600,000 jobs in Europe are at risk every year because the employer's succession process threatens to fail. The Erasmus+ funded Succession Ready project aims to reduce the high number of failed takeovers in the future. For this purpose, a support offer for owners of SMEs, potential successors and supporting structures such as vocational training institutions is being designed in order to provide comprehensive and sustainable assistance with company takeovers.
Recently, all the partners involved came together for the first time in a kick-off meeting and had the opportunity to introduce themselves. Some of them are no strangers to Univations in connection with the implementation of EU projects. Joint projects have already been realised with Meath County Council from Ireland and the University Industry Innovation Network (UIIN) from the Netherlands. The consortium is completed by The Vision Works (Halle (Saale), Germany), which is the project leader for Succession Ready, the Chamber of Commerce and Industry of Slovenia (Slovenia) and the Academy of Entrepreneurship (Greece).
In cooperation with Meath County Council, Univations is now starting intensive work on the first project deliverable: an international study on challenges, success factors, needs and knowledge gaps of SMEs and successors. Meath will be responsible in particular for analysing the challenges and developing a competency framework, while Univations will focus on analysing existing funding, financing and support structures for succession processes and the resulting policy report. The work improves the understanding of the specific challenges and required competences of both SMEs and potential successors and is the basis for the successful implementation of further project outcomes.
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