AskDefine | Define sponsorship

Dictionary Definition

sponsorship n : the act of sponsoring (either officially or financially)

User Contributed Dictionary

English

Noun

  1. The state or practice of being a sponsor.
    I find that for me, my sponsorship of a child via a charitable NGO provides a sense of great satisfaction.
  2. The aid or support provided by a sponsor; backing or patronage.
    The company provided sponsorship to the research team.
    The university awarded five sponsorships to the the five most qualified applicants.

Extensive Definition

To sponsor something is to support an event, activity, person, or organization financially or through the provision of products or services. A sponsor is the individual or group that provides the support, similar to a benefactor.
Sponsorship may be an arrangement to exchange advertising for the responsibility of funding a popular event or entity. For example, a corporate entity may provide equipment for a famous athlete or sports team in exchange for brand recognition. The sponsor earns popularity this way while the sponsored can earn a lot of money. This type of sponsorship, known as cause-related, is prominent in the sports, arts, media and charity sectors.
Then commercial radio stations began broadcasting in the early 1920s, the programs were aired without advertising. Many radio stations were established by radio equipment manufacturers and retailers and programming was provided to sell radio transmitters and receivers. This led to a system where radio and television programs were financed by selling sponsorship rights to businesses. Eventually, the broadcasters began selling smaller blocks of advertising time to several businesses. Sponsorship is also becoming increasingly important in education.
Many companies want their logo on sponsored equipment in return. Formula One teams for many years relied heavily on the income from tobacco advertising, reflected in the sponsorship liveries of the teams. Other types of sponsorships revolve around companies paying for parts of television broadcasts and sporting events which bear their name. For example college bowl games now contain the name of their sponsor such as the Tostito's Fiesta Bowl.
Many times a company's motives for sponsorship are altruistic in order to create goodwill in the community which increases their good reputation. However, sponsorship is more commonly used to derive benefit from the associations created for a company's brand(s) or image as a result of the sponsorship.
People may sponsor an individual or group of people to undertake a fundraising task, usually for a charity or other cause requiring funding.
Sponsorship belongs to the promotional tool of Marketing.
In Japan, sponsorship is prevalent in television, as evidenced by each Japanese television series (after its opening sequence, its ending and subsequent episode preview).
US naval craft are sponsored before they are launched by a prominent female personage.
With respect to neuroscience conferences, the term sponsor designates the person financially supporting the research presented at the conference.
sponsorship in Czech: Sponzor
sponsorship in Danish: Sponsor
sponsorship in German: Sponsoring
sponsorship in Spanish: Patrocinio
sponsorship in Esperanto: Sponsoro
sponsorship in French: Sponsor
sponsorship in Korean: 스폰서
sponsorship in Italian: Sponsor
sponsorship in Dutch: Sponsor
sponsorship in Japanese: スポンサー
sponsorship in Polish: Sponsoring
sponsorship in Russian: Спонсор
sponsorship in Slovak: Sponzor
sponsorship in Serbian: Спонзорство
sponsorship in Finnish: Sponsorointi
sponsorship in Swedish: Sponsor
sponsorship in Turkish: Sponsorluk

Synonyms, Antonyms and Related Words

Privacy Policy, About Us, Terms and Conditions, Contact Us
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2
Material from Wikipedia, Wiktionary, Dict
Valid HTML 4.01 Strict, Valid CSS Level 2.1