October 1, 2012 – ABB invites proposals from academic and research institutes around the world to support promising graduate students with projects that combine academic research with industrial application in the power and automation area. ABB says it already collaborates with a number of academic research groups worldwide. The ABB Research Grant Program is intended to enlarge and complement the circle of its university partners.

Through this university collaboration program, ABB says it reinforces its commitment to an Open Innovation approach. By partnering researchers from ABB corporate research centers with the best graduate students and professors from around the world, “ABB plans to support a truly collaborative innovation ecosystem,” said Prith Banerjee, EVP and CTO (photo).

The application process will start November 1, 2012, and will close at the end of the month. Funding will be approved for one year at a time, but the program is designed to fund projects over multiple years. Grants will typically fall within the range of $50,000 to $80,000 a year, and the principal investigator or main applicant will hold a position as a professor associated with a university, university college or research institute.

Successful candidates will be notified by December 31, 2012, and funding will commence January 1, 2013.

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