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March 3rd, 2003
Nextel announces innovation prize
The eight grants, in various amounts up to $50,000, are going to MIT engineering faculty members and are intended to vault concept-stage research into innovative products and services. Deshpande says he is ''confident that the disruptive technologies that we are funding will make a significant impact on the market.'' The center plans to award $15 million in additional grants over the next four years, including a new round this fall.
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