A joint venture is in general a private Business partnership. This is where two or more independent companies usually come together and pursue a common goal. The partner companies can participate with different resources, for example with capital, know-how or contributions in kind.
There are the following types of joint ventures...
- Horizontal joint ventures (from the same industry)
- Vertical joint ventures (from various industries)
- Concentric joint ventures (from similar industries)
- Conglomerate joint ventures (no connection)
- Investments in companies or organizations