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Rose-Hulman Ventures
Signs Agreement with Crane
Rose-Hulman Institute of Technology, Purdue and Indiana universities signed
Memorandums of Understanding on September 5, 2002 with Crane Division, Naval
Surface Warfare Center (NSWC Crane) to enhance economic development in the
state while pursuing long-term strategic partnerships. Through these
partnership new fields for research and development, technology assistance,
business incubation, and training programs will be explored to support and
encourage small technology-based businesses in Indiana.
Jim Eifert, president of Rose-Hulman Ventures and Brij Khorana,
vice-president of Rose-Hulman Ventures, participated in the signing
ceremony. Khorana said, “The agreement will expand the opportunity to
develop high-tech businesses and additional educational opportunities for
students.”
The value of teaming with universities is well established at NSWC Crane
through numerous successful collaborations. Projects have included
investigation and development in fuel cells, chemical/biological detection,
data storage, knowledge management and projection, radiation hardened
electronics, and solid state radar. “Indiana universities are nationally
recognized in research and engineering, and the ability to team with them is
an opportunity that we can’t ignore,” said Duane Embree, executive director
of NSWC Crane. Captain Dan Wise, Commander of NSWC Crane, stated, “We at
Crane recognize that working with industrial and academic institutions will
result in end products that serve both military and industrial
applications.”
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