Written by Staff •
Issue: August 9, 2012
• Campus: Anschutz Medical Campus, CU Denver, CU system, CU-Boulder, Tech Transfer, UCCS
• Tags: Bruce Benson, research
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Work by University of Colorado faculty garnered $815.3 million in sponsored research funding in fiscal year 2011-12, a rise of nearly $22 million over the previous fiscal year.
The preliminary figures indicate one of the highest research totals in CU history; the only higher total came in fiscal year 2009-10, when one-time federal stimulus dollars contributed to a final tally of $884.1 million. Last year’s total was $793.5 million.
Sponsored research funding from federal, state and local agencies targets specific projects to advance research in laboratories and in the field. Research funding also helps pay for research-related capital improvements, scientific equipment, travel and salaries for research and support staff and student assistantships. CU cannot divert these dollars to fund non-research related expenses such as utilities, compensation, student financial aid or grounds maintenance.
“The increase in this critical stream is an extremely positive reflection of academic and research advancement at CU,” said CU President Bruce D. Benson. “Our research benefits the greater good in Colorado and beyond, not only in scientific gain, but in economic development.”
Much sponsored research funding is directed to departments and researchers with unique expertise, such as biotechnology and aerospace, which stimulates industry. Via the CU Technology Transfer Office, CU research commercialization has led to the formation of 114 companies, 11 of which were established in fiscal year 2010-11.
Fiscal year 2011-12 sponsored research funding across CU, broken down by campus: