This document discusses using metaverse and augmented reality technologies to enhance education. It proposes creating an "Immersive Labs Experience" metaverse ecosystem for education that includes spaces like an Imaginarium, Theatre, and Excellence Club. The goal is to accelerate learning through more engaging and interactive experiences. Augmenting education in this way could provide broader access to learning opportunities and help develop important future skills. The metaverse ecosystem aims to benefit entrepreneurship development programs by focusing on skills gaps and accelerating the learning process through collaborative experiences that mimic real-world scenarios.