Consortia Definition

A consortium is an organization of two or more individuals, companies, institutions, or governments (or any combination of these entities) with the objective of achieving a common goal.

The term is most often used in reference to organizations undertaking large-scale projects, such as the construction of a new facility or the development of a new technology. In such cases, the consortium is formed for the specific purpose of working on the project and is dissolved once the project is completed.

However, there are also many consortia that are permanent organizations, such as those that set standards for a particular industry or those that operate research facilities.