WEST LAFAYETTE, Ind. (WOWO): Officials with Purdue University announced Thursday afternoon, that GE Global Research will invest up to $10 million in a five-year partnership focused on research and development in advanced manufacturing.
The GE/Purdue Partnership in Research and Innovation in Advanced Manufacturing (GE/Purdue PRIAM) aims to create a new era in manufacturing. According to Inside Indiana Business, the partnership will also promote new technology and push lower costs for manufacturing, all while trying to improve speed and innovation.
Along with new technology development, GE/Purdue PRIAM will provide educational and engagement opportunities for Purdue students and GE employees to help ensure future manufacturing workforce needs are addressed.
“This collaboration opens the way for Purdue and GE to move manufacturing far into the future,” said Purdue President Mitch Daniels. “As we do that, we'll be giving our students the chance to be a part of this transformation, preparing them for careers on that new frontier.
“Purdue's expertise in advanced manufacturing research and development and our long-standing relationship with GE make this partnership a natural. It is difficult to overestimate the potential benefits to Purdue and GE.”
Mark Little, GE senior vice president and chief technology officer, said, “In today's global economy, manufacturing competitiveness starts with having the best technology and people to innovate, design and produce world-class products at the right cost and scale for our customers. We will be investing in both through our advanced manufacturing partnership with Purdue. Together, we will work to deliver the right technologies, while preparing the future manufacturing workforce to run ever faster, more productive brilliant factories.”