We are pleased to announce that the Collaboration Prize 2016/17 in partnership with Business Gateway and Scottish Chamber of Commerce is now open for entries.
We want to encourage firms to think collaboratively and pitch an idea for a new enterprise that will help them to access new markets. This could be a new sector or a geographical market including international markets. With the winning entrants receiving £5,000 cash and up to £5,000 business support to bring their idea to life.
To be eligible to win businesses must be based in Scotland, have an innovative idea they would like to implement by setting up a consortium co-operative and have identified other like-minded members for the consortium.
Consortia are established when businesses come together for a shared purpose; to buy or sell in scale, market more effectively, share facilities or jointly bid for contracts. By collaborating businesses can reduce costs, share risks and create new platforms for growth. Members could be businesses, partnerships or individuals, and the co-operative may be for any purpose which supports the members.
The competition this year has a particular focus on consortia accessing new and international markets. Two of the five prizes will be awarded to those consortia who demonstrate strong international ambitions to be delivered using collaboration. As part of their prize the winners will be able to access export advisor support where appropriate.
At CDS we think the Prize offers a great opportunity for businesses to harness the benefits that emerge through collaboration. Working with others can help businesses grow, and reduce the costs and risks of tackling new markets or investing in new processes.
In our experience collaboration can make a company better at what it does. Whether it’s about sharing resources or finding new markets, collaboration can bring efficiency and lead to increased profits.
For more information about the Scottish Enterprise Collaboration Prize visit the website.