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).