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November 10th, 2004
The Gordon and Betty Moore Foundation has awarded a $25.4 million grant to the California Institute of Technology to establish the Nanoscale Systems Initiative (NSI). The grant will support one of the scientific and technological community's promising research avenues--the creation of extremely tiny devices to augment and in some cases displace the state-of-the-art electronic systems of today.
According to Michael Roukes, professor of physics, applied physics, and bioengineering at Caltech and founding director of the initiative, the new funding significantly augments the work at Caltech that is already at the forefront of the nanoscience revolution. Earlier this year, the Kavli Nanoscience Institute was founded at Caltech with a $7.5 million grant.
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