Chungnam National University is selected to take part in the government’s National Research Lab (NRL) 2.0 project and lead theranostics research, the university said. The project is funded by South Korea’s Ministry of Education and the Ministry of Science and ICT. Chungnam National University will work alongside three other universities—Seoul National University, Sungkyunkwan University and Changwon National University—each selected from more than 30 applicants through an evaluation process. The NRL 2.0 initiative is described as a national R&D effort aimed at securing world-class fundamental technologies and strengthening the country’s competitiveness in strategic technologies. Under the program, the participating universities are expected to establish globally competitive research institutes that involve cooperation among government-funded research organizations, companies and hospitals. The university said it will receive 10 billion won in annual research funding for a 10-year period, as part of the overall funding framework for the selected institutions.