In my country there is an industry in setting up your software company to simulate university life to attract the newly educated developers.

You’ll get cheap, extremely motivated employees, who spend almost all their time at your company thanks to boardgame/role play/pizza nights and you get them to keep up-to-date on techs by having them do weekly tech-workshops and presentations.

They produce a lot of cheap code, sometimes the quality is decent, other tones it isn’t, and their most talented developers tend to leave for “adult” jobs after a few years, but overall it has been a very successful strategy.