Application of new venture-capital-investing decision-making-mechanism in education

We have theoretically developed New Venture Capital Investing Decision Making Mechanism (NVCIDMM) for joint evaluation of the probability of success of business plans and proposing management teams. Using the efficient market theory we prove that the proposed mechanism is better than the currently used ones. We have administered several business investment games with student in class. The results show that the developed mechanism is better than the existing venture capital decision making mechanisms. We propose a student run VC fund to be created. It would have the following positive externalities: First: The creation of the student run VC fund would allow in-depth empirical evaluation of the applicability of the proposed NVCIDMM mechanism; Second: The fund is theoretically better methodology for applicable learning by the students. We also substantiate a proposal for creation of university incubators in the same institutions. This will allow the students to participate on both sides of the investment process of venture capital as investors and as entrepreneurs.