUNY students and their
success. It has expanded from this initial view to now serve thousands of students enrolled in CUNY as
well as the general university and high school populati
on. Total CUNY enrollment is approximately
500,000 learners housed in 23 institutions located in every New York City Borough.
CUNY is a diverse minority institution many of whose students are the first in their families to attend
college. Many CUNY students and their families are recent immigrants to the United States and have a
mother tongue other than English. CUNY is the institution that forges citizens, business leaders and
contributors to the economic, social and political future of New York City and the region.
IVE is striving to become a world leader in technology-driven, student-centered simulations in a wide
variety of educational settings and disciplines. IVE continues to be a world leader to incorporate active
learning strategies that combine both academic and applied learning online as well as face-to-face.
IVE currently serves 6,000+ students enrolled in CUNY through courses, events, colloquia and various
social networks. IVE's flagship initiative is Virtual Enterprise (VE), where students act as entrepreneurs
while designing and operating a simulated firm in the classroom. Students interact locally as divisions of
one entrepreneurial enterprise facilitated by a trained instructor and support materials. Each classroom can
connect with an international community of simulated firms (the IVE Partner Network) through a virtual
economy (the IVE MarketMaker), an articulated series of events, and web-based
community tools. The net effect is for students to acquire the soft- and entrepreneurial-skills demanded in
today's workforce - for instance, teamwork, effective communication and presentations skills, and the
ability to identify and solve problems - while making concrete use of the content from their academic
major in an interdisciplinary setting.
It is IVE's intention to aggressively and rapidly increase student participation through the VE program and
its expanding Global Collaborative. The VE Global Collaborative presently comprises over 80 participating
post-secondary institutions in the United States as well as over 40 participating partner institutions across