Pasadena-based Caltech (kni.caltech.edu) reports that it has received a $7.5M grant from Fred Kavli and the Kavli Foundation to create a new institute focused on nanotechnology. The new center will focus on innovative research at the frontiers of nanoscale science and engineering, according to the University. Professor Michael Roukes has been named the director of the institute. Kavli is the founder, chair, and CEO of Moorpark-based Kavlico.