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DuPont Forms $35 Million Research Alliance With MIT For Biotech Development

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WILMINGTON, Del.--DuPont said it has agreed to enter in January a five-year, $35 million biotechnology research alliance with the Massachusetts Institute of Technology. DuPont said the collaboration will draw upon MIT's science, engineering, and business expertise to extend the reach of DuPont's own scientific expertise in biology, genetics, bioinformatics, and catalysis. The alliance aims to develop processes for new materials directed at bioelec-tronics, biosensors, biomimetic materials, alternative energy sources, and new high-value materials. DuPont will also work with MIT's Sloan School of Management to define new business models for emerging technologies.

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