The development of the Baltic Sea Region (BSR) as a whole is characterized by large economic and social differences, cultural barriers, different languages and different business structures. Small and medium-sized enterprises (SMEs) have problems to benefit from the advantages of the enlarged market due to their lack of knowledge and skills about business structures outside their home markets.In order to support and facilitate international business between SMEs, the Baltic Business Development Network (BBDN) projects’ objective is to implement a Virtual Baltic Development Agency (VBDA). The VBDA will be based on transnational cooperation between Regional Development Agencies and Business Schools from all nine countries in the Baltic Sea Region. Companies will get access to the VBDA through regional access points called Baltic Business Service Centers (BBSC) which will offer transnational business services on the national level. Common standards will be used to support SMEs in transnational entrepreneurship activities.BBDN will increase comparative business knowledge of RDAs that are established to support regional development. Universities and Business Schools will get access to the new research that drives development ahead. BBDN will aim for equal business training schemes and examinations in the whole region. Achievements: • A running Virtual Baltic Development Agency (VBDA) based on the network between Business Schools and RDAs from nine partner countries of the BSR.• Well functioning Baltic Business Service Centers (BBSCs) in all participating countries.• The development of common BSR-standards will support SMEs in transnational entrepreneurship activities.• A computer based training (CBT) course “Business Guide to the Baltic Sea Region” achieving an easier understanding of and about the access to the partner markets.• A comparative research study including a report about “Best Practices” and Report on the policy model for regional development in the Baltic Sea Region.