CU sets record for sponsored research funding, for second year in a row
By Jonathan Rose
Denver Business Journal
The University of Colorado received more than $1 billion in sponsored research funding for the 2017-18 fiscal period, its second record-breaking year in a row.
The total $1.05 billion in federal, state and local awards is a 1.8 percent year-over-year increase, with $663.5 million coming from federal awards and $389.6 million coming from non-federal sources. In the 2016-17 fiscal year, research funding totaled $1.03 billion, which was a 12 percent jump from the previous period.
Sponsored research programs are conducted mostly by faculty members, like scientific studies, papers and experiments.
“One key way that the University of Colorado improves people’s lives is through the research conducted by our world-class faculty,” said CU President Bruce D. Benson in a statement. “Because of this impressive level of investment by federal, state and local entities, CU grows even stronger in its ability to advance knowledge that makes all of us better.”
The money will be used, in part, to fund biomedical research, natural resources and climate studies, Alzheimer's disease research and work in muscular atrophy and other neurodegenerative disorders.
The numbers are based on preliminary figures, with final figures expected at the end of this year.
Here's the breakdown of funding received by each university in the CU System:
- CU Anschutz Medical Campus: $516.2 million
- CU-Boulder: $511.1 million
- CU Denver: $18.8 million
- CU-Colorado Springs: $6.9 million