The key challenges identified within the Europe 2020 Strategy are related to overcoming the socio-economic crisis, boosting growth and addressing youth employment. The youth unemployment rate reached a new historic high of 23.5 % in February 2013, with about 5.7 million young people affected. Spain (54.6%) as well as Italy (41,7%) were among the Member States with the highest youth unemployment rate. High quality education systems, which are both efficient and equitable play a crucial role in enhancing employability, therefore, systemic reforms and a shared vision among authorities and stakeholders is necessary in order to make a real impact and transfer knowledge and know-how in an effective and clearly targeted way. Education is directly linked to reaching the right match of skills required in the labour market and EU policies have identified quality, efficiency and relevance of education and training as being among the strategic objectives. The project #empl-oi (European Mobility Placements for Open Innovation) proposes a scheme which aims to ensure favourable circumstances for students to earn competences, which are highly valued in the labour market and thus considerably increase the employability of prospective graduates. Involving labour market actors in the design and delivery of programmes, and including practical experience in courses will help to attune the curricula to current and emerging labour market needs and foster employability and entrepreneurial awareness. The ultimate vision of the project is to create structured, favourable and mutually beneficial ecosystem for transnational University-Business cooperation and study models that require students to act across traditional boundaries. The outcomes of the project - The online course on social entrepreneurship is aimed at fostering understanding about social entrepreneurship and therefore also about the entrepreneurial competences and attitudes. - The guidelines will showcase a comprehensive model of university-business cooperation and propose ways of efficiently gatheringcommunication and feedback from the labour market to beintegrated in the courses and curriculum. - An innovative collaboration structure will reinforce ongoing cooperation between employers and academic staff on a local and international level. - Policy recommendationswill summarise the conclusions and results of the project and provide practical, evidence-based suggestions for policy-makers. The internationalisation of higher education and mobility are among the core elements in the project and strengthening quality through mobility and cross-border cooperation is among the key drivers of the project and it will be promoted in three ways: - By promoting one year long mobility, instead of one semester mobility, therefore allowing for deeper immersion in the host county (culture-wise, language-wise); - By adding an extra dimension while studying aboard, namely, engaging in professional activities in addition to academic experience abroad(part-time placements in addition to academic studies); - By having student tandems and therefore promoting the concept of internalisation at home and providing an opportunity for non-mobile students to increase awareness about cultural differences (by doing professionally related tasks in close cooperation with an exchange student). The project partner universities have rich experience in cooperating with business partners and during the project lifetime they willexpand the cooperation structure with employers in order to ensure even more favourable circumstances for students, facilitate productive and targeted university-business cooperation, diversify the offer of entrepreneurial activities and part-time placements for students and make greater impact locally and internationally during and beyond the EU-funded project period. The project will be carried out by 11partners, 5 universities (University of Nice Sophia Antipolis, IAE, University of Naples Federico II, University of Lodz, University of Alcalá and Vytautas Magnus University) 2 Networks (European University Foundation – Campus Europae (EUF-CE) and Erasmus Student Network (ESN)) as well as 4 partner companies (AdvanticSistemas (Spain), UAB Festo (Lithuania), Lithuanian Business confederation (Lithuania) and Foundation for Promotion of Entrepreneurship (Poland)), The project will facilitate high quality student mobility and carry out an innovative part-time placement scheme. Strong emphasis will be placed on close cooperation between business representatives as well as cross-border academic cooperation in the field of entrepreneurial education and social entrepreneurship. The project is an example of a close transnational cooperation in order to pursue goals of internalisation strategies and put into practice innovative cooperation models.#empl-oi intends not only to have a direct impact on participants, but also trigger changes on the long-term among universities and c