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Competitive advantages and enhanced development impacts by pooling resources together.

The fundamental idea of multi-actor collaboration is that the operators involved focus on their core competencies, whilst relying on partners in other areas. Ideally, this enables all consortium members to access complementary technology, solutions, services or expertise, and opens new markets. Consortia often reduce the risks borne by individual operators significantly.

The formation of a consortium is particularly relevant in developing markets, where one or several essential value chains might have shortages or even be nonexistent, affecting the potential and competitiveness of an individual business activity. At the same time, different steps in individual value chains might also require more competitive solutions for reaching their true commercial potential.

Forming a consortium

The requirements and key factors that need to be considered when initiating and forming a consortium are naturally very case-specific. From the point of view of an individual organisation and potential consortium member, entering a multi-actor initiative is a strategic decision that needs to entail additional value.

Click on this link to review some topics that might be relevant for the originator to consider when forming a consortium, particularly in a setting with limited initial personal and inter-organisational relationships between the consortium members.

Strategic multi-actor collaboration comes in many shapes and forms and there is almost an endless range of alternatives for consortium compositions (e.g. number of members, organisation types, roles and responsibilities, and potential subcontractors supporting the efforts of the consortium).

Here you can view some examples of the potential composition of consortia. Some of the illustrations are inspired by previous projects funded by Finnpartnership.

The individual organisations forming a consortium can apply for either Finnpartnership’s Business Partnership Support or Business Finland’s funding. If the consortium decides to apply for Business Partnership Support, it is important to note that each member must apply for the financial grant separately by submitting individual applications and project budgets.

For more information:

Axel Sointu

Business Partnership Lead

+358 (0)40 596 9877