A consortium is a group of organizations or individuals that come together to collaborate on a specific project or goal. This partnership allows members to share resources, expertise, and risks, making it easier to achieve objectives that might be difficult to accomplish alone. Consortia can be formed in various fields, including business, education, and research. In the context of research, a consortium often includes universities, government agencies, and private companies working together on scientific studies or technological advancements. By pooling their knowledge and resources, these members can tackle complex challenges more effectively, leading to innovative solutions and shared benefits for all involved.