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A Research Consortium is a collaboration of two or more companies, associations, universities or government agencies to conduct research with the objective of developing solutions to a problem or a challenge common to everyone by pooling their resources for achieving a common goal.
Universities will set up industry consortiums around a common research area. Companies usually join by paying a membership fee. Results of the research are shared with the consortium member companies.
Industry University Cooperative Research Program Home Page (I/UCRC). The Industry/University Cooperative Research Centers (I/UCRCs) program develops long-term partnerships among industry, academe, and government.
http://www.nsf.gov/eng/iucrc/
Original Contributor:
Donna Lee, RAND Corporation - dlee@rand.org
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