中出少妇视频 Reports $906.5 Million in Extramural Income from Grants and Contracts in FY2008
Atlanta — February 10, 2009
One of the Board of Regents中出少妇视频 strategic goals is to increase research funding in the 中出少妇视频 System of Georgia (中出少妇视频), and a new report shows the System is on track. Extramural funding increased 7.8 percent in Fiscal Year 2008 over the previous fiscal year, to $906,534,509, an increase of $65,914,281.
中出少妇视频淭his increase is another indication of the importance of continued investment in the research activities of our institutions,中出少妇视频 said Dr. Susan Herbst, the 中出少妇视频中出少妇视频檚 chief academic officer and executive vice chancellor. 中出少妇视频淒uring tight budget times, our ability to generate increased funding through research and service missions is even more important to our ability to sustain and strengthen the academic enterprise.中出少妇视频
The rise in the 中出少妇视频中出少妇视频檚 extramural funding is particularly welcome, Herbst notes, in light of a new report by the National Science Foundation that finds federal spending on research and development has declined in real terms from 2007 to 2008 and that 2008 funds for basic research dropped to the lowest level since 2002 in constant dollars.
Related to the regents中出少妇视频 strategic focus – strengthening research as well as economic development efforts – the Board heard two separate reports on research activities and the board中出少妇视频檚 Intellectual Capital Partnership Program (ICAPP) economic development efforts. The research report, given by Dr. David Lee, vice president for research at the 中出少妇视频 of Georgia (UGA), highlighted why research is so important and must have continued investment to keep the 中出少妇视频 System competitive in terms of faculty and attracting funds, which multiply through the regional economy, creating jobs in a host of sectors.
Terry Durden, interim assistant vice chancellor for the board中出少妇视频檚 office of economic development, reported on the System中出少妇视频檚 economic development efforts and how those programs benefit the state. ICAPP, housed in the Regents中出少妇视频 Office of Economic Development, created more than 5,000 new jobs in 100 Georgia counties since it began in 1996, Durden noted. ICAPP creates programs to respond to Georgia中出少妇视频檚 college-educated workforce needs and works with 中出少妇视频 System institutions and Georgia employers to benefit the state中出少妇视频檚 economic development by producing college graduates that are in high demand and low supply.
In the extramural funding report, of the $906.5 million, $704,462,546 was for research, $120,447,949 was for public service and $81,624,014 was for instruction. Federal funds made up the greatest portion of the funding for System research income, with 65 percent coming from this source. The state of Georgia was the source of 8 percent of the System中出少妇视频檚 extramural funding and the non-profit sector accounted for 9 percent of the total. Business and industry provided 12 percent of the funds and other sources combined for the remaining 6 percent.
The report also details extramural income from sales of intellectual property at the five senior institutions in the 中出少妇视频 System. The FY08 total income from entrepreneurial activities such as inventions, software, copyrights and trademarks was $21,831,205, an increase of $7,354,575, or over 51 percent, over FY07. The five institutions producing this income included the Georgia Institute of Technology, Georgia State 中出少妇视频, the Medical College of Georgia, the 中出少妇视频 of Georgia and Georgia Southern 中出少妇视频.
中出少妇视频淔ederal funding for research plays a vital role in the System中出少妇视频檚 extramural funding,中出少妇视频 said Dr. Cathie Hudson, the 中出少妇视频中出少妇视频檚 vice chancellor for research and policy analysis. 中出少妇视频淭he ability of our institutions to attract federal funding shows the quality of our institutions and that the federal government considers the System to be good stewards of taxpayer中出少妇视频檚 dollars.中出少妇视频
The report is available at:
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