Co-operative Development Scotland?s Collaboration Prize aims to encourage businesses in Scotland to consider collaboration and pitch their idea for a new consortium co-operative, deadline tomorrow.
Date:
Fri, 02 Aug 2013
Source:
Co-operative Development Scotland
Consortium co-operatives are established when groups of companies come together to pool their resources. A consortium is run on an equal basis for its members, and may be set up to buy or sell in scale, market more effectively, share facilities or jointly bid for contracts.
Each of the Collaboration Prize winners will receive a cash prize of ?5,000 and ?5,000 of support. This year?s funding has been boosted by ?10,000 to ?40,000 and four winning business concepts will be announced in October.
Sarah Deas, chief executive of Co-operative Development Scotland, said: ?Collaboration plays a key part in the way businesses operate in 2013 and we believe that this innovative business model has real benefit in terms of promoting growth of the Scottish economy.
?Through a cash investment and business support, our Collaboration Prize will give four companies a head start in getting their business idea off the ground.?
There are three sector-specific awards this year which will target Scottish businesses working in the tourism, creative and food and drink industries. These awards have been supported by the Scottish Tourism Alliance, Creative Scotland and Scotland Food and Drink.
Sarah continues: ?We?re looking forward to hearing from businesses, particularly working in our target sectors, that are interested in collaborating with others to gain more work through this proven alternative to the more traditional business models.?
For more details visit here.?
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