Co-operative Development Scotland (CDS) is offering £30,000 worth of cash and support to develop new consortium co-operatives in Scotland and will be hosting a free workshop at Business Gateway in Inverness on Thursday 12 July for local businesses to find out more.
Launched earlier this year by First Minister Alex Salmond, the Collaboration Prize aims to encourage businesses to consider working with others to form a new consortium co-operative. Consortiums are collaborative vehicles that play an important role in creating globally competitive businesses. They enable employees, businesses and communities to work together to fulfil shared interests.
CDS is calling for interested parties to pitch an idea for a new consortium co-operative with up to three winning concepts each receiving a cash prize of £5,000 and a further £5,000 of support to get the business off the ground.
With a combined turnover of £4bn and employing around 28,000 people, Scotland's 550 co-operative businesses currently play a key role in driving Scotland's economic growth.
The workshop will provide a general review of the consortium co-operative model and take attendees through the stages of forming a new consortium business. It will also help applicants consider how best to respond to all aspects of the application form.
To book a place please contact the Business Gateway course co-ordinator Lesley Allan on 01463 713889 or email firstname.lastname@example.org
Applications for the Collaboration Prize can be submitted online at: www.scottish-enterprise.com/cds-collaboration-prize
Deadline for entries is 31 July 2012 and winners will be announced in August later this year.
Businesses of any size and type (company, partnership, sole trader) can apply but you must:
• Be based in Scotland
• Have identified potential partners for the proposed collaborative venture
For more information about the Collaboration Prize or Co-operative Development Scotland, please visit: www.cdscotland.co.uk or call 0141 951 3055.