Tuesday September 18, 2012 0 comments
FORT COLLINS - Despite significant cutbacks in federal funding, Colorado State University held its place as one of the top-performing research institutions in the nation, growing annual research spending to about $340 million in fiscal year 2012, which ended June 30.
The research dollars set a new record high for CSU and mark the fifth year in a row that spending has exceeded $300 million, the university announced.
The increase in research funding keeps CSU in the top tier of schools nationally. In the most recent report from the National Science Foundation for fiscal year 2008-2009, CSU ranked second in the nation among public research universities without a medical school.
In the latest fiscal year, research expenditures grew from $330 million to $340 million.
"These research expenditures represent an achievement for CSU and its faculty, who are competitive in a world of declining or flat financial resources," said Bill Farland, CSU's vice president for research.
"The investment that private industry and federal agencies continue to make in our programs indicates they are confident in our abilities to conduct cutting-edge research that is helping people and even creating jobs."
CSU submitted 2,255 funding proposals in FY 2012, up 7.5 percent over the previous fiscal year and an all-time high.
Federal funding accounted for 67 percent of the total research dollars, with the U.S. Department of Health and Human Services highest at $52.3 million.
In the past seven years, CSU research expenditures have grown from $267.4 million in 2006 to $340 million in 2012, a 27 percent increase.