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New strategic collaboration with two of New Jerseys leading polytechnic universities New Jersey Institute of Technology (NJIT) and Stevens Institute of Technology (Stevens) to educate, engage and inspire the next generation of data science talent in the region

WHIPPANY, N.J., April 24, 2023--(BUSINESS WIRE)--Today the Consumer Health North America division of Bayer announced a new strategic collaboration with two of New Jerseys leading polytechnic universities New Jersey Institute of Technology (NJIT) and Stevens Institute of Technology (Stevens). Bayer is partnering with these universities to create unique learning opportunities for students in the field of data science as a way to educate, engage and inspire the next generation of data science talent in NJ.

A growing and aging world population and the increasing strain on natures ecosystems are among the major challenges facing humanity today. As one of the worlds leading life sciences companies, Bayer plays a key role in devising solutions to tackle these challenges in line with its vision "Health for all, Hunger for none." The Consumer Health division provides products and services that empower consumers to take charge of their personal health. From treating common ailments to supporting everyday nutrition, Bayer is constantly innovating to find new ways to help people live healthier lives.

"Data is core to informing how we market our products to our consumers and evolve with their changing needs from developing the right messaging to price-point to launch timing. As we continue our digital transformation at Bayer, we expect to engage data science talent to build solutions that leverage our unique data assets. Both NJIT and Stevens generate excellent talent that is critical to our future success in this space," said Manik Gupta, Chief Analytics and Insights Officer, Bayer Consumer Health North America. "At Bayer, we come to work every day because we believe in our purpose Science for a Better Life. We are confident that students at these two institutions will find our vision and purpose compelling," added Gupta.

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As part of Phase One of this new collaboration, the Consumer Health North America division will offer students from NJIT and Stevens multiple avenues to engage with the company, including capstone projects, co-ops, summer internships and sponsored R&D projects. Bayer employees will also provide interview preparation and training as well as showcase the Consumer Health vertical.

"We are delighted to embark on this forward-looking partnership with Bayer Consumer Health, in collaboration with our colleagues at Stevens Institute of Technology," said Craig Gotsman, Dean of Ying Wu College of Computing at NJIT. "The College of Computing has an extensive corporate network which provides our students with many opportunities, and we are keen to expose them to as many companies as possible. Graduating more than 1,000 computing professionals every year, we are a significant contributor to the regional tech talent pipeline. With a significant life sciences partner such as Bayer we look forward to focusing on data science activities and talent in that space, leveraging our new department of Data Science and research Institute for Data Science."

Through this partnership with Bayer, Stevens and NJIT data science students will gain experience in areas such as data preparation, data modeling, enterprise level forecasting, and precision marketing. Bayer is proud to be investing in future talent in New Jersey, which is also home to Bayers U.S. Headquarters.

"Stevens Institute of Technology has a long tradition of preparing the workforces of tomorrow through student research, experiential education and capstone projects particularly in data science," said Gregory Townsend, Senior Director of Corporate, Government and Community Relations. "Stevens' research enterprise is focused on producing results that benefit society, which includes initiatives that support consumer health and well-being. Our data science research, in particular, leverages our expertise in artificial intelligence, machine learning, systems engineering and more. We're very pleased to begin this enhanced relationship with Bayer Consumer Health and our collaborators at NJIT."

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and the planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to driving sustainable development and generating a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2022, the Group employed around 101,000 people and had sales of 50.7 billion euros. R&D expenses before special items amounted to 6.2 billion euros. For more information, go to http://www.bayer.com.

Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at http://www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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Bayer and the Bayer Cross are registered trademarks of Bayer.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230424005215/en/

Contacts

Nicole HayesDirector, U.S. External CommunicationsNicole.Hayes@Bayer.com (201) 421-5268

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