Sorry , i guess i was not really addressing your question with my answer… and DO NOT have the answer.
I 've read some about the topic though, It depends:
Do you already have a design background/education, and would like to polish your entrepreneurial skills, or do you have an entrepreneurial spirit and are interested in a design approach to developping business models?
I only heard about the program at London College of Communication and i got the idea it was more for the first category: designers/artist or people who are in a design related business.
There are a lot of articles about design approach to business on the Business week website, and about different programs, some about European ones so i suggest you search their web site.
A few weeks ago i read this on Business week, somewhat the same as what you wrote:
How to Choose a School for Entrepreneurship
B-school offerings in entrepreneurship are proliferating. Keep in mind the following factors when deciding which program is best for you:
Does the program have institutional support?
A great entrepreneurship program should have the backing of the university, from the president down. That ensures fundingâ€”important for still-developing programsâ€”and facilitates interactions among the B-school and other parts of the university, such as the engineering school or the medical school.
Who teaches the classes?
You’ll want to be taught by faculty members who have experience both doing and teaching entrepreneurship. Academics with no street experience won’t be able to impart important real-world lessons. Also, remember that grizzled business vets may tell great stories, but that anecdotal evidence only goes so far. You should also look for depth and breadth in coursework.
Does the school have a dedicated entrepreneurship center?
If so, chances are you’ll have more resources and staff members to assist you in both course selection and career development. These centers often fill the void left by traditional career-services offices, which may or may not be able to help place MBAs who want to be entrepreneurs.
Does the B-school have a business plan competition?
Critics of such contests say the only thing they teach is how to win business plan competitions. That’s probably too harsh. Writing a plan is a valuable exercise for budding entrepreneurs. Plus, participating inâ€”and especially winningâ€”a competition gets you exposure to venture capitalists, who often serve as judges.
What hands-on experience will you get?
The best B-schools offer some combination of the following: opportunities to intern at local startup companies, ways to connect students with entrepreneur mentors, small business incubators, access to capital from alumni or from the venture-capital community.
Anyways… i wish you good luck in your search.