Bologna and Lisbon call for increased competitiveness and globalisation in higher education is developing rapidly, but so far no European-wide approach has been made to measure internationalisation. Transparency and accountability in internationalisation are not in place yet. To this end, a set of indicators will be developed with relevance to all European HEIs. It provides options for comparison on the one hand but also offers opportunities for HEIs to choose their individual profile of internationalisation. Such a set of indicators will be co-developed by national and supranational entities together with a broad set of individual HEIs as well as the Coimbra Group and the DAAD as associate partners to ensure both relevance and acceptance in the community. The project aims at providing HEIs with insight into their performance and means for improvement. The goal is to increase the OVERALL performance of European HEIs in internationalisation. The project also aims at supporting linguistic diversity by providing some information in the languages of the countries involved in the project. The milestones of the project will be a set of key indicators, a toolbox for HEIs to profile their internationalisation as well as a number of dissemination instruments (workshops, symposium, website) which will bring together stakeholders from different levels to discuss the results and start implementation. A two-step benchmarking initiative will ensure that the practicability of the suggestions will be tested. The establishment of some kind of association of HEIs focusing on the advancement of accountability and transparency in internationalisation is envisioned. The project will lead to a considerable improvement in accountability and transparency of internationalisation and through new tools an improvement process on internationality will finally help to enhance the competitiveness of European HEIS.