Private and Public Business Models in Internationalization of VET

The funding program “Internationalization of VET”, funded by the German Federal Ministry of Education, recently subsidizes different projects which are funded for implementing education and training services (initial vocational education and training as well as further education) in different countries abroad. This paper analyses two cases from the funding line in regarding their business model approaches and their (current) outcome. The project in Greece, dealing with modernization of curricula and vocational orientation, is successful in another way than the project in Serbia which strives for a demand-driven development and model-like implementation of a dual VET school in Serbia.