Research expenditures for Colorado State University scientists reached $317.2 million in Fiscal Year 2015, an increase from $308 million over the previous year. The increase further strengthens the University’s role as a major research institution and contributor to the state’s economy and innovation ecosystem.
Included in the total: Foundation-related spending increased by 41 percent — to $7.9 million, from $5.6 million — and expenditures from federal funding increased by 3 percent, to $219.3 million. This marks the eighth consecutive year research expenditures at CSU have topped $300 million.
The release of these figures comes at a time when the latest national figures show a decline in federal funding for research and development, based on statistics from the American Association for the Advancement of Science.
Alan Rudolph, CSU’s vice president for research, said that given the federal funding pressures, it is heartening to see that the university’s research-related spending is on the rise.
“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,” Rudolph said. “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.”
University researchers received three Major Research Instrumentation Program awards from the National Science Foundation in 2015, just one example of the level of prestigious grants landed.
Very good year for commercialization
CSU also reached or tied records this past year for industry-related revenue, license agreements and patents issued, according to Todd Headley, president of CSU Ventures, the technology 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,” said Headley.
Researchers filed 92 invention disclosures and were issued 49 patents. CSU Ventures also negotiated 43 agreements with companies to license CSU technologies. Industry-related revenue increased by 276 percent, to $4.78 million, in FY 2015.
Expenditures for research supported by the National Science Foundation totaled $31.7 million in FY 2015, which is up from $31.6 million in 2014. In addition, research expenditures for projects backed by agencies including the National Oceanic and Atmospheric Administration, U.S. Department of Education and the U.S. Agency for International Development increased by 22 percent, to $45.4 million.
Other FY 2015 research highlights at Colorado State University include:
- United States Department of Agriculture research expenditures were $37.5 million.
- Department of Defense-related expenditures were $49.8 million.
- CSU researchers formed five new startup companies.