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consortium
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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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Established in 1988, the University of New Hampshire InterOperability Laboratory (UNH-IOL) is a non-profit organization that offers comprehensive interoperability and conformance-based testing through 19 technology-based groups, called consortiums.
UNH-IOL Establishes Industry's First Independent Proving Ground for ... by Business Wire
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