Collaboration is when two or more people work jointly on a project. The term is most commonly used in the arts. It also means co-operating with the enemy during wartime.

Joint Venture is a term used in business and means when two or more companies work together on a project.

Hope this helps.

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noun

A temporary immobilization, as of traffic, work, or mechanical operation.

col·lab·o·rate (kə-lăb’ə-rāt)

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[Late Latin collabōrāre, collabōrāt-, Latin com-, com-, + Latin labōrāre, to work (from labor, toil).]

intransitive verb: -rat·ed, -rat·ing, -rates.

To work together, especially in a joint intellectual effort.

To cooperate treasonably, as with an enemy occupation force in one’s country.

derivatives

col·labo·ra’tion

noun

col·lab’o·rative

adjective

col·lab’o·rator

noun

joint venture

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noun

A partnership or conglomerate, formed often to share risk or expertise: a joint venture between the film companies.