On January 25 – 26, 2008, the second TEMPUS ICES (International Center for Entrepreneurial Studies) consortium project meeting was held at the Faculty of Economics in Osijek. Partners from Finland, Austria, Slovenia, United Kingdom and Croatia participated in the meeting. Topics discussed at the meeting included conceptual framework of the Ph.D. program in entrepreneurship, development of virtual learning platform and Microsoft’s role in it, and testing of video conferencing tool was also conducted. Project administration and management were also discussed, as well as project’s website and learning environment. The next meeting is set for May 2008.