business consortia

A business consortium is a group of companies that come together to collaborate on a specific project or achieve common goals while maintaining their independence. By pooling resources, sharing expertise, and reducing risks, these companies can tackle complex challenges more effectively than they could alone. Consortia are often formed for activities like research and development, joint marketing campaigns, or large-scale projects. This cooperative approach enables businesses to innovate, expand their market reach, and enhance their competitiveness while benefiting from the strengths of one another.