noun
- a group of organizations, companies, or institutions that work together on a particular project or for a common purpose
Usage: business; formal
Examples
- The research consortium includes universities from five different countries.
- A consortium of banks provided funding for the new development project.
- The oil consortium was formed to explore drilling opportunities in the region.
- Several tech companies joined the consortium to develop new industry standards.
- The international consortium aims to combat climate change through shared resources.
- A consortium of museums collaborated on the traveling exhibition.