The main aim of the current project is to enhance business-HEI cooperation in consortium countries by changing the paradigm of education in line with Bologna process requirementsThe current world economic situation and ongoing social changes, create special needs for education systems to satisfy. Growth of competition and widespreading of IT has a significant impact on educational process and increased the need for closer ties between business activities and university knowledge. But the real progress is slow due to the growing gap between the expectations of employers and competencies of graduates, as well as the obstacles in making a link between businesses and universities in partner countries. The absence of State level benchmark of such cooperation in partner countries leads to huge and unnecessery controversy. In order to change this situation, the current project is aiming to achieve the following sub-goals:-To locate gaps between partner universities experience in cooperation and interconnection of the study process with business practices and corporate supervision;-Identify the current professional and learning outcome structure required by modern employers in partner countries through in-depth research;- To introduce a new system of HEI – Business interaction based on leading practices of European Universities with combination of practical-oriented teaching and thorough involvement of business into the study process;-To retrain teaching staff for fulfilling new roles in the changed learning environment and applying active teaching methods in shaping the future employee capacities;- To contribute to elaboration of new generation of methodological documentation supporting the HEI-Business interaction systemThe impact of current goals achievement would remove the obstacles of bringing the academic and business practices together, increase graduate employment in partner countries and contribute to spreading of advanced European values in the society.