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May 2nd, 2005
Norwegian plans rivals to Nobel science prizes
Nobel science prizes will face a "more daring" rival from 2008 with $1 million awards for research into everything from the "big bang" to the brain, a Norwegian-born philanthropist said on Monday.
Fred Kavli, a physicist who left Norway in 1955 with $300 and turned it into a $340 million fortune in California, said he was setting up three prizes for astrophysics, neuroscience and nanotechnology -- the use of molecule-sized devices.
(Ed.'s Note: See What is Nanotechnology? for a better definition of nanotechnology.)
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