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Philanthropist to Award $1-Million Science Prizes

From Times Wire Reports

A Norwegian-born philanthropist who made a $340-million fortune in California said he would award $1-million prizes for astrophysics, neuroscience and nanotechnology every other year beginning in 2008.

Fred Kavli, a physicist who funds 10 science institutes, including one at Stanford University, made his fortune with a firm making sensors used for flight control and cars.

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