The Dow Chemical Company
) announced that it has partnered University of Illinois to open
the Dow Innovation Center at the University of Illinois
Urbana-Champaign. The innovation center is expected to focus on
the development of data management to improve technology and
research within the company.
DU PONT (EI) DE (DD): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
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With the collaboration, Dow intends to come up with innovative
ideas to deal with critical areas like water, energy, coatings
and agriculture. The innovation centre is expected to bring about
solutions to extremely complex societal challenges utilizing the
expertise and know-how of High Performance Computing (HPC),
Informatics, and Computer Science at the University of Illinois.
The new innovation center will employ 16 University students from
Computer Science and related fields on a part-time basis.
Dow also entered into a strategic tie-up with the National Center
for Supercomputing Applications (NCSA), which will offer it
access to expertise and equipment to speed up its discovery
processes. With this deal, Dow will be able to leverage NCSA's
expertise and experience to gain a competitive advantage. The
company aims to solve the most difficult conditions faced by its
customers and society.
University of Illinois is a world leader in research, teaching
and public engagement. The Research Park at the University of
Illinois at Urbana-Champaign provides an environment where
technology-based businesses can work along with the faculty and
students to take advantage of opportunities for collaborative
research and easy access to University labs, equipment, and
Dow manufactures and supplies chemical products used as raw
materials in the manufacture of customer products and services
worldwide. The company competes with
) and currently retains Zacks Rank #3 (Hold). We currently have a
long-term (more than 6 months) Neutral recommendation on Dow.