Objetive: provide a scalable environment to represent the concepts of the basic profile of the ISO / IEC 29110 standard for Small and Medium-sized Enterprises (SMEs) and their relationships. Methodology: In this paper we propose a novel approach for generating an ontology related to the ISO/IEC 29110 basic profile. We follow some steps: (i) modeling the domain by using executable pre-conceptual schemas; (ii) creating equivalences between pre-conceptual schemas and ontology elements; (iii) translating such equivalences into Protégé, an ontology-based environment; and (iv) creating rules for inferring knowledge from the ontology in order to overcome the aforementioned problems. Results: We create an ontology related to concepts of the ISO/IEC 29110 and their relations in its basic profile. We also answer questions in order to ease the implementation process of the ISO/IEC 29110 basic profile. Conclusions: The resulting ontology serves as support for VSEs and academics when implementing or teaching the basic profile of the ISO/IEC 29110.