InnoCentive Signs Memorandum of Understanding With Indian Institute of Chemical Technology, Hyderabad; VP of Marketing Ali Hussein in Hyderabad to Sign Agreement.HYDERABAD, India -- InnoCentive today announced that it signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with the Indian Institute of Chemical Technology Indian Institute of Chemical Technology (IICT) is a premier national level research laboratory under the Council of Scientific and Industrial Research, ( CSIR). IICT conducts state-of- the art research in basic and applied chemistry and biochemistry. (IICT IICT Indian Institute of Chemical Technology IICT Interagency Intelligence Committee on Terrorism (United States) IICT Input Invalid Correlation Tag ), Hyderabad. The agreement will enable IICT scientists to access world-class challenges posted on the InnoCentive website (www.innocentive.com) and gain scientific recognition and financial reward. Today's agreement marks InnoCentive's second partnership with a leading research institute in India, both of which are part of the esteemed Indian Council of Scientific & Industrial Research (CSIR CSIR Council for Scientific and Industrial Research (Ghana) CSIR Council of Scientific and Industrial Research (India) CSIR Centre for Scientific and Industrial Research ). In March 2004, InnoCentive signed a similar partnership agreement with National Chemical Laboratory (NCL NCL Norwegian Cruise Line NCL New Caledonia (ISO Country code) NCL National Consumers League (Washington, DC) NCL Neuronal Ceroid Lipofuscinosis (adult type) ), Pune. "IICT is internationally known for its excellence in scientific research in chemistry and chemical engineering, and for its outstanding track record of industrial research. InnoCentive's agreement with IICT will enable us to further our mission of accelerating scientific innovation through global R&D," said Darren J. Carroll, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president, InnoCentive. "Cooperating with InnoCentive will provide IICT scientists and researchers with an ideal platform to work on complex scientific problems posted by leading global corporations. It will also help them gain financial rewards and even greater international recognition," said Dr. JS Yadav, director, IICT. "InnoCentive recognizes the importance of partnering with leading scientific institutions to foster scientific innovation. Today's announcement, coupled with our already deep partnership with NCL, Pune, will enable us to tap into the vast scientific talent pool in India," said Ali Hussein, vice president of marketing, InnoCentive. About IICT Indian Institute of Chemical Technology, Hyderabad is a premier R&D Institute in India. Major areas of research at IICT are: Natural Products Chemistry, Agrochemicals, Drugs and Intermediates, Specialty and Fine Chemicals, Fluoroorganics, Inorganic & Physical Chemistry (Catalysis catalysis Modification (usually acceleration) of a chemical reaction rate by addition of a catalyst, which combines with the reactants but is ultimately regenerated so that its amount remains unchanged and the chemical equilibrium of the conditions of the reaction is not & Material Science), Lipid Sciences & Technology, Coal, Gas & Energy and Chemical Engineering & Design & Engineering. IICT's basic objectives have been to carry out research in the chemical sciences leading to innovative processes for a variety of products necessary for human welfare and the conduct of R&D work is fully geared to meet requirements of technology development, transfer and commercialization. With over 450 highly professional and dedicated scientists and technical officers, excellent laboratory and instrument facilities for research in chemical sciences & technology and allied sciences, IICT is known nationally as well as internationally for its contributions both in basic and applied sciences. 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 company 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 and to register as an InnoCentive Solver, visit the InnoCentive Website at www.innocentive.com. |
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