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NRC, Alberta Set in Motion a World-Class Center for Nanotechnology
Wednesday, November 14, 2001
(12:18 PM ET)
Canadian Corporate News

"As the University of Alberta has unique world-class strengths in the area of nanotechnology, this partnership with the new institute will give us the tools to become world leaders in the nanotechnology sector."

EDMONTON, Alberta -- CCN Newswire via COMTEX
The Government of Canada, through the National Research Council, enters into an agreement with Alberta establishing the National Institute for Nanotechnology.

The Governments of Canada and Alberta, as well as the University of Alberta (U of A) today signed a Memorandum of Understanding (MOU) to build the new National Research Council (NRC) National Institute for Nanotechnology (NINT) at the University of Alberta in Edmonton, Alberta. The institute and its partners will directly employ a total of 150 people.

The MOU will ensure close cooperation and co-ordination between all parties to establish outstanding research and development (R&D) programs, train highly-qualified personnel, and transfer technology.

The MOU was signed by the Honourable Anne McLellan, Minister of Justice and Attorney General of Canada on behalf of the Honourable Brian Tobin, Minister of Industry, the Honourable Victor Doerksen, Minister of Alberta Innovation & Science, Dr. Rod Fraser, U of A President and Dr. Arthur Carty, President, National Research Council (NRC).

The $120 million state-of-the-art institute announced by Prime Minister Jean Chretien and Alberta Premier Ralph Klein on August, 17, 2001, will operate as a collaborative venture involving NRC and Alberta. Alberta will contribute $60 million over five years and the Government of Canada will contribute the additional $60 million, as well as invest at least $12 million in ongoing operating costs after year five.
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2001 © Canadian Corporate News.

Dan