My undergrad university has had a program[1] where students start/run actual companies for at least the last decade. The school helps secure grants or contracts with industry partners and the students work on actual problems.
If you want credit you still have to pay like a class. However, for a number of them at least the managers had salaries that met or exceeded their course cost, and some everyone was paid.
Michigan Tech feeds to the biotech and automotive industries particularly in Michigan, Minnesota and Wisconsin given the location, and a lot of the enterprises have done some cool things with those fields, as well as some defense work.
If you want credit you still have to pay like a class. However, for a number of them at least the managers had salaries that met or exceeded their course cost, and some everyone was paid.
Michigan Tech feeds to the biotech and automotive industries particularly in Michigan, Minnesota and Wisconsin given the location, and a lot of the enterprises have done some cool things with those fields, as well as some defense work.
1: http://www.mtu.edu/enterprise/