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10-28-2007

BASF: Collaboration with Harvard University

Harvard University’s Office of Technology Development and BASF today announced an agreement to jointly establish the BASF Advanced Research Initiative. While based at Harvard’s School of Engineering and Applied Sciences the initiative will benefit from having strong ties with departments and schools throughout the University.

As outlined in the agreement, BASF will provide direct funding to Harvard researchers, support initially 10 postdoctoral students. Total funding over the next five years

is anticipated to be up to USD 20 million.

Both parties plan to define and pursue projects in areas including applied physics, physics, applied mathematics, chemical biology, systems biology, bioengineering, and materials science. If proof of concept is established in a research project, BASF will have the opportunity to further develop discoveries and innovations for possible commercialization.

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