IU Touts Record Research, Philanthropic Funding
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndiana University is reporting external funding and private philanthropy of close to $1 billion in fiscal year 2016. The school also says it received a record number of U.S. patents and a "dramatic increase" in licensing agreements.
The university is reporting $614.1 million in external funding for research and other activities and $524.1 million in private and philanthropic contributions for the fiscal year, which ended June 30. Both are records for IU. The school says both totals include a record $195 million in non-governmental grants.
IU President Michael McRobbie shared the totals today at a meeting of the IU Board of Trustees in Bloomington. In a release, he said, "These figures confirm Indiana University’s continuing status as one of the leading and most vigorous public research universities in the world, and they also advance major priorities of the university’s Bicentennial Strategic plan."
The university is also reporting records for federal grants and contracts ($331.5 million), National Science Foundation awards ($55.6 million) and sponsored funding from industry ($81.2 million).
IU says the $524.1 million in total private individual and institutional philanthropy for fiscal year 2016 represents a 14 percent increase over last year.
In the economic development realm, the school is touting 43 licensing agreements over the last year. In July, the Indiana University Research and Technology Corp. also announced that IU was ranked among the Top 100 Worldwide Universities Granted U.S. Utility Patents in 2015.
Since its inception in 1997, there have been more than 2,700 inventions resulting in nearly 4,000 global patent applications being filed by the IURTC.