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SMEs are mostly owner-managed, often for years. The companies risk to loose knowledge and jobs, once that owner retires. This is happening at increasing speed in the BSR,where more and more owners retire without having transferred the business to the next generation.

Business transfers have a higher impact on the economic growth than start-ups. The future growth and sustainability of innovative companies in the BSRis severely limited byfailed business transfers. In all countries the number and qualification of potential successors must be improved. The majority of projects and measures focus on the creation of new firms,while the challenge of keeping firms running successfully is not covered. Therefore 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.