Michigan State University (MSU) has achieved a record-breaking $759.2 million in research and development expenditures for fiscal year 2022. This marks a $49 million increase from the previous year and signifies progress towards the university’s strategic plan goal of reaching $1 billion in research expenditures by 2030. The growth was primarily driven by federally funded expenditures, with a 9% increase to $381.5 million. Funding from the Department of Health and Human Services, including the National Institutes of Health, rose by 23.7% to $105 million, while Department of Energy funding increased by 17.8% to $127.8 million. Expenditures funded by the Departments of Defense and Agriculture also saw growth. Although the final rankings for 2022 are yet to be published, based on FY 2021 data, MSU currently ranks 39th in research expenditures among participating colleges and universities nationwide. The university attributes its research growth to collaborations, including the opening of the Facility for Rare Isotope Beams (FRIB), investments in various disciplines, and strategic partnerships in healthcare. MSU aims to continue its upward trajectory and make significant contributions to society in the coming years.
Click HERE to read the full story.
About the MSU Innovation Center:
The MSU Innovation Center is dedicated to fostering innovation, research commercialization, and entrepreneurial activities from the research and discovery happening across our campus every day. We act as the primary interface for researchers aiming to see their research applied to solving real-world problems and making the world a better place to live. We aim to empower faculty, researchers, and students within our community of scholars by providing them with the knowledge, skills, and opportunities to bring their discoveries to the forefront. Through strategic collaborations with the private sector, we aim to amplify the impact of faculty research and drive economic growth while positively impacting society. We foster mutually beneficial, long-term relationships with the private sector through corporate-sponsored research collaborations, technology licensing discussions, and support for faculty entrepreneurs to support the establishment of startup companies.
Is your company interested in working with any MSU’s prestigious programs? Click Here.