Published on Feb 20, 2014 6:11 PM

By Amelia Teng

The Nanyang Technological University (NTU) is partnering the International Institute for Nanotechnology (IIN) to set up a $70 million research institute to develop healthcare innovations in the field of nanotechnology.

The IIN, which was established in 2000 and is part of the Northwestern University in the United States, focuses on research in the field of nanotechnology including medicine.

The new NTU-Northwestern Institute for Nanomedicine will support scientists from around the world working on joint research projects in the areas of disease diagnostics and targeted drug delivery methods, which aim to increase the efficacy of existing drugs. Researchers will also design new methods, like gene silencing, to treat diseases.

NTU President Bertil Andersson announced the collaboration on Monday at the annual American Association for the Advancement of Science meeting held in Chicago.

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NTU and Northwestern University to set up $70 million nanomedicine research institute