Friday October 23, 2015 0 comments
FORT COLLINS -- Research spending at Colorado State University reached $317.2 million in Fiscal Year 2015, an increase from $308 million spent by researchers in 2014, CSU reported.
Foundation-related spending increased by 41 percent to $7.9 million, while spending from federal funding sources increased by 3 percent to $219.3 million.
The spending report marks the eighth consecutive year that research spending at CSU has topped $300 million.
The increase in spending comes at a time when federal funding for research and development is on the decline, CSU noted.
“You don’t have to look hard to find headlines that describe what’s happening across the country with the decline in federal research dollars,” said Alan Rudolph, CSU’s VP of research.
“It is inspiring to see that CSU faculty, researchers, graduate students and staff have worked very hard to combat the current challenges. The payoff for taxpayers and the average citizen will come in the form of research findings that will truly make a difference around the world.”
CSU also reached or tied records this past year for industry-related revenue, license agreements and patents issues, said Todd Headley, president of CSU Ventures, the tech transfer and commercialization agent for the university.
“This was another very good year to see the impact of commercialization by our researchers, faculty and students,” Headley said.
Researchers filed 92 invention disclosures and were issued 49 patents in Fiscal 2015. CSU Ventures also negotiated 43 agreements with companies to license CSU technologies, while industry-related revenue increased by 276 percent to $4.78 million, CSU said.
Five new startup companies were also formed by CSU researchers in Fiscal 2015, the university said.