Guide

Business growth through collaboration

Introduction

A collaborative business network is made up of organisations who agree to collaborate to achieve specific business objectives. This may be, for example, to jointly employ expertise, achieve economies of scale or improve market access for their products.

The organisations are usually independent of each other and diverse in terms of their operating environment, culture and capital. They may also be geographically diverse. Northern Ireland businesses, for example, often collaborate with academia, trade organisations and other companies within and outside of Northern Ireland.

This guide explains the benefits of business collaboration. It describes what makes networking successful, the forms networking could take and how to set up a business collaboration. It also examines where Northern Ireland businesses could get funding and support for collaboration.