DuPont Joins Israel's Office of the Chief Scientist Global Enterprise R&D Cooperation Framework

Fri Mar 15, 2013 2:06am EDT

* Reuters is not responsible for the content in this press release.

TEL AVIV, Israel, March 15, 2013 (GLOBE NEWSWIRE) -- via PRWEB - DuPont 
has joined the Office of the Chief Scientist (OCS)
 in the Ministry of Industry, Trade and Labor Global Enterprise R&D Cooperation Framework. Under
the framework, the OCS provides a one-stop-shop to enable new opportunities for collaboration
between DuPont and Israeli start-up companies. The framework also provides equal investment with
DuPont in R&D projects in the areas of food, energy and protection.

DuPont Senior Vice President and Chief Science & Technology Officer Douglas Muzyka
 and DuPont Technology & Innovation Director EMEA Simone Arizzi signed an industrial R&D
cooperation agreement with the OCS to join the framework. The framework members now total 24.

"DuPont has a rich tradition and reputation on innovation," said Chief Scientist Avi Hasson. "We
are very pleased to announce this cooperation agreement with the OCS, demonstrating the high
innovative profile and potential to develop joint projects in the future."

"Scientific collaboration is more important than ever as we work to solve some of the world's most
pressing challenges," said Muzyka. "The OCS provides an excellent framework to connect DuPont with
new science companies in Israel. Through DuPont global science and tapping into local talent, we
believe we can create new solutions for our customers worldwide."

"Israel offers tremendous opportunities for innovation in the areas of food, energy and protection
of people and the environment which are critical to DuPont," said Arizzi, underscoring the
market-driven innovation strategy of DuPont. "Joining this framework will help us to identify
collaboration opportunities faster and to accelerate the pace of innovation in the markets where
we operate."

According to Hasson, the framework has become "the preferred route for many corporations for
mutual R&D projects with Israeli companies."

The Global Enterprise R&D Cooperation framework offers a unique plan for technological cooperation
between Israeli companies and multinational corporations. According to the framework, the OCS
assists such corporations by locating Israeli technologies that fit their needs and provides
financial support to finance the R&D project. The corporations support the project in equal value
- either by investing funds in the R&D and/or allocating the necessary resources and means.

In this way the corporations benefit from cutting-edge innovative technology being developed
according to their specific needs and the Israeli companies benefit from the potential growth and
global opportunities becoming available by partnering with the corporations.

DuPont (NYSE:DD) has been bringing world-class science and engineering to the global marketplace
in the form of innovative products, materials, and services since 1802. The company believes that
by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions
to such global challenges as providing enough healthy food for people everywhere, decreasing
dependence on fossil fuels, and protecting life and the environment. For additional information
about DuPont and its commitment to inclusive innovation, please visit .

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         Jane Bachmann