The Nanotechnology Institute awarded more than $2 million in grants to 30 university and research scientists in the Philadelphia area, reports the Philadelphia Business Journal.

The grants are meant to fund development and commercialization of intellectual property in the field of nanotechnology, which involves working with substances on a molecular scale.
Nanotechnology gets its name from the nanometer, a measurement unit that is one billionth of a meter.

Original Souce: Philadelphia Business Journal
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