Close Encounters

The power of collaborative innovation

Our new economic study quantifies collaborative deals between UK SMEs and domestic and international corporates, and reveals how firms are choosing to collaborate. Between April 2016 and April 2017, large organisations are known to have invested at least £21billion in more than 1,100 collaborative deals with SMEs in the UK. This significantly exceeds the £16billion large businesses spent on UK R&D in 2016 - making collaborative innovation a vital corporate strategy.
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Collaboration volume (2016-17)5 Minority stakes5 Mergers & acquisitionsSectors£10mTotal value of collaborations (2016-17)Click a grey circle to view historic dataVolume