The aim of the project is to create a new virtual learning environment for international business management studies in the fields of hospitality and manufacturing. By developing e-learning content including learning materials and courses, progress will be made on the existing and future curricula. The direct target groups of the project are students of tourism management and business, higher schools, training institutions and organisations; the objective is to improve students’ skills and competencies, which will allow them to run a business and to operate in the international business environment. The technical platform is a user-friendly web-based application, based on open-source environment that already exists and will be further developed. Specific data and market parameters will be defined for two business simulation frameworks. The project results will be a simulation model, manuals and dissemination materials.