VIRTUAL UNIVERSITY

A system and method for enabling an established learning institution, such as a first tier college or university, to leverage intellectual capital through licensing and co-developing course content with a Virtual University. The Virtual University develops and markets educational modules presented via a computer communication system. This invention can increase exposure of a professor, course content, and other intellectual capital, to a larger student population separated by time and distance. It can permit multiple learning institutions to participate, with governance and control afforded to each university according to agreed upon guidelines. A Virtual University according to this invention can provide for flexibility in compensation and permit unlimited business arrangements between a university and an institution proffering the educational modules. Compensation arrangements that provide adequate economic participation and reward can include, but are not limited to, cash payments, royalties, minimum guaranteed income, stock and stock options. They may also provide protections for the participating university, including seats on the Board of Directors and other appropriate measures. The system can provide a means for tracking and measuring the use of modules, measurements can be used to calculate compensation. The present invention can avail a traditional a campus based learning institution to a potential market for intellectual capital that is limited not by distance, but by the constraints of a computer communication network utilized. Consumers, embodied as individual students, corporate clients, charter schools or other learner groups can be from varied geographic locations and access the Virtual University system on a basis timely to their particular needs.