Innovative business transfers in the BSR +
InBets +
 
PROGRAMME 2014-2020
priority
1 Innovation
objective
1.3 Non-technological innovation

InBets +

InBets+ organised events and training courses, to train small and medium sized enterprises all across the Baltic Sea region in successful business transfers.

The challenge

A handover of small and medium-sized enterprises (SMEs) and a change of ownership is a complex process. Many SMEs face a challenge when the business gets transferred due to various reasons. The observed tendency is that the failed business transfer causes more job loss than the creation of new jobs in start-ups. The failed business transfer implies also a loss of business running skills, market share, goodwill, and more. This triggers the need in improving the conditions for business transfers and support of the potential successors.

In the previous project INBETS BSR, the partners developed models for successful business transfers.

Budgets

InBets +
in numbers
  • 0.51
    Million
    Total
  • 0.36
    Million
    Erdf
  • 0.05
    Million
    Eni + Russia
  • 0.00
    Million
    Norway

Achievements

InBets+ boosted the success rates of SME business transfers. The project carried out 56 consultations with enterprises, which have gained knowledge of how to proceed further with their transfer. The number of skilled coaches has also increased after their participation in the “train-the-trainer” seminar.

InBets+ has created the first-ever online training course that shows tools and models and provides information on the many stages to be taken by owners, successors, or consultants. The cooperation structure for business transfers throughout the Baltic Sea region has been significantly strengthened. In the long run, fewer jobs will be lost due to failed transfers in the Baltic Sea region.

Furthermore, the extension stage project focused on putting into action the policy strategies that were created as part of the project INBETS BSR, and it anchored those policies on multiple levels. Particularly, the regional and national levels were in focus and participants from these levels gathered to attend the numerous activities and the two conferences. The level of awareness has significantly improved, and the public institutions involved now understand why it is essential for the regional economy to facilitate the transfer of knowledge to subsequent generations.

Outputs

Online training course “Transfer Expert”

The online training course is for entrepreneurs, potential successors and advisors (future coaches) to prepare for the generation change. It contains the essential models and tools that were developed in the INBETS BSR project. The course is structured into 11 different modules. Each module includes or ends with a couple of learning comprehension checks, i.e. multiple-choice questions or quizzes. In the beginning, the participant can choose to take the course as: a) Owner; b) Successor; or c) Consultant/Coach.

Project Stories

Partners

Baltic Sea Academy

  • Town
    Hamburg
  • Region
    Hamburg
  • Country
    Germany
Approximate total partner budget in EUR
101,750.00
53.55034110.000654

Latvian Chamber of Commerce and Industry

  • Town
    Riga
  • Region
    Rīga
  • Country
    Latvia
Approximate total partner budget in EUR
38,200.00
56.949397724.1051846

Estonian Chamber of Commerce and Industry (ECCI)

  • Town
    Tallinn
  • Region
    Põhja-Eesti
  • Country
    Estonia
Approximate total partner budget in EUR
37,200.00
59.437215524.7453688

St. Petersburg Foundation for SME Development

  • Town
    St. Petersburg
  • Region
    City of St. Petersburg
  • Country
    Russian Federation
Approximate total partner budget in EUR
28,400.00
59.91785735000000630.380619357025516

Association of SMEs support centers of the Kaliningrad region

  • Town
    Kaliningrad
  • Region
    Kaliningrad Oblast
  • Country
    Russian Federation
Approximate total partner budget in EUR
25,500.00
54.71012820.5105838

Foundation Drivhuset Skaraborg

  • Town
    Skövde
  • Region
    Västra Götalands län
  • Country
    Sweden
Approximate total partner budget in EUR
44,600.00
58.389845313.8443792

IBC International Business College

  • Town
    Kolding
  • Region
    Sydjylland
  • Country
    Denmark
Approximate total partner budget in EUR
51,100.00
55.48949999.47905

Gdańsk University of Technology

  • Town
    Gdańsk
  • Region
    Trójmiejski
  • Country
    Poland
Approximate total partner budget in EUR
43,500.00
54.3611928518.62860883362069

Vytautas Magnus University

  • Town
    Kaunas
  • Region
    Kauno apskritis
  • Country
    Lithuania
Approximate total partner budget in EUR
37,500.00
54.898213923.9044817

Vocational Academy Hamburg

  • Town
    Hamburg
  • Region
    Hamburg
  • Country
    Germany
Approximate total partner budget in EUR
45,500.00
53.55034110.000654

Satakunta University of Applied Sciences

  • Town
    Pori
  • Region
    Satakunta
  • Country
    Finland
Approximate total partner budget in EUR
55,600.00
61.486554221.7968951