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GE Invests $7.5M in UConn to Create Electrical Distribution Technologies of Tomorrow

Oct 16, 2012 3:00 PM EDT

General Electric is expanding its relationship with the University of Connecticut’s engineering school by launching a five-year, $7.5 million initiative.

The intiative includes an endowed professorship, scholarship money for undergraduate and graduate students and $3.3 million in funding for company directed research at the school.

It was announced Tuesday at the headquarters of GE’s Industrial Solutions division here. The business unit makes dozens of devices used to control and protect the distribution of electricity.

“This investment in the University of Connecticut is an important step toward creating more meaningful relationships with leading universities,” Bob Gilligan, chief executive officer of GE’s Industrial Solutions business, said in a statement. “The collaboration enables GE to partner with a well-respected institution to create the electrical distribution technologies of tomorrow — enabling us to bring our customers more innovative products and manufacture them in a more cost-effective way.”

SOURCE General Electric (GE)