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consortium
(redirected from consortia)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.

consortium

Alliance between companies for the purpose of undertaking a specific task. Major construction projects are often tendered for by companies acting in a consortium. A consortium may be formed because each company offers expertise in a different field, or to allow companies to pool finances for that particular project, or as a means of risk sharing.



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? Mentioned in ? References in periodicals archive
 
When a K-12 administrator asked me to recommend technology leadership resources, first on my list were the Web sites of the Regional Technology in Education Consortia.
Library consortia are considered as a possible solution to these financial problems.
This latest consortium initiative in the enterprise cheminformatics area will be an extension of the successful Accelrys consortium model, which in previous consortia has delivered important scientific advancements in areas such as catalysis, combinatorial chemistry, and nanotechnology.
 
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