Advancement of the economic and social innovation through the creation of the environment enabling business succession.

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Business succession is becoming one of the most prominent issues for companies and policy makers in CE since it entails both economic and social impacts. Every year many well-functioning family-run companies disappear due to inability to find successor able to take over business leadership. Despite of existing succession schemes in AT or IT, other CE countries like CZ, SK, PL and HR have very limited or no experience with business ownership transfer and low awareness about it. This issue is particularly acute in the latter countries and requires transnational approach due to high risk of „business exit“ of family companies established in early 90s after collapse of communism. ENTER-transfer (Enterprise transfer) aims to advance economic and social innovation and counterbalance negative effects of demographic change in CE by creating environment enabling business succession at national and transnational level and draw attention of public and private entities to this issue. It will result in improved awareness and succession supporting capacities of public bodies via trainings and regional strategies, strengthened skills and competences of young entrepreneurs, owners of family businesses and their descendants by targeted trainings. Innovative tools and services will streamline business succession process and help sustain family companies. The project will develop matchmaking portal of companies seeking succession with young companies with ambition to take over business leadership, strategies for public authorities contributing to creation of favourable conditions for business succession and business succession toolbox with practical guidelines for succession seeking companies and succession seekers. The innovative character of the project is twofold: it pursues introduction and promotion of a complex approach to business succession in the “new” EU member states where it is still novel and introduces/enables business succession at transnational level.

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