Boeing Taps InnoCentive to Bring R&D Challenges to Top Scientific Minds Worldwide.Business Editors/Health/Medical Writers ANDOVER Andover (ăn`dōvər), town (1990 pop. 29,151), Essex co., NE Mass.; inc. 1646. Chiefly a textile producer in the 19th cent., Andover now makes toiletries, electronic and computer equipment, chemicals, medical instruments, rubber products, , Mass.--(BUSINESS WIRE)--April 20, 2004 More than 55,000 Scientists from 150 Countries Have the Opportunity to Help Solve Boeing's R&D Challenges InnoCentive today announced that Boeing Phantom Works The Phantom Works division is the main research and development arm of The Boeing Company. Founded by McDonnell Douglas before the merger with Boeing, its primary focus had been development of advanced military products and technologies. , the advanced research and development (R&D) unit of The Boeing Company (NYSE NYSE See: New York Stock Exchange : BA), has signed an agreement to join InnoCentive's online scientific forum, a global community where world-class scientists and innovation-driven companies collaborate to solve difficult R&D problems. This agreement extends InnoCentive's reach of clients into the aerospace industry. "Since its founding, InnoCentive has been focused on attracting top R&D companies to join our Seeker community," said Darren J. Carroll Car·roll , James 1854-1907. British-born American physician noted for his research on yellow fever. In 1900 he deliberately infected himself with the disease for experimental purposes. , president and chief executive officer, InnoCentive. "This new agreement with Boeing Phantom Works attests to the strength and viability of InnoCentive's mission of addressing the R&D challenges of global companies with the brightest scientific minds worldwide." InnoCentive is the first online, incentive-based forum created specifically for the global R&D community. It offers companies the opportunity to increase their R&D potential by posting Challenges to the worldwide scientific community without compromising their confidentiality and intellectual property interests. "Innovation is critical to Boeing's competitive edge, so we constantly search the world for the best talent and best technology solutions possible to improve our products and services," said Jim Ogonowski Jim Ogonowski (born 1958) was the Republican nominee for the United States House of Representatives representing the Massachusetts's 5th congressional district. He ran unsuccessfully in a special election, October 16, 2007, due to the resignation of congressman Marty Meehan. , director of Structural Technologies, Prototyping & Quality for Phantom Works. "Our agreement with InnoCentive is another avenue we're exploring to find this talent and technology." Through a confidential Web site, www.innocentive.com, "Seeker" companies or groups like Boeing Phantom Works can post their toughest R&D Challenges to more than 55,000 scientists and researchers in 150 countries worldwide. These "Solvers" can respond with solutions to Challenges and earn a financial reward of up to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $100,000 if a viable solution is ultimately submitted. "InnoCentive Seekers have been drawn from a broad range of industries, including life sciences, packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one and diversified diversified (di·verˑ·s chemicals sectors. Expanding into aerospace through this agreement with Boeing is an important step for InnoCentive," said Cesar Castro, vice president of business development, InnoCentive. About InnoCentive InnoCentive is the first online forum that allows world-class scientists and science-based companies to collaborate in a global scientific community to achieve innovative solutions to complex challenges. InnoCentive is an e-business venture of Eli Lilly and Company Eli Lilly and Company (NYSE: LLY) is a global pharmaceutical company and one of the world's largest corporations. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States. , a leading innovation-driven pharmaceutical company. To learn more, visit the InnoCentive Web site at www.innocentive.com. InnoCentive and InnoCentive Challenge are registered trademarks of InnoCentive, Inc. Other product or service names mentioned herein are the trademarks of their respective owners. |
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