Innovative Business Transfer Models for SMEs in the BSR (Q4296014)
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Project Q4296014 in Germany
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Innovative Business Transfer Models for SMEs in the BSR |
Project Q4296014 in Germany |
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1,863,946.99 Euro
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2,464,270.0 Euro
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75.64 percent
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1 October 2017
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30 September 2020
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Baltic Sea Academy
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53°33'3.89"N, 9°59'37.25"E
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Many small and medium sized enterprises face a crucial moment when the business gets transferred, e.g. when the owner retires and a new one takes over. Every year, more jobs are lost due to failed business transfers than new jobs are created in start-ups. The project improves the competences of business support organisations in terms of business transfers. They jointly design and apply innovative tools to better support upcoming business successors. Ageing owners need successors: SMEs - or small and medium sizes enterprises - are the backbone of our economy. Many have been built up from scratch and run successful for decades. They are mostly managed by their owners, of whom a growing number is looking to retire, but can’t: There is a high demand for qualified successors. This is essential for transferring the businesses to the next generation and preserve the company respectively its jobs. Business transfers have a strong impact: Indeed business transfers have a higher impact on the economic growth than start-ups. More jobs in Europe are lost due to failed transfers than new jobs created with start-ups. Over the next decade up to 500,000 businesses providing two million jobs will have to be transferred every year. At least one third of business failures are the consequence of bad transfers. Call to action: Against this backdrop it is essential to improve the conditions for business transfers. The project brings together business support organisations, research institutions and education providers to team up in order to provide SMEs with excellent support for a successful transfer of their company and knowledge. The project examines, further develops and designs innovative and transferable models and tools for facilitating SME business transfers, adapts them to different regions and makes them not only widely available, but also starts to implement them in companies. These increased capacities and the institutionalised knowledge will lead to progressive change of SME business transfers in the Baltic Sea region. (English)
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