Andover, Massachussett
March 24, 2003
InnoCentive® today announced that Syngenta
has joined InnoCentive's online scientific forum, a global
community where world-class scientists and companies collaborate
to solve research and development (R&D) problems.
As the newest member of InnoCentive's "Seeker" community,
Syngenta has already begun to post tough scientific problems on
the InnoCentive Website,
www.innocentive.com. More than 20,000 leading scientists and
researchers in 125 countries make up the InnoCentive community
of "Solvers" who can submit solutions and receive a financial
award. Solvers range from retirees to large contract research
organizations to employed scientists solving InnoCentive
Challenges(TM) in their spare time.
"Through InnoCentive, Syngenta should be able to significantly
enhance its current research initiatives," said Jill A. Panetta,
PhD, chief scientific officer of InnoCentive. "InnoCentive
provides Syngenta, like all other Seekers, with a secure way to
tap the knowledge and expertise of a global community of
scientists. We have found that this multi-disciplinary
environment often leads to novel and unexpected solutions that
otherwise would not have been possible."
Each InnoCentive Challenge submitted by a Seeker company
includes a detailed description and requirements, a deadline and
an award amount for the best solution. InnoCentive publishes the
Challenges on its Website,
www.innocentive.com, and works with scientists around the
world to generate high-quality solutions. The Seeker company
reviews all submissions, and awards are issued by InnoCentive
for only the best solutions that meet the Seeker's requirements.
Award amounts typically range from USD $5,000 to $100,000. The
name of the Seeker company remains confidential
and secure for any scientific challenge posted on
innocentive.com.
Syngenta is a world-leading
agribusiness. The company is a leader in crop protection and
ranks third in the high-value commercial seeds market. Sales in
2002 were approximately US $6.2 billion. Syngenta employs some
20,000 people in over 90 countries. The company is committed to
sustainable agriculture through innovative research and
technology. Syngenta is listed on the Swiss stock exchange
(SYNN) and in London (SYA), New York (SYT) and Stockholm (SYN).
Further information is available at
www.syngenta.com.
InnoCentive is the first online forum that allows world-class
scientists and science-based companies to collaborate in a
global scientific community to achieve innovative solutions to
complex challenges. InnoCentive is an e-business company of Eli
Lilly and Company, a leading innovation-driven pharmaceutical
company. To learn more, visit the InnoCentive Website at
www.innocentive.com.
InnoCentive is a registered trademark of InnoCentive, Inc. Other
product or service names mentioned herein are the trademarks of
their respective owners.
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