InnoCentive Signs Agreements with Six New Chinese Universities; Partnerships Highlight InnoCentive's Growing Commitment to Chinese Scientific Community.

BEIJING -- InnoCentive, Inc. today announced that it has signed agreements with six new Chinese universities. The new agreements highlighted the recent trip to China by Ali Hussein, InnoCentive's Chief Marketing Officer, Vice President of Global Markets. The agreements were signed with Zhejiang Normal University, Zhejiang University of Technology, Northeast Normal University, XiJiang University, Inner Mongolia Normal University and Inner Mongolia University. InnoCentive now has agreements with 25 Chinese universities, including the prestigious Chinese Academy of Sciences (CAS) and the National Natural Science Foundation of China (NSFC).

"Innovation and scientific collaboration are hallmarks of InnoCentive's business model," said Ali Hussein. "These agreements further demonstrate our growing ties with the Chinese scientific and academic communities. And as importantly, the agreements demonstrate our continued commitment to our global clients to provide the best scientific minds available to solve the challenges posted on our Web site. In fact, the diversity of our intellectual pool to tap solutions is a key strength of our network."

InnoCentive has developed a solid global brand with their unique virtual R&D network of nearly 100,000 scientists spanning more than 175 countries that has greatly helped companies reduce the escalating costs and shorten the time required to bring products to market. InnoCentive's goal is to further advance scientific research and collaboration in worldwide markets.

The Chinese Academy of Sciences

The Chinese Academy of Sciences is the national academy for natural science, technological science and high-tech innovation of China. Headquartered in Beijing with institutes all over China, the CAS is comprised of five academic divisions, 108 scientific research institutes, over 200 science and technology enterprises, and more than 20 supporting units including one university, one graduate school and five documentation and information centers. Membership in the Academy represents the highest level of national honors for scientists.

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. Companies including Dow AgroSciences, Eli Lilly and Company, Procter & Gamble and others, which collectively spend billions of dollars on R&D, post scientific problems confidentially on the InnoCentive Web site where nearly 100,000 scientists and scientific organizations in more than 175 countries can solve them. Scientists who deliver solutions that best meet InnoCentive's challenge requirements receive financial awards ranging up to and over $100,000. To learn more and to register as an InnoCentive Solver, 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.