Arizona State University and Draper University in San Mateo, Calif., announced today that the two schools are partnering to launch an entrepreneurial program.

The Draper/ASU Entrepreneurial Program will combine Draper’s innovations in education for entrepreneurs with ASU’s entrepreneurial curriculum and access to a large group of talented students.

It will include a business-plan competition with a $1 million prize from Tim Draper, a Silicon Valley venture capitalist who started Draper University in 2012.

“We are thrilled to be working with ASU,” Draper said. “Our program will be enhanced by ASU’s full curriculum. Because of ASU, more and more students will learn the challenges and excitement of starting a business.”

The residential program will run for nine months starting this fall and will be held at Draper University in San Mateo.

The curriculum will include forward-thinking simulations, headline speakers, team challenges, and hackathons. Key coverage areas will be finance and empowerment, design and coding, and “robomarketing.”

Amy Hillman, dean of ASU’s W.P. Carey School of Business, called the new partnership “a fantastic combination of academics and practical application of entrepreneurial lessons.”

“Draper U is an innovator in real-world education and we are a highly ranked creative business school grounded in research,” she said. “Our students will have the best of both worlds and they will emerge from the experience stronger and better prepared for the modern economy.”

Draper’s 500-plus students in the past few years have started 250 companies, raising over $24 million in startup funding.

In the fall of 2015, ASU enrolled about 70,000 students on five campuses in metro Phoenix.