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For This Nanotech Professor, Science Means Business

This story appears in the October 2011 issue of Entrepreneur. Subscribe »
Gurus & Grads
Gurus and Grads
A new crop of grad school professors is moving beyond books and lectures and taking a hands-on approach to getting their students started in business. 

Back in 1988, when Alain Kaloyeros was a newly minted Ph.D. in condensed matter physics, a friend working at IBM told him not to take a job at the University at Albany, State University of New York, saying it was a third-tier school. The friend had a point--at the time, Albany didn't even have an engineering program.

Kaloyeros took the job, however, and less than 20 years later, Albany is home to the of Nanoscale Science and Engineering--the nation's premier nanotech facility--which collaborates with the R&D departments of 250 high-tech companies. Not to mention the $8.5 billion the college has received in private and government investment.

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