The grant from Siemens PLM Software has  a commercial value of $538 million.

"This partnership is a tremendous opportunity for IUPUI students to benefit from having access to state-of-the-art technology that will help prepare them for an evolving 21st Century advanced manufacturing economy," said IUPUI Chancellor Charles R. Bantz.  "We thank Siemens for their vision and commitment and look forward to realizing the great potential of this collaboration."

The in-kind grant gives students access to the same product lifecycle management PLM technology that companies around the world depend on every day to develop innovative products in a wide variety of industries including automotive, aerospace, machinery, shipbuilding, high-tech electronics and many more. Graduates with this type of software training are highly-recruited candidates for advanced technology jobs.

"This partnership enables us to meet the needs of employers and prepare students for these significant high-paying STEM careers," said David J. Russomanno, dean, Purdue School of Engineering and Technology.

The in-kind grant was provided by Siemens PLM Software's academic program that delivers PLM software technology to more than one million students yearly at more than 12,000 global institutions. The software provided is used at every academic level -- from grade schools to graduate engineering research programs.

The initiative, jointly spearheaded by the Purdue School of Engineering and Technology and the Office of the Vice Chancellor for Research at IUPUI, will incorporate the state-of-the-art software in both teaching and research activities.

"We are delighted to work with Siemens PLM Software to provide IUPUI students and researchers with a leading-edge technology platform for transforming ideas into innovative products," said Kody Varahramyan, IUPUI's Vice Chancellor for Research.

Siemens PLM Software is a leading global provider of product lifecycle management PLM software and services with 9 million licensed seats and more than 77,000 customers worldwide, delivering open solutions to help its customers make smarter decisions that result in better products.

The in-kind grant to IUPUI includes Siemens PLM Software's:

Teamcenter® portfolio, the world's most widely used digital lifecycle management software

Tecnomatix® portfolio, the industry-leading digital manufacturing software

NX™ software, a leading integrated solution for computer-aided design, manufacturing and engineering (CAD/CAM/CAE)

Solid Edge® software, the most complete hybrid 2D/3D CAD system

Fibersim™ portfolio of software for composites engineering

"We know STEM jobs are on the rise and yet many of our customers today cannot find technically qualified candidates," said Bill Boswell, senior director, partner strategy, Siemens PLM Software. "This grant enables IUPUI to bridge the technical skills gap and provide industries with graduates prepared for rewarding STEM careers."

"We have met with the Purdue School of Engineering and Technology as they explore the issues and status of product life cycle management incorporation, methodologies and tools.  It is really exciting to see how interested their team is in capturing the industry perspective," said Vince Newsom, engineering group manager at Delphi Automotive PLC. "I wish them every success as they establish this new initiative and look forward to working with them in the future.  The initiative will be a real asset for industry in Central Indiana."

Source: IUPUI News