ALTA meaning in Business ?

The American Literary Translators Association (ALTA) is an organization in the United States dedicated to literary translation. ALTA promotes literary translation through its annual conference, which draws hundreds of translators and literary professionals from around the world; the National Translation Awards in Poetry and Prose, an annual $5,000 prize (divvied $2,500 each) for the best book-length translation into English of poetry and prose; the Lucien Stryk Asian Translation Prize, which awards $6,000 each year for the best book-length translation of an Asian work into English; the Italian Prose in Translation Award (IPTA), which awards $5,000 each year for the best book-length translation of a work of Italian prose into English; and the ALTA Travel Fellowships, which are $1,000 prizes awarded annually to 4-6 emerging translators for travel to the annual conference. Starting in 2016, in addition to the ALTA Travel Fellowships, one fellowship, the Peter K. Jansen Memorial Fellowship, is awarded to an emerging translator of color or translator from a stateless or diaspora language.