Another Word For Consortium
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Meaning
A consortium is a group or association of two or more individuals or organizations that come together to work on a specific project or achieve a common goal. This collaboration allows members to pool their resources, share expertise, and mitigate risks associated with the undertaking.
Synonyms
- Alliance
- Partnership
- Coalition
- Association
- Syndicate
- Union
Antonyms
- Individual
- Sole proprietorship
- Disassociation
- Isolation
- Independence
Etymology
The term "consortium" comes from the Latin word consortium, which means "partnership" or "association." It is derived from the root consors, meaning "partner" or "associate," which itself is made up of con- ("together") and sors ("lot" or "fate").
Examples
- The universities formed a consortium to collaborate on research projects and share resources.
- A consortium of companies bid on the government contract to build the new highway.
- The international health organization established a consortium to address global health issues.
- By joining the consortium, small startups were able to access funding and mentorship from larger firms.
- The consortium will meet next month to discuss the progress of the initiative they are working on together.