Although training and development is recognized as an important means to nurture corporate entrepreneurs in organizations, extant research has focused primarily on efforts to develop entrepreneurial leaders and nurture business creation in a school or university setting. We report on the findings of an inductive case study of corporate entrepreneurship training in a large multinational corporation. We explore the learning outcomes which participants experienced, and outline how an action learning approach enabled these learning outcomes. Our emergent model of corporate entrepreneurship training is based on an episodic view of training, recognizing that individual, group and situational influences, need to be considered if a more complete understanding of what makes for effective training in this domain is to be developed.