Business collaboration involves working with other partners, businesses or experts to achieve a common goal. By combining resources, insights and experiences, innovative businesses can improve their products and services, expand into new markets and find solutions to business challenges. Innovation requires new ways of thinking. Diverse partners and stakeholders encourage creative thinking and problem-solving by combining ideas, knowledge and insights to come up with something new. In addition, collaboration can help you to accelerate production and distribution by sharing skills, equipment and expertise. Combining these resources can help innovative businesses come up with new solutions and develop them faster to provide a positive real-world impact.