The main objective of this Project is to enhance the competitiveness of the economy in the region trough improving the education in the field of industrial product development. The wider goal of the project will be achieved through completion of set of specific objectives:• Establishment of new curriculums in the field of Management in Product Development and Innovation Management, Development of Eco-products and modernisation of existing curriculums in Industrial Product Development at master/specialist and doctoral level • Establishment of continuous education courses in the field of Industrial Product development• Harmonization and modernization of education in the field of Industrial Product Development through training of teachers at colleges of applied sciencesNew degree programs will offer an integrated curriculum in the field of industrial product development and economics, with special emphasis on innovation processes. The main objective of the degree programs would be to train human resources who gravitate to the product development activities in the application of modern methods, systems and processes of industrial product development, innovation management and development of eco-products.The project is also oriented towards the training of teachers at colleges of applied sciences in the field of Industrial Product Development and development of continuous education courses in Industrial Product Development for human resources in regional and unemployed persons interested in career path in noted area.The project will provide a framework at seven state universities in Serbia and Bosnia and Herzegovina for upgrading human and infrastructural potential necessary to achieve the objectives through teacher training, acquisition and the development of university text-books and the acquisition of equipment, cooperation between universities as well as cooperation with non-academic partners and the transfer of knowledge and experience.