Purpose: This paper aims to describe a research project that is addressing the employability of individuals in the higher-cost Irish economy. Design/methodology/approach: The Programme for University-Industry Interface (PUII) uses a community-of-practice methodology combined with academic research. Findings: A number of emerging enterprise models have been identified, competencies for next generation employability have been articulated and potential responses to these new opportunities for the further and higher education sectors have been discussed. Practical implications: The implications of this work and the follow-on may influence the way the education sector responds to the needs of learners in industry. Originality/value: The paper contributes insights into the nature of enterprise models and competencies that may be required to sustain future employability of individuals in industry. (Contains 4 figures.)