The project envisages a common framework of competencies and qualifications for the recognition of and validation of entrepreneurial-related and managerial skills acquired in non-formal learning. This will be achieved by developing a certification methodology and criteria to validate informal learning especially for the credibility and recognition of the competencies established. This will help companies widen the applicability of the recognition procedures and the development of a legislative framework on it. It is envisaged managers to be more involved in innovation activities and companies become more competitive.