The world-wide patent rights have been licensed by the university to Nanovation Technologies in Florida. The company hopes to develop an optical circuit which would contain thousands of microcavity lasers on a single semiconductor chip. Tests carried out by the company at Northwestern suggest that such a chip could increase the speed and information capacity of existing chip technology by at least a hundred-fold. In return for the patent rights Nanovation Technologies financed the construction of a state-of-the-art nanofabrication laboratory and clean room on the university campus - the first such facility dedicated to nanophotonics research in the US.