Skills and competencies in entrepreneurship, suchas the ability to generate innovative ideas and the courage toengage with stakeholders and society, have gained importance inengineering curricula. In this case study paper, we report on howwe have integrated entrepreneurial experiences into a softwareengineering project course and made the creation of value andreflection on the application of a structured process the heart andsoul of the course. Based on current research on entrepreneurshipeducation as well as the definition of entrepreneurial competenciesused by the European Union, we show how the learningobjectives, the teaching moments, the integration of externalstakeholders, and the assessment work together to create anentrepreneurial environment in which students are encouragedand rewarded to work in an entrepreneurial way. Based on datafrom reflection reports, course evaluations, and interviews wediscuss the pros and cons of our approach and how the studentperception and expectations often run counter to the motivationsof the course design. We thus contribute guidance for otherteachers based on our own experiences in relation to the findingsof our peers.