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LOWELL - Massachusetts Technology Collaborative Executive Director Mitchell Adams today joined State Senator Steven Panagiotakos, University of Massachusetts President Jack Wilson as well as state and local officials to announce a $5 million award to develop a new Center of Excellence in Nanomanufacturing at UMass Lowell. This is the first major award provided by MTC's John Adams Innovation Institute.
The Center will address critical needs related to the successful commercialization of nanotechnology, including the creation and discovery of new knowledge, the resolution of key processing problems, and the provision of a highly trained labor force. Nanotechnology has enormous potential to impact a broad spectrum of industries in Massachusetts including electronics and biomedicine. The Center was part of a consortium with Northeastern University and the University of New Hampshire to receive a $12.4 million National Science Foundation award to establish a Nanotechnology Science and Engineering Center.
"Massachusetts is among the top states in the nation working to develop nanotechnology, and this investment leverages both private and public investment in the region," said Adams. "As a leading technology state, we are pushing the envelope to ensure that breakthroughs in nanotechnology lead directly to the creation of new products and jobs for Massachusetts."
Funding for the Center comes from a $20 Million University Investment Fund managed by MTC's John Adams Innovation Institute, which was created by the Economic Stimulus Bill signed into law earlier this year to make strategic investments that support the state's knowledge-based economy
"This is the type of investment that we envisioned when the John Adams Innovation Institute was established, because it's seeding research in new technology which has the potential to produce thousands upon thousands of jobs in this Commonwealth," said State Senator Steven C. Panagiotakos.
"Development of nanomanufacturing processes has the highest potential to drive significant commercial activity in Massachusetts," said UML Chancellor William T. Hogan. "The support of the Massachusetts House, Senate and Governor for funding for a center of excellence has strongly augmented the ability of the Lowell campus, within the University of Massachusetts, to assist the state in gaining significant economic advantage from nanotechnologies."
The Massachusetts Technology Collaborative is a quasi-public economic development agency. The John Adams Innovation Institute is a division of MTC, which promotes growth of the Innovation Economy throughout the Commonwealth by conducting economic analysis, promoting collaboration among key stakeholders, supporting sound policymaking, and providing strategic investments for technology-based economic development. For additional information about MTC and its programs and initiatives, please visit our website at www.masstech.org.
The University of Massachusetts Lowell, a comprehensive university with special expertise in applied science and technology, is committed to educating students for lifelong success and conducting research and outreach activities that sustain the economic, environmental and social health of the region. UML offers its 12,000 undergraduate and graduate students more than 80 degree programs in the colleges of Arts and Sciences, Engineering and Management, and the School of Health and Environment and the Graduate School of Education. Visit the website at www.uml.edu.