Purdue University says fiscal 2015 was a record-breaker in terms of annual giving, research awards and commercialization successes. The university says it received $332 million in donations and reached $403 million in funding for research, while 27 startups were launched from Purdue-licensed intellectual property and 20 percent more patents were issued for Purdue discoveries.
Purdue Research Foundation President Dan Hasler says the bar can be raised even higher. "I’m convinced there’s another gear, not just at Purdue, but also in Indiana and we’ve got to find it, I know it’s there." He says there’s no reason Purdue can’t be at the top of the list of university-supported startup creation, surpassing the likes of Stanford University, the University of California, the University of Texas and others. Hasler believes Purdue innovators could also continue to rise in the number of patents received. "We are very efficient at converting research dollars to intellectual property," he tells Inside INdiana Business, "probably as efficient as it gets in the United States."
Purdue says 2015-2016 marked the first time in history donors have contributed more than $300 million in back-to-back years. Fundraisers have breached the midway point of the $2.019 billion goal of the massive Ever True campaign.
At the West Lafayette campus, Purdue is anticipating its largest incoming class since 2008. Officials also announced plans in April to keep tuition at 2012-2013 levels again, this time through the 2017-2018 school year.