Having failed to attract capital from public funds, the University of Twente is financing improvement of the facilities at the Nanolab by itself. Over the next ten years, 15.5 million euros will be used to upgrade equipment at the nanotechnology and photonics laboratory. The Nanolab secured a 5 million euro loan from the Toekomstfondskrediet Onderzoeksfaciliteiten, while the rest of the money is to be collected through growing proceeds. The university agreed to stand surety for the financial arrangement. “Nanotechnology is a pillar of our organization, which is why the investment is in order,” executive board vice-chairman Mirjam Bult told U-Today (link in Dutch).