Number of European declarations (Bologna and Bon), reports of EU commission and national reports (Serbia 2009 Progress Report; Linking the worlds of work and education through Tempus; Revised and Extended National Program for Integration of Republic of Serbia in EU) states importance of university - enterprises cooperation. Universities and enterprises cooperation could be straightened through: internship and trainee exchange, joint research, LLL. The general objective of this project is better interaction between universities and enterprises for timely preparation of the university graduates for the labor market. This project will contribute to improvement model of students' internship in social sciences, humanities, business and management, natural sciences and technologies and to enhance communication channels between Universities and enterprise through which transfer of know-how from universities to enterprises in the particular fields will be achieved. This project will work on definition of models for students' internship in selected fields based on experiences of EU partners. In the following steps all necessary steps in all target groups will be performed (trainings and improvement of capacities) for preparation of students' internship according to the enhanced model. Students' internship will be organized, on developed basis and models, carefully monitored and evaluated in order to provide feedback for further improvement. Finally University - enterprises communication canals and practice will be improved through development of contact offices, raising awareness and trainings in the field of concepts of technology transfer, innovation and innovative culture, negotiation skills, legal issues, good practice and project management. Project results, dissemination and sustainability of the project results should contribute to better University - enterprise cooperation, employability of students and their practical skills and knowledge.