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New SUNY Albany Nano-Tech Venture Announced
Assembly Speaker Sheldon Silver and members of the Capital Region’s Assembly delegation joined with Dr. Alain Kaloyeros, president of Albany NanoTech and vice president and chief administrative officer at the University at Albany-SUNY’s College of Nanoscale Science and Engineering (CNSE), University President Kermit Hall and international business leaders in announcing a major new initiative that will reinvent the industry-wide model for computer-chip manufacturing.
The new International Venture for Nanolithography (INVENT) initiative is a first-of-its- kind, global industry-university consortium for research and development, education and technology deployment for future generations of nanolithography applications at the CNSE.
According to Silver, this new, highly synergistic approach will accelerate product development and quicken the time to market, making New York’s statewide high-tech economy more competitive than ever.
The new initiative will also establish CNSE as the premier institution of higher education in the field of nanotechnology and as a national leader in industry-university alliances programs for training the high-tech workforce for the 21st century. Silver said more than $600 million in total public/private sector funds have been committed to INVENT’s development.
“This forward-looking venture provides a new and exciting public-private model that will promote faster and more widespread research and development, deployment and commercialization within this cutting-edge technology,” said Silver. “The work that is being done here at this facility is transforming this region. INVENT will not only promote continued economic growth in the Capital District, the new integrated model will benefit every region of the state by expanding this innovative network to include industry clusters and high-tech corridors across the state.”
According to Silver, the state’s commitment to INVENT was demonstrated by a $75 million allocation for the UAlbany facility that was contained in this year’s state budget. This amount builds on the Assembly’s prior commitments to Albany Nanotech of more than $30 million. All totaled, CNSE has secured combined public-private investment of the more that $600 million in support of INVENT.
The new INVENT model vertically integrates the technical capabilities and financial resources of leading computer-chip manufacturers Advanced Micro Devices (AMD), Infineon Technologies, International Business Machines (IBM) and Micron Technology, with the state-of-the-art facilities at the University at Albany-SUNY (UAlbany) CNSE – affording the companies access to the largest, most leveraged, private partnership to develop and deploy nanolithography solutions.
Visit www.albanynanotech.org
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