consortiums

A consortium is a formal partnership where multiple organizations collaborate to achieve a common goal, often sharing resources, expertise, and risks. This arrangement allows them to undertake projects or ventures that might be too large or complex for a single entity alone. Consortiums are common in industries like technology, research, and finance, enabling members to pool their strengths, reduce costs, and increase chances of success while maintaining separate ownership and control. Overall, it's a strategic alliance designed to leverage collective capabilities for mutual benefit.