consortium kən-ˈsȯr-sh(ē-)əm noun
: an association of companies for some definite purpose
The word consortium has appeared in 219 articles on NYTimes.com in the past year, including on Oct. 2 in “Fungus May Be Fall’s Hottest Fashion Trend” by Elizabeth Paton:
In 2018, Bolt Threads began producing limited-edition products made from Mylo, a material made from mycelium, the branching network of threadlike cells that underpins all fungi. Now they are preparing to bring that technology to the world, thanks to an unconventional consortium of backers (and rivals) from across the fashion spectrum.
This week, executives from Adidas, Lululemon, Kering and Stella McCartney said they would partner with Bolt Threads on Mylo, collectively investing in its ongoing development and production operations in exchange for access to hundreds of millions of square feet of the material. Mylo-made products, from Adidas sneakers to Stella McCartney accessories, will go on sale in 2021.