NTU to set up $60 million research institute for nanomedicine

SINGAPORE - Nanyang Technological University is to set up a $60 million institute focusing on nanomedicine.

An emerging field in drugs, nanomedicine is made up of tiny nano-sized particles thousands of times smaller than a grain of sand.

The new Nanomedicine Institute@NTU is the first of its kind in South-east Asia and will be headed by Professor Subbu Venkatraman, chair of NTU's School of Materials Science and Engineering.

Northwestern University's International Institute of Nanotechnology, headed by Professor Chad Mirkin, will be its main collaborative partner.

Prof Mirkin will also serve as chairman of Nanomedicine Institute@NTU's advisory committee.

Announced on Tuesday by NTU provost, Professor Freddy Boey, the new Nanomedicine Institute@NTU will have $60 million in funding and will focus on developing innovative solutions in diabetes, cardiovascular, ophthalmology and skin therapeutics.

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