Big Bucks for Tiny Technology

Universities rush to cash in on 'nano' inventions, while skeptics warn that windfalls may prove elusive

Nobody on this University of Massachusetts campus imagined that the institution might be creating the next darling of the nanotechnology world when it set out to create a solar-energy company based on a scientific breakthrough by its best-known professor.

People here thought they were commercializing a plastics invention.

Four years later, that spinoff, Konarka Technologies, has attracted nearly $35-million in venture capital and is considered by many in the emerging

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