U.S. universities report highest-ever R&D spending in FY 2011
The National Science Foundation released a report Monday showing that university spending on research and development in all fields continued to increase between fiscal years (FY) 2010 and 2011, reaching $65 billion in FY 2011. This figure represents a 6.3% increase from the previous year and includes $4.2 billion in expenditures associated with the American Recovery and Reinvestment Act of 2009.
The majority of university R&D was concentrated in the life sciences, which grew 6.6% to $37.2 billion. Engineering was the next largest broad field and showed a 7.7% increase to $10 billion in fiscal 2011.
Universities Report Highest-Ever R&D Spending of $65 Billion in FY 2011
Source: National Science Foundation