Definition of «consortia»

Consortia is a term used to describe a group or association of individuals, companies, organizations or governments that come together for a common purpose. The term can be applied in various contexts such as business, education, and international relations. In business, consortia refers to an alliance between two or more companies who work together on projects, share resources, or jointly develop products or services. This type of arrangement allows the members to benefit from economies of scale, shared risk, and increased market power. Consortia can also refer to a group of educational institutions that come together to form an alliance for research, resource sharing, or collaborative programs. In international relations, consortium refers to a coalition of countries working towards common goals such as peacekeeping missions, trade agreements, or environmental protection.

Sentences with «consortia»

  • An international consortium of biologists is working to build a complete human genome to address human health challenges. (newsroom.cumc.columbia.edu)
  • There needs to be a concentrated effort by consortium's, library associations, and government to establish common operating parameters for publishers. (goodereader.com)
  • A new consortium with European researchers could lead to improved crop productivity. (news.brown.edu)
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