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Over the past decade the University of Minnesota has developed significant expertise in nanotechnology teaching and research and has made major investments in faculty, equipment, and central labs to keep us on the cutting edge of this burgeoning new field. The new Physics and Nanotechnology research facilities will strengthen and expand our teaching and research even more, increasing our ability to solve challenges with nanotechnology breakthroughs that will drive careers, discovery, innovation, and the economy. It will also help us draw more research funding to the University of Minnesota and advance education for the next generation of high-tech workers in the state.
The National Science Foundation's National Nano Initiative estimates that the worldwide market for nano-enabled products will be approximately $1 trillion annually by 2015. As a result, nanotechnology will be a major job creator. The new Physics and Nanotechnology building will help us educate a workforce prepared to capture the anticipated job growth locally, nationally, and globally.