A summary of the fiscal year 2015 data was released today by Rutgers’ Office of Research and Economic Development. The university’s fiscal year runs from July 1 to June 30.
The positive news was released during a public panel discussion to discuss the impact of Rutgers’ 2013 integration with most of the schools, centers, institutes and clinical practices of the former University of Medicine and Dentistry of New Jersey. The event was organized by Stephen M. Sweeney, president of the New Jersey State Senate.
“The fact that Rutgers is bringing in more outside dollars for its research despite the tough times for research funding nationally speaks to the quality of the university’s programs,” said Senate President Sweeney. “The residents of New Jersey benefit directly and indirectly from Rutgers research, including the significant impact on our state’s economy and business climate.”
Molloy said: “These funding numbers are a true accomplishment for Rutgers, particularly in light of the challenging environment for research funding. It is the rigorous and creative efforts of faculty – supported by dedicated staff and graduate students – that produced these very positive results. Research is a key component of Rutgers’ academic programs and a significant factor in the economic development of our state and the region, so these gains are noteworthy."
A high priority for Rutgers is expanding its collaborations and partnerships with industry, and Molloy pointed out that the university’s research support from corporations went up by more than 30 percent last year over the previous year (from $23.8 million to $31.0 million).”
For the complete story click here: http://ored.rutgers.edu/content/rutgers-achieves-double-digit-gain-research-grants-and-contracts-0.