Power and automation technology provider ABB has selected 40 research projects for funding after inviting academic and research institutes around the world to submit proposals for grants that will shape the future of power and automation, the company said Feb. 21.
The ABB Research Grant program supports promising graduate students and senior researchers who are researching projects with industrial applications in the power and automation area. The 40 projects were chosen from more than 500 proposals submitted by more than 250 universities in 46 countries.
ABB already has about 100 existing research collaborations with universities around the world, and the company expects to fund 40 to 50 new projects each year, says ABB Chief Technology Officer Prith Banerjee.
Among the selection criteria was how well projects matched the 33 research topics specified by ABB as well as their potential for industrialization.
“We were looking in particular for projects that support our strategy, which is to develop power and automation technologies that save energy and improve people’s lives,” Banerjee said.
Grants typically range from $50,000 to $80,000 a year, and funding is initially for one year, but ABB expects to support the projects over a longer period of time. The successful project leaders were notified in January and funding will start as soon as the contractual formalities have been concluded.
For more information, visit www.abb.com.