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HP Newsroom > News releases![]() News release |
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HP Selects 41 Professors for Innovation Research Awards PALO ALTO, Calif., Aug. 14, 2008HP today announced the 41 professors it has selected to receive its HP Labs Innovation Research Awards, which fund strategic joint research projects between academic research institutions worldwide and HP Labs, the company’s central research arm. As part of a newly announced open and competitive process that reviewed more than 450 proposals from 200 universities in 28 countries spanning the globe, HP selected 41 projects at 34 institutions. Selected professors represent U.S. institutions including Massachusetts Institute of Technology, Stanford University and University of California, Berkeley, while selected international institutions include Germany’s Technische Universitaet Muenchen, the Russian Academy of Sciences, Indian Institutes of Technology and China’s Tsinghua University. “Today, no one has locked up the really good ideas. To stay competitive, the technology industry has to have internal and external innovation paths,” said Henry Chesbrough, author of three books on open innovation and executive director of the Center for Open Innovation at the University of California, Berkeley. “Industry-academia collaboration is an open innovation example that can provide competitive advantage to companies that know how to leverage the enormous creative potential of university researchers.” Awardees will work with HP Labs researchers on speculative and potentially game-changing research, the results of which are expected to generate the next set of technology breakthroughs in the areas of information explosion, dynamic cloud services, content transformation, intelligent infrastructure and sustainability. HP will work with the world’s leading academic researchers and project topics cover a wide range of challenging technical problems, including nano-photonic quantum systems research (High-Speed Hybrid Silicon Lasers), social computing and how it relates to the diffusion of knowledge (Diffusion of Good Ideas Among Mega-Regions), and the development of sustainable IT ecosystems (Modeling Tools for Data Center Energy Performance and Sustainability). “Deepening HP Labs’ strategic collaboration with those in academia, government and the commercial sector ensures HP’s research endeavors result in high-impact research that meets the scientific and business objectives of HP and its partners,” said Prith Banerjee, senior vice president, Research, HP, and director, HP Labs. “The professors’ deep technical expertise, HP Labs researchers’ domain and industry knowledge, and governments’ abilities to fund innovative research will come together to address the world’s most complex IT challenges.” HP Labs Innovation Research Awards provide project funding of up to $100,000 for one year to each academic institution and are renewable for a total of three years based on research progress and HP business requirements. These awards include support for one graduate student researcher, who is also eligible to apply to the HP Labs internship program. The next request for proposals is planned for spring 2009. 2008 HP Labs Innovation research program winners by region: Americas
Asia Pacific
Europe, the Middle East and Africa
More information about the awards and selected proposals is available at www.hpl.hp.com/open_innovation/irp. About HP HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at http://www.hp.com. This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements. © 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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