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.
0.05MillionEni + Russia
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.
Online training course “Transfer Expert”
Baltic Sea Academy
- RepresentativeMax Hogeforster
Latvian Chamber of Commerce and Industry
- RepresentativeLīga Ābola
Estonian Chamber of Commerce and Industry (ECCI)
- RepresentativePiret Potisepp
St. Petersburg Foundation for SME Development
- TownSt. Petersburg
- RegionCity of St. Petersburg
- CountryRussian Federation
- RepresentativeMaxim Balanev
Association of SMEs support centers of the Kaliningrad region
- RegionKaliningrad Oblast
- CountryRussian Federation
- RepresentativeElena Kabakova
Foundation Drivhuset Skaraborg
IBC International Business College
- RepresentativeKirsten Jensen
Gdańsk University of Technology
- RepresentativeMarzena Grzesiak
Vytautas Magnus University
- RegionKauno apskritis
- RepresentativeVytas Navickas
Vocational Academy Hamburg
- RepresentativeJoachim von Kiedrowski
Satakunta University of Applied Sciences