The General Assembly finds and declares that:
(1) nanobiotechnology offers tremendous potential to revolutionize medical and life science research and to enable discoveries that will enrich and improve the quality of life for the people of the State;
(2) the provision of funds for nanobiotechnology projects is vital to supporting this emerging technology; and
(3) fostering partnerships among federal institutions, private sector entities, and institutions of higher education will help secure the State’s position as a leader in nanobiotechnology research and assist in securing the State’s economic future.
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