Your Collaboration Prize questions answered

Jaye Martin 03The Collaboration Prize aims to encourage companies to form a consortium to improve their combined business prospects, with up to three winners each receiving prizes of £5,000 in cash and £5,000 support.

This year’s competition is looking for applications that show how forming a consortium could improve marketing, tendering or innovation operations.

Ahead of Friday’s deadline for entries, CDS specialist adviser Jaye Martin answered questions on the competition in a live Twitter Q&A.

Want to work with others and do things bigger, better and faster? Then forming a consortium co-operative could be for you. The potential benefits are numerous:

  • Build a new collective brand and combine resources to reach bigger audiences.
  • Share the risks of expanding into new markets with your partners
  • Compete for larger, more valuable contracts
  • Gain a competitve advantage through economies of scale
  • Have an equal say in the running of the consortium co-operative

During last week’s Q&A, we answered a number of questions from interested parties:

 

 

 

The Collaboration Prize is open to all Scottish businesses, large or small and from any sector. There are three categories – marketing, tendering and innovating – with £10,000 available for each winner.

Remember – the deadline for entries is 3pm on Friday 28 November. Don’t miss out on this amazing opportunity!

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