The 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:
@scotent You can find a list of the questions you will be asked to answer on our website: http://t.co/4qUXN7xtNV #collaborationprize
— cdscotland (@cdscotland) November 20, 2014
@sdpscotland The lucky winners will be announced before end of March 2015 #collaborationprize
— cdscotland (@cdscotland) November 20, 2014
@sdpscotland Each winner gets £10k to turn their idea into reality! Also lots of great PR, see http://t.co/H4Dk3ins2g #collaborationprize
— cdscotland (@cdscotland) November 20, 2014
@scotent As long as there are at least two businesses involved then we’ll happily accept your application! #collaborationprize
— cdscotland (@cdscotland) November 20, 2014
@machairbase Any type of biz can so long as at least 2 are involved & you’re #innovating #marketing #tendering. #collaborationprize
— cdscotland (@cdscotland) November 20, 2014
@machairbase We’d be happy to have a chat! Please contact us on or info@cdscotland.co.uk or 0141 951 3055 #collaborationprize
— cdscotland (@cdscotland) November 20, 2014
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!