The main purposes of the "Employability & Entrepreneurship: Tuning Universities and Enterprises" project is the modernization of the HEI involving the businesses representatives in the definition, promotion and validation of business and economics graduates' key skills leading to a good fit between society and the labour market needs and academic curricula. In order to achieve that, we propose the conceptualization, validation and the implementation of Integrated System of Competencies Development (ISCD) for the HEI, aiming at developing and promoting students' employability and entrepreneurship based upon the cooperation between universities and firms. The ISCD throughout the project has the Skills Profile for the Economics and Businesses' Graduates defined/built upon the information obtained from firms, alumni and other relevant professionals. It is the outcome of the Intervention Plan "Starting Guide, Test (Pilot Experience) and validation" (Final Version Administration) which will lead to the User's Guides, workshops and consultancy/advisory activities for dissemination purposes at European level. The ISCD is organized into three interrelated parts: a) Competencies Assessment Platform- WP1, involving students on the acknowledgement and self-evaluation of the Market-Valued Skills Profile; and b) Competencies Development Strategy, which includes: i. a Curricula Developmental Model: the Task Force will design and carry out the Plan for Curricula Action where the main actors are professors who will incorporate target-skills into their curricula and the firms involvement into the learning-teaching processes contributing to the number of activities for competencies development (WP2); and ii. a Coaching Model: tutors and other HEI staff will help students to define and implement the Individual Development Plan which will be the basis for the Digital Portfolio (WP3). The results of the ISCD are assessed and validated by stakeholders involved in the project at a public demonstration of students' skills (WP4) by a jury constituted by 3 members coming from firms/business, 1 member form the project team and one member from the taskforce team. This is a unique experience to promote and to announce the students' competencies developed during their studies and to value the role of the firms and professionals for student's development and training. This incorporation of the enterprises into the definition of HEI objectives, curricula and activities, fosters the quality of HEI and enables firms to engage in lifelong learning activities throughout this privileged relationship with the Economics and Management academic field and experts. This close relationship is certainly of great value for competitiveness of SMEs in a Knowledge based Society.