HP's New Tack on Research Grants

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Hewlett-Packard is shaking up the way it sponsors university research. The computer maker is redoubling efforts to tie grants more closely to work in its labs.

To that end, Hewlett-Packard (HPQ) issued an open call in May, inviting researchers from around the world to submit proposals for research in one of 49 areas of particular interest to HP. Results were announced Aug. 14, when HP said it awarded 41 professors as much as $100,000 apiece.