Merriam-Webster’s definition is, “an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member.” The word is Latin, derived from “con” (together) and “sors” (fate). In commercial industries that rely on technology development, a consortium can be a way to share the cost of research and development among several companies that would benefit from the resulting technology. Consortia can also be commercial in nature. One example would be the company, Airbus, which was originally a consortium of European aerospace manufacturers. It eventually evolved into a standalone company, Airbus, SAS.