New Brunswick, NJ - According to Andrew Sheldon of NJBIZ, " Rutgers announced that it has achieved an 18.3 percent increase in overall funding for research and sponsored programs in the last fiscal year over the previous year, from $517.6 million in fiscal year 2014 up to $612.5 million in fiscal year 2015."
These increases come despite recent cutbacks in federal research support, which are the primary source of grants for most U.S. universities.
According to the university, Rutgers brought in 11.4 percent more federal research dollars from 2014 ($272.1 million) to 2015 ($303.2 million).
Christopher Molloy, the university’s senior vice president for research and economic development, said this occurred while overall research funding by most federal agencies was essentially flat, or unchanged, from the prior year.
“These funding numbers are a true accomplishment for Rutgers, particularly in light of the challenging environment for research funding,” Molloy said. “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.”
The news was released Wednesday during a public panel 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 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,” Sweeney said. “The residents of New Jersey benefit directly and indirectly from Rutgers research, including the significant impact on our state’s economy and business climate.”
For the full story:
http://www.njbiz.com/article/20151105/NJBIZ01/151109872/rutgers-increases-grant-money-despite-cold-financial-climate?utm_source=NJBIZ+Daily&utm_medium=Email&utm_term=http%3a%2f%2fwww.njbiz.com%2farticle%2f20151105%2fNJBIZ01%2f151109872%2frutgers-increases-grant-money-despite-cold-financial-climate&utm_campaign=The+Daily%3a+Elizabeth+joins+municipal+paid+sick+leave+movement
According to the university, Rutgers brought in 11.4 percent more federal research dollars from 2014 ($272.1 million) to 2015 ($303.2 million).
Christopher Molloy, the university’s senior vice president for research and economic development, said this occurred while overall research funding by most federal agencies was essentially flat, or unchanged, from the prior year.
“These funding numbers are a true accomplishment for Rutgers, particularly in light of the challenging environment for research funding,” Molloy said. “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.”
The news was released Wednesday during a public panel 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 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,” Sweeney said. “The residents of New Jersey benefit directly and indirectly from Rutgers research, including the significant impact on our state’s economy and business climate.”
For the full story:
http://www.njbiz.com/article/20151105/NJBIZ01/151109872/rutgers-increases-grant-money-despite-cold-financial-climate?utm_source=NJBIZ+Daily&utm_medium=Email&utm_term=http%3a%2f%2fwww.njbiz.com%2farticle%2f20151105%2fNJBIZ01%2f151109872%2frutgers-increases-grant-money-despite-cold-financial-climate&utm_campaign=The+Daily%3a+Elizabeth+joins+municipal+paid+sick+leave+movement
