Food business is the first sector in terms of employment in Europe, 90% of food companies being SMEs (majority of them being micro enterprises). Though innovation is the main leverage to improve competitiveness, there is neither high enough innovation and entrepreneurship spirit nor innovation transfer from High Education Institutes (HEI) to business. The partners of this consortium, involved for years in initiatives aiming at fostering innovation and interactions between students and industry on the basis of project-based learning approach, identified limits of the current training approaches. The project performance will be notably assessed against the generation of new products or processes and the creation of value and long term collaborations. For this purpose, it will create a European FoodBusiness Transfer Laboratory that will centralize new educational content and tools to foster stimulate entrepreneurship entrepreneurial skills and will allow constructive interactions between HEIs and foodbusiness stakeholders. Supported by a shared web-platform allowing multidisciplinary knowledge exchanges between the partners, this project will also produce best practices for entrepreneurship development, new learning and teaching approaches in closer contact with industry, etc. Taken together, FOODLAB project’s results will homogenize educational approaches; improve interactions between academia and industry; develop entrepreneurship spirit; foster innovation and competences transfer; promote integration of young graduated in SMEs. Ultimately this project will be the basis of competitiveness improvement in food SMEs and bigger companies. It will also help to maintain and increase employment in food sector and possibly in other sectors, as the present project is designed to allow transfer of methodology and best practices in training to other sectors.