U fund to support nano research

The Institute of Technology is seeking private gifts to endow a

new $10 million basic science and nanotechnology research fund.

Unique in its size and flexibility, the fund would generate an

annual income of $500,000 to finance promising cutting-edge research

that often isn't funded by other sources. According to Dean H. Ted

Davis, that income will give IT the resources and flexibility to

seize promising research opportunities.

"This new endowment will enable IT's best, most talented faculty

to pursue new avenues of scientific inquiry that hold the key to

future innovations," says Davis. "A swift response [to unforeseen

research opportunities and challenges] will help us remain competitive."

Several major gifts to this fund were pending at press time. For

more information contact IT's development office (612-624-5537).