The main aims of the INNOVET project has been • to develop the Moodle based, international innovation transfer of “Global Entrepreneurship” course in national languages according to the needs of each target group and educational system and to publish an international and national web based e-magazines accessed by anybody.• to strengthen the understanding of the role of Entrepreneurship Education and the competences needed in global and national working environments in partner countries and in one’s own country based on the ECVET, EQF and LLL recommendations and compare them with the results of competence maps of DACUM seminars expressed by local entrepreneurs 2005-2006 in five partner countries. • to evaluate the learning outcomes of the virtual study of Global Entrepreneurship + e-magazines and to initiate a discussion about the Memorandum of Understanding of ECVET principles.• to activate the cooperation of entrepreneurs and schools by building meaningful networks.