Authors analyzed features and effects of university-industry collaborative education program for entrepreneurship which have been implemented from 2011 to 2016. At first, knowledge exchange among participants are the central effects in this program, and it was derived by the heterogeneity of the participating groups. In addition, it was revealed that the body of knowledge owned by the participants was reconstructed, and their way of viewing and activities were changed after that. Next, it was an important role of lecturer and facilitators to provide the infrastructure of knowledge exchange among participants with the variety of background. Furthermore, it was also important for lecturer and facilitators to function as intermediaries for facilitating participants' communication in group exercises. Finally, a factor that the participants kept their motivation so high during the program period was brought by the environment peculiar to this program, that is two-week concentration and isolated from participants' daily life.
