Transfer Of Knowledge - Transfer Of Human Capital


There is robust evidence indicating that human capital drives economic growth and social capital and makes a major contribution towards achieving the Lisbon goals for a competitive and dynamic knowledge-based economy. In this context, the project is intended toward the adaptability of the human capital to the current economic conditions, while ensuring that knowledge & know-how transfer from the ageing workforce to the next generation in enterprise succession is achieved.

The overall aim of the project is to provide the ageing workforce and its successors with the skills and capacity needed for sustainable business transfer through the development of innovative solutions. The active involvement of local authorities in smoothing out the path for successful business transfer is crucial, not only for regional economies, but, also, for ensuring a balanced social existence and future regional development (

Extensive use of ICT prevents the loss of knowledge owned by the ageing workforce. More importantly, entrepreneurs and workforce can benefit from collaborating with local authorities, a process which constitutes the most innovative aspect of TOK-TOC. The PPs understand the important role of regional and local stakeholders in actions and activities in following national and European growth and employment objectives. TOC-TOK will demonstrate that supporting an ageing workforce has a national added value, plays a strong role in maintaining an active society and contributes to each individual's reaching of market potential. In this context, 3 cultural aspects related to the ageing workforce affect SME transfer, that is, how the aged workers learn, how the market reacts towards the aging workforce, how the aging workforce transfers its knowledge, know-how and experience to its younger successors.

The main objectives of the project are:

  • To enhance the involvement of local authorities
  • in the successful transfer of businesses as major source of job creation and sustainable growth;
  • To support the improvement of economic performance through greater adaptability of the labour force to changing technological circumstances, providing workers with the knowledge, skills, and competences needed in a knowledge-based society.
  • To explore the knowledge and experience of the ageing workforce

This will be achieved with the identification of best practices, exchange and sharing of regional and national policies through workshops and study visits, the analysis of their transferability in different social, legislative and economic environments among project partners and the creation and pilot testing of a transferable, sustainable model compiled from the experiences and good practices of more advanced partners to enhance least advanced partners with the implementation of municipal services for supporting business transfers in two regions.

  • Status
  • Completed
  • Project Launch
  • 01 January 2012
  • Project completed
  • 31 December 2014
skills workforce development demographic change