Co-development in the context of partnerships refers to a collaborative approach where two or more entities work together to develop a new product, service, or solution. This strategy leverages the complementary strengths, expertise, and [[access to resources|resources]] of each partner to achieve a common goal more efficiently and effectively than they could independently. By engaging in co-development, partners can benefit from shared access to each other's resources such as technology, intellectual property, talent, and market access. This not only reduces the cost and risk associated with development but also accelerates time-to-market by pooling capabilities and knowledge. Moreover, co-development fosters innovation through diverse perspectives and promotes stronger relationships between partners as they work towards mutual success.