On Sept. 21, 2015, Rice University announced an investment of more than $150 million in strategic initiatives aimed at increasing its research competitiveness, establishing a world-renowned program in data sciences and bolstering its position as one of the leading centers for molecular nanotechnology research.

The plans called for a $49 million reinvestment in molecular nanotechnology, as well as a $43 million investment to establish a world-class program in data sciences.