Based on comprehensive analysis of EU models of university-enterprise cooperation, intensive communication and interviews, project partners and individual experts will develop and assess the new regional model.

In addition, they will undertake all necessary measures and activities for its successful implementation in the region, including communication with policy makers, promotional, disseminating and raising awareness activities, networking of key actors in the knowledge triangle, as well as the development of efficient and effective mechanisms for cooperation.

The last mentioned comprehends the establishment of four Collaborative Training Centers in each WBC, which will have the necessary human resources (retrained trainers and service providers) and equipment/software’s for the application of VM technologies in product development.

The second collaborative mechanisms will be the enlarged VMnet network throughout the WBC region, supported by communication tools on WEB portal. The portal will provide well-timed information on all important events interesting for network members. Updated systematization of knowledge will be available on WEB portal. The increase in number of VMnet members, for 300 new members and 5 new experts per year, is planned.

The Training/service needs analysis will be undertaken in Serbia, Bosnia and Herzegovina, Montenegro and Croatia, to identify enterprises’ needs for advanced trainings and R&D services in the area of product and process development. Also, survey will cover analysis of labour market needs for vocational trainings of unemployed graduates and school leavers in this area. The final goal is to determine knowledge and skills gaps, weaknesses and new competence requirements in regional enterprises, especially SMEs, and labor market.

Teaching material for the developed at least 10 vocational trainings will be redesigned and prepared for setting up at MOODLE platform, supporting e-learning.

All project partners will take part in development of Industrial Fellowship Programme (IFP), establishing sustainable partnerships between universities, enterprises and graduates, leading to mutual benefits.

Project partners will develop sustainable Practical Placement Programme for students, providing them with the opportunity to gain practical experience in industry within the area that is related to their academic studies, and to develop their professional skills.

Established CTC centers and enlarged VMnet network represent the basis for continuation of activities after the project completion. WBC partners will use the equipment of CTC for education of students, vocational trainings, as well as for innovative services in virtual development of products and processes for regional enterprises.