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English definition of “consortium”

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consortium

noun [C]
 
 
/kənˈsɔːtiəm/ ( plural consortiums, consortia)
a group of companies, organizations, etc. that have joined together to work on a particular project: The 11-member consortium, led by BP, sought funding from public bodies such as the World Bank. The Severn Tidal Power Group is a consortium of big construction and electrical companies.form a consortium Any move to form a consortium of all the UK's naval shipyard facilities would put jobs at risk.
(Definition of consortium from the Cambridge Business English Dictionary © Cambridge University Press)
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