This presentation introduces a virtual computer lab, called Virtual Incubator at Penn State Berks (VIB), to facilitate E-Teams in getting their information technology (IT) ideas off the ground. The VIB is conceptualized as a virtual environment that provides E-Teams with high-end IT resources, which are difficult for students to acquire normally, as well as technical and business support through partnerships with academic and industry experts. The first part of the presentation focuses on the technical aspects of the VIB, including how to create such a system and its current capabilities. The second part introduces an experiential learning model for encouraging student-led IT innovations in a virtual environment. One of the objectives of this learning model is to integrate entrepreneurship concepts into technology courses at Penn State Berks. Finally, the presentation will conclude with the demonstration of current projects.