/ ˈspɒnsəʃɪp; NAmE ˈspɑːnsərʃɪp/ noun
1.
[ U , C ] financial support from a sponsor :
a $50 million sponsorship deal
The project needs to raise £8 million in sponsorship.
We need to find sponsorships for the expedition.
2.
[ U ] the act of sponsoring sb/sth or being sponsored :
the senator's sponsorship of the job training legislation