Project

Objectives

The project will contribute to greater professionalism in new or aspiring young entrepreneurs and the business management and organisational structure of family-owned SMEs in four countries by remedying the lack of knowledge on the part of heads of family businesses about the importance of instituting more transparent professional management practices and by planning the intergenerational business transfer.

In essence, the project’s main benefit is that it will contribute to the survival and development of a greater number of family businesses in the concerned regions, and as a pilot, model to be replicated in other regions.

The project beneficiaries fall into three major groups:

• new or aspiring young entrepreneurs, who will benefit from the technical assistance and the mentoring workshops and the cumulative experience of senior entrepreneurs and partners organisations;
• family-owned SMEs that implement the model;
• various groups of interest that will be able to establish and maintain more beneficial relationships owing to the professionalisation that the new or aspiring young entrepreneurs family SMEs will undergo.

These groups of interest are those persons or organisations involved directly or indirectly with the family businesses, including rating agencies, trade associations, researchers, teachers, chamber of commerce, and local and regional authorities. The business community will benefit from the dissemination activities planned for WP2 of this project as well as from the project results and findings of the research carried out during the different stages of the project. In the latter groups are also partner organisations.

Partners

Forma Camera – Roman Institute for Business Training, is the Special Agency of the Chamber of Commerce, Industry, Craft and Agriculture of Rome (Italy)

Business Incubation Association in Tripoli (BIAT) (Lebanon)

Chamber of Commerce Industry and Agriculture of Beirut and Mount Lebanon (CCIA-BML) (Lebanon)

Jewellery Technology Centre (Egypt)

Notre Dame University (Lebanon)

Omega Technology (Greece)

Private Vocational Training Institute “MOKUME” of Thessaloniki (Greece)

Sectors

• Business
• Education
• Human Resources
• Innovation & Research
• Sustainable Development
• Trade
• Youth Entrepreneurship

Target groups

• Business Support Organisations (BSOs)
• Interest groups
• Sectoral agencies
• Small and Medium-sized Enterprises (SMEs)

Beneficiaries

• Interest groups
• Small and Medium-sized Enterprises (SMEs)

Budget

90% – European Union (ENPI CBC MED)
10% – Project co-financing

Timeline

Realisations

• 160 youngs/aspiring entrepreneurs interviewed and 90 receive mentoring
• 80 senior entrepreneurs interviewed and 40 are involved in the project as mentors
• 50 aspiring entrepreneurs go on four study visits, one in each partner country