Novozymes to fund new academy at DTU  

Novozymes puts DKK 10 million into establishing a postgraduate research centre at the Technical University of Denmark
Ingeniøren's website reports that Novozymes is putting DKK 10 million (USD 1.3 million) into the establishment of "The Novozymes Bioprocess Academy" at the Technical University of Denmark (DTU). The Academy will focus on research into chemical methods of making biotechnology production processes more effective. A five year cooperation with an annual budget of up to DKK 4 million (USD 0.5 million) has been agreed between the two parties, and the first PhD students are expected to start in spring 2003. Through the deal, Novozymes aims to ensure that research will be carried out in the company's core business area while DTU gains support in ensuring that its strong position in biotechnology is maintained. DTU also foresees future benefits in being able to provide the market with people possessing a combination of technical chemical competencies and thorough biochemical knowledge.

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