The variety of study methods used at universities still is conservative and more pragmatic, but there is an increasing tendency to change study methodology to more and more student-centred and to focus on the students’ ability to become valuable workforce for SMEs. The necessity for development of study methods clearly demonstrates the research problem. At the same time, universities are facing pressure from governmental authorities to internationalize – student and teacher mobility, international partners and projects are highly recommended. The main process at universities is the study process. But also internationalization should support the study process and students in achieving practice-based learning outcomes. Facing these challenges, NOBANET network of universities has elaborated and piloted the study method Cross-Border Assignments (CBA) linking students’ future ability to successfully incorporate in the job market and the requirement for internationalization of studies. The aim of this article is to introduce and assess the CBA as a method to involve student work and students to engage in entrepreneurship problems. The authors have collected and analysed feedback of 10 CBAs implemented in 6 different universities. The feedback was received by using questionnaires with mainly closed questions. The results show that companies are satisfied with students’ work and they also appreciate teachers. The main conclusion about assessment of this method gives valuable contribution to scientific literature as a description of modern study method and good practice in linking HEIs and SMEs. Gratitude is expressed to the Nordic Council of Ministers for funding NOBANET project and project EKOSOC-LV, part 5.2.2. and INTERFRAME-LV.