Deere & Co. has opened a strategic technology office in the Iowa State University Research Park, in a move to increase its campus presence at ISU.
"We are delighted that John Deere is establishing a physical presence at the ISU Research Park," ISU President Steven Leath said in a release. "This is a significant step forward in creating a world-class research park and fortifying our university-industry partnership model to promote top talent and innovation."
Teams working at the Deere ISU location will focus on developing integrated solutions for John Deere's Agriculture & Turf and Construction & Forestry Divisions. One key area of concentration will be precision agriculture technology.
The office will allow John Deere to leverage the work of ISU students and its research and to develop a talent pipeline in support of the company's business objectives, the Moline, Ill.-based equipment manufacturer said. The initiative expands Deere's recent work with ISU that has included funding some activities at the university's research farm.
"Working with Iowa State University helps John Deere continue its leadership in precision agriculture and many other areas of technology that are important to our customers," said John May, Deere's president of agricultural solutions and its chief information officer. "This new office at ISU will conduct groundbreaking research, engage future leaders of our industry, and will add to the extensive innovation and research capabilities that John Deere has invested in around the world."
Deere has signed a one-year lease for 2,000 square feet of office space initially, ISU Research Park President Steve Carter said.
"I think it's fair to say they see this as part of a strategy to expand their relationship with Iowa State," Carter said. "With other companies, it has been shown that proximity to the physical and human resources of the university generally leads to expansion in the relationship and interaction. We expect to see John Deere's presence expand over time; that's certainly our goal."
Read a story about ISU Research Park's growth at BusinessRecord.com.