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Businesses urged to consider £10k collaboration prize

30 September 2016

Businesses have until 18 November to apply for the 2016/17 collaboration prize, worth up to £10,000.

The Collaboration Prize is delivered by Co-operative Development Scotland (CDS) on behalf of Highlands and Islands Enterprise (HIE) and Scottish Enterprise.

Partners include Business Gateway and the Scottish Chambers of Commerce.

It encourages firms to pitch an idea for a new collaborative enterprise that will help them access new markets. This could be a new sector or a geographical market including international markets.

To be eligible the business or consortium must have an innovative idea to implement by setting up a consortium co-operative and have identified other potential members for the consortium.

Up to five winners will each receive £5,000 in cash to implement their collaborative idea. They will also receive up to £5,000 business support from HIE (or Scottish Enterprise if they’re outwith the Highlands and Islands) and CDS support to set up as a consortium co-operative.

Accessing new and international markets will be a specific focus this year. Up to two of the five prizes will be awarded to those consortia who demonstrate strong international ambitions to be delivered via the collaboration.

Minister for Business, Innovation and Energy, Paul Wheelhouse said: “Scotland is a CAN DO nation and there is no doubt that innovation and collaboration are key to adapting to changing market circumstances and customer needs, be they local, national, regional or global. The Collaboration Prize will help to bring together the best with the best, forging strong links that are vital for creating and sustaining economic growth.”

The Prize will be open for entries until 18 November 2016. The international winners will be announced at a ceremony in March 2017.

The website for the Collaboration Prize can be accessed https://www.scottish-enterprise.com/collaboration-prize-2016 .

ENDS.


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