TRANSFER OF HUMAN CAPITAL

Human Capital drives economic growth and contributes to the development of
competitive and dynamic knowledge-based economies. The knowledge and know-how of the
ageing work force has to be continuously transferred from ageing workforces to newer
generations. This is an important parameter in SME succession and transfer.
TOK-TOC will map the SME transfer process into a model encompassing the means and
procedures underlying the transfer process. Good practices supporting SME transfer
by highlighting the skills and competencies needed in business continuation will be
highlighted. The catalytic role of local of local authorities in the SME transfer
process will be outlined. The support of a knowledgeable and continuously improving
workforce will be promoted. Societies have to provide workers with learning
opportunities, thus, supporting a continuous improvement of knowledge, skills, and
competencies. Knowledge-based entrepreneurship allows workforce adjustment to
state-of-the-art technological changes and competitive economic environments.

The project TOK-TOC focuses on the following five questions:

1. How an aging workforce remains employable and productive under SME transfer
conditions

2. How SMEs could ensure that what is already known will be carried form
generation of employees to the next

3. How local authorities could actively and effectively assist in the SME
transfer process

4. What are the policies that have to be developed in order to facilitate SME
succession and transfer

5. What are the economic benefits for regions engaging in supportive SME
transfer practices

The Athens Chamber of Small Medium Industries (EL) as a Lead Partner with the
University of Strathclyde (UK), the Barcelona Chamber of Commerce (ES), the Business Development Friesland
Foundation (NL), the Municipality of Kardzhali (BG), the Latvia Technology
Park (LT) will collaborate in order to give answers to the above questions. The
partners of TOK-TOC will identify best practices in SME succession under different
legislative, economic and social conditions and they will examine how know-how
transfer can influence may influence the strength of newer business environments.
Data will be accumulated through questionnaires, seminars, and study visits
presenting best SME succession and transfer practices in partner regions. The
partners will develop a model of sustainable SME transfer that will include the
presence of local authorities.

TOK-TOCs partners with the direction and guidance of the University of Strathclyde
are planning to publish a ‘Handbook of Best SME-Transfer Practices’ for policy
makers and a ‘Model for Attaining SME-Succession & Transfer Excellence’ for regional
an local authorities as well as SMEs. Both these two documents will be made
available through TOK-TOC’s portal: www.tok-toc.eu.

A TV spot will be produced and aired in partner regions in order to sensetise
entrepreneurs and local authorities on how to handle SME transfer changes
competently. Through special information days the partners of TOK-TOC will bring
together different stakeholders in an attempt to develop environment conducive to
designing and implementing policies preventing negative SME transfer effects. SMEs
are the backbone of the European economies and have to be supported under transfer
of their have an impact on local economies and local job markets.

INTERREG IVC

The Interregional Cooperation Programme INTERREG IVC, financed by the
European Union’s Regional Development Fund, helps Regions of Europe work
together to share experience and good practice in the areas of innovation,
the knowledge economy, the environment and risk prevention. EUR 302 million
is available for project funding but, more than that, a wealth of knowledge
and potential solutions are also on hand for regional policy-makers.