Project Objectives

The project will contribute to greater professionalism in new or aspiring young entrepreneurs and in the business management and organizational 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 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: (i) new or aspiring young entrepreneurs, who will benefit from the technical assistance and the mentoring workshops and from the cumulative experience of senior entrepreneurs and partners organisations; (ii) family-owned SMEs that implement the model; (iii) various groups of interest that will be able to establish and maintain more beneficial relationships owing to the professionalization that the new or aspiring young entrepreneurs family SMEs will undergo. These groups of interest are those persons or organizations 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. 

The traditional art of gold and silversmith is supported and based on the know-how through generations. It is very important that the young entrepreneurs are supported, advised and taught by senior craftsmen who have inherited their knowledge by their mentors. Therefore they will be capable to cope with the problems they have to deal with, open new horizons to the small family business they have taken over, overcome the difficulties and enforce their company. Further the project will: Encourage goldsmiths, silversmiths and gemmologists to make up their own minds; it will involve them in thinking about the past in a way that will help them plan for the future. Provide a way of packaging and replicating the kinds of non-metric data that otherwise would be lost. Help them avoid doing the same mistakes, to establish links with different kind of capacity building agencies and with other family business; To help them create a history of effective practices that go beyond "best practices:" to show not just what they did, but what they were thinking, what assumptions they had made, how they came to their decisions, what others thought about their actions, and how they expect to move forward from here. In addition to this there is a huge need for management and entrepreneurial skills capacity building, to create links for new or inspiring entrepreneurs with different capacity building entities like the ones represented in the Consortium (vocational training institutions, University, Chambers of Commerce, Business Innovation Centres, Knowledge management developers) and encourage small businesses to operate outside their home countries and improve their access to markets. But also these different capacity building agencies may benefit from cross fertilisation incorporating different perspectives and practices and innovating their approaches and services better serving business community and assist new entrepreneurs in setting up their own business 


PRIME | Promoting Intergenerational Learning in Mediterranean Countries

The 2007-2013 ENPI CBC Mediterranean Sea Basin Programme is a multilateral Cross-Border Cooperation initiative funded by the European Neighbourhood and Partnership Instrument (ENPI). The Programme objective is to promote the sustainable and harmonious cooperation process at the Mediterranean Basin level by dealing with the common challenges and enhancing its endogenous potential. It finances cooperation projects as a contribution to the economic, social, environmental and cultural development of the Mediterranean region. The following 14 countries participate in the Programme: Cyprus, Egypt, France, Greece, Israel, Italy, Jordan, Lebanon, Malta, Palestine, Portugal, Spain, Syria (participation currently suspended), Tunisia. The Joint Managing Authority (JMA) is the Autonomous Region of Sardinia (Italy). Official Programme languages are Arabic, English and French ( 

The European Union is made up of 28 Member States who have decided to gradually link together their know-how, resources and destinies. Together, during a period of enlargement of 50 years, they have built a zone of stability, democracy and sustainable development whilst maintaining cultural diversity, tolerance and individual freedoms. The European Union is committed to sharing its achievements and its values with countries and peoples beyond its borders.

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