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What does sponsorship mean?

Looking for the meaning or definition of the word sponsorship? Here's what it means.

Noun
  1. (uncountable) The state or practice of being a sponsor.
  2. (countable, uncountable) The aid or support provided by a sponsor; backing or patronage.
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Examples
Half of this sum will come from contracts with the ARU and the Force, and the balance is sponsorship from businesses.
Unlike traditional state-funded schools, city academies benefit from private sponsorship as well as government funding.
The trust relies on donations and sponsorship, has an affinity card and often host jumbles sales and fairs to raise funds.
There is no entry fee but participants are asked to fill a sponsorship card.
A fine crowd enjoyed a lovely walk and the event raised substantial sponsorship for the newly launched project.
Instead, as well as cash from the Government, businesses will hand over pots of money in sponsorship to help fund projects around the country.

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