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UK, Lexmark collaboration to boost innovation, economic development

LEXINGTON, Ky. — The University of Kentucky and Lexmark International are embarking on the next chapter in their longstanding partnership through a new agreement designed to accelerate innovation and spur economic growth. Lexmark is also sponsoring a new scholarship program for women and minority engineering students.

The agreement, known as the Lexmark-UK Collaboration Guidelines, details intentional ways the two entities will work together to develop innovation that results in viable business opportunities. The collaboration will also encourage faculty across campus to submit proposals to Lexmark for funding.

The agreement builds upon the license agreement between UK and Lexmark made last year. Led by the UK Office of Business Engagement, the new agreement is a joint development effort between Lexmark, Lexmark Ventures, the UK Research Foundation, the Office of Technology Commercialization, the College of Engineering, and UK Corporate and Foundations Relations.

In addition to the collaborative agreement, Lexmark will also partner with the UK College of Engineering to offer two, $10,000 annual scholarships to one woman and one underrepresented minority student majoring in engineering. The scholarships also come with a paid, 10-week summer internship at Lexmark headquarters in Lexington.

The annual commitment will begin in 2021 and continue for an initial period of five years, with an option to be renewed. For more information about the scholarships, contact Jana Kennelly at [email protected].

For more information about UK/Lexmark collaboration, contact Kim Kluemper at [email protected].