Innovative SMEs are mostly managed by the owner and risk to loose knowledge and jobs, once that owner retires – what is happening at increasing speed in the BSR. Business transfers have a higher impact on the economic growth than start-ups. The future growth and sustainability of innovative companies in the BSR is severely limited by failed business transfers. The majority of projects and measures focus on the creation of new firms, while the challenge of keeping firms running successfully is not covered. The aims of the project are to examine, further develop and design innovative and transferable models and tools for facilitating SME business transfers, make them widely available and implement them in companies. Business intermediaries are enabled to coach and support transfers, successors are qualified as entrepreneurs. Innovative solutions to problems complicating business transfers throughout the BSR are realised, allowing SMEs to continue and even expand. The development of the INBETS project was possible thanks to the COMBESTE seed money project of the EU Strategy for the BSR. Find out more information about the project from: www.baltic-sea-academy.eu/inbets/#about
Estonian Chamber of Commerce and Industry is one of the project partners.
The project is led by Baltic Sea Academy.