Industrial Synergies with SME represent a huge advantage for startups as they will be supported by players in the same sector, but larger in developing their products and services through joint ventures, commercial agreements and strategic partnerships
It is not rare that more companies work together synergistically. When this collaboration with a common goal takes place internationally, beyond state borders, we speak of a joint venture, one of the most widespread forms of entrepreneurial cooperation.
Wanting to retrace the history of the joint ventures would start from the 20s of the last century. In this case, the pioneers were American companies. With the end of the second world war, the model became global. The concept of a joint venture then saw a wave of popularity in the 1990s following the opening of Eastern Europe and the Chinese market.
This form of collaboration can be very fruitful for small businesses and startups in the startup phase.