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DuPont Joins InnoCentive's Online Network for Scientific R&D Collaboration

Global Science Company to Augment Scientific Innovation by Accessing InnoCentive's Global Community of More Than 60,000 Scientists

ANDOVER, Mass.--(BUSINESS WIRE)--May 26, 2004--

InnoCentive today announced DuPont as the newest member of its online scientific network. As an InnoCentive "Seeker," DuPont will have the opportunity to increase its R&D potential by posting Challenges to a worldwide scientific community without compromising its confidentiality and intellectual property interests.
"Since its founding more than 200 years ago, DuPont has remained committed to scientific innovation. Our partnership with InnoCentive will enable us to translate more of our ideas into valuable solutions," said Michael A. Blaustein, open innovation leader, DuPont. "DuPont prides itself on its substantial R&D portfolio, and with products and services in a wide range of markets, InnoCentive will enable us to more quickly create new products, discover new opportunities and stay on the front lines of innovation."

Through a confidential Web site, www.innocentive.com, "Seeker" companies like DuPont can post their toughest R&D Challenges to more than 60,000 scientists and researchers in 150 countries worldwide. These "Solvers" can respond with solutions to Challenges and earn a financial reward of up to USD $100,000 if a viable solution is ultimately submitted.

"With DuPont, InnoCentive continues its mission of addressing the R&D challenges of leading, global companies by connecting them to the world's brightest scientific minds," said Darren J. Carroll, CEO, InnoCentive. "InnoCentive's community of Solvers is growing exponentially, and we are thrilled that DuPont will be able to leverage this stellar group of scientists to augment its R&D initiatives."

"We look forward to working with a company of DuPont's stature and helping it reach its goals of developing innovative products more quickly and efficiently," said Cesar Castro, vice president of business development, InnoCentive.

About InnoCentive

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 venture of Eli Lilly and Company, a leading innovation-driven pharmaceutical company. To learn more, visit the InnoCentive Web site at www.innocentive.com.

InnoCentive and InnoCentive Challenge are registered trademarks of InnoCentive, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.

Contacts


Schwartz Communications
Lauren Arnold, 781-684-0770
innocentive@schwartz-pr.com

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