Consortium

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A consortium (pl. consortiums or consortia) is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. Consortia are generally nonprofit with a goal to help its members improve their competitiveness in the specific field.^[1]

Consortium is a Latin word meaning "partnership", "association", or "society", and derives from consors ("shared in property"), itself from con- ("together") and sors ("fate").