Dow to spend $25mn/yr on US university R&D work
Dow Chemical has increased its investment in research and development programs with leading US universities with a $25 million/year commitment for 10 years.
The investment will be distributed among 11 institutions to strengthen research in traditional scientific fields important to Dow and to the nation’s future.
“As a major employer of scientific and engineering talent, Dow is committed to the development of the 21st century workforce, which will work to solve society’s most pressing challenges while cultivating a more competitive US marketplace,” said CEO Andrew Liveris.
“Excellence in scientific education and the development of innovative solutions go hand-in-hand,” he continued. “We are pleased to partner with academia to ensure that a vital pipeline of talent and research is available to fuel the discoveries and solutions of tomorrow.”
The universities to receive grants include: The California Institute of Technology; The University of California at Santa Barbara; The University of Minnesota; The University of Illinois at Urbana-Champaign; Georgia Institute of Technology; The Pennsylvania State University; The University of Wisconsin; Northwestern University; The University of California at Berkeley; Carnegie Mellon University and The University of Michigan.
Each university partnership has been designed to build off of its unique strengths - its faculty, facilities, institutes and infrastructure, according to Dow officials.
Areas of research include: catalysis, process development, and new materials for application in electronics, energy, transportation, and consumer applications.
Dow’s investment will support faculty, students and infrastructure, enabling a critical mass of resources to address some of the world’s leading challenges, the company said.
“This unique and industry-leading investment will support breakthrough technologies and increase collaboration between Dow and key universities, while helping to develop America’s future pipeline of PhD-level talent,” said Dr. William F. Banholzer, chief technology officer at Dow.
“It is vital that we support academic research to ensure universities can continue the tradition of excellence in chemical engineering, chemistry and materials science to help address the needs of the industry and of our country,” he added.
Dow said its 10-year commitment to expand its partnership with the nation’s top scientific and engineering talent and research institutes is a signature commitment to invest and re-energize US manufacturing to cultivate a more competitive marketplace.
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