<p>Some of this money is likely funding J. Fraser Stoddarts recruitment to Northwestern - quite a coup for the school. This may well prove the difference between being one of the nations top nanotechnology programs to becoming, as the Chicago Tribune argues, the nations top nanotechnology research center. In addition to the hundreds of millions going to the endowment and projects like this, with Lyrica sales at near $2 billion a year, Northwestern will likely continue to see tens of millions yearly from continued royalties. That’s a lot of new money coming in for years to come to play with.</p>
<p>From the Trib article:</p>
<p>Northwestern has been using some of its Lyrica royalties bonanza to fund its drive to become the nation’s top nanotechnology research center. The university has vowed to hire more scientific superstars in the coming year, relying on the prestige of its nanotech team and cash from royalty payments to attract more talent.</p>
<p>This summer it recruited J. Fraser Stoddart and his team of 20 researchers from the University of California at Los Angeles. Next month Stoddart will join NU stars Chad Mirkin, Mark Ratner and Sam Stupp at the university’s nanotech center.</p>
<p>[Nanotechnology</a> Star Fraser Stoddart to Join Northwestern, NewsCenter, Northwestern University](<a href=“http://www.northwestern.edu/newscenter/stories/2007/08/stoddart.html]Nanotechnology”>Nanotechnology Star Fraser Stoddart to Join Northwestern: Northwestern University News)</p>
<p>[Fraser</a> Stoddart Receives Albert Einstein World Award of Science, NewsCenter, Northwestern University](<a href=“http://www.northwestern.edu/newscenter/stories/2007/12/stoddart.html]Fraser”>Fraser Stoddart Receives Albert Einstein World Award of Science: Northwestern University News)</p>