Aug. 12, 2016 FOR INSTANT RELEASE
BLOOMINGTON, Ind.– Indiana University protected nearly $1 billion in external funding for research study and other activities and in private philanthropy in financial year 2016, IU President Michael A. McRobbie has actually announced, even more showing that the university, through its ongoing dedication to quality in education, research and engagement, is contributing strongly to a thriving and ingenious Indiana.
The university received $614.1 million in external funding for research and other activities and $524.1 million in private and humanitarian contributions for the fiscal year ending June 30. Both figures work with record overalls at IU. This likewise consists of a record $195 million in non-governmental grants, a figure that is included in both totals.
IU also experienced a banner year for financial development, highlighted by a record variety of US patents and a dramatic boost in licensing contracts, which has led to the university rising in reputation as a national leader in development.
These figures verify Indiana Universitys continuing status as one of the leading and most energetic public research study universities in the world, and they likewise advance major top priorities of the universitys Bicentennial Strategic Strategy, stated IU President Michael A. McRobbie, who shared the financing amounts to today at a meeting of the IU Board of Trustees on the Bloomington school.
These figures are testament to the quality of the remarkable research study being conducted by our faculty, personnel and students– research that broadens understanding, drives development, develops new industries and jobs, stimulates financial development and supports a high requirement of living, McRobbie added. They also reflect the enduring custom of generous assistance by alumni and good friends of Indiana University, based on the universitys historical track record for excellence over nearly 2 centuries.
External research study funding
Indiana University researchers received $614.1 million in external funding for research study and other activities in fiscal year 2016, the highest overall of such funding for any public university in Indiana during the financial. It is the greatest annual overall in IU history, surpassing the $604 million granted in financial 2010. That previous record consisted of one of the largest single-year grant amounts to ever offered to the university by Lilly Endowment Inc., in addition to a temporary increase in federal research study funding under the American Recovery and Reinvestment Act.
IU also set new university records for federal grants and contracts ($331.5 million), awards from the National Science Structure ($55.6 million) and sponsored funding from industry ($81.2 million). The $614.1 million likewise consists of $180.3 million in awards from the National Institutes of Health.
From fiscal 2007 to 2016, the overall annual development rate in sponsored awards to IU was 3.95 percent. Without considering funding from the American Recovery and Reinvestment Act and Lilly Endowment, IU saw an annual development rate of more than 5 percent over the very same duration.
This years record figure is an especially major accomplishment as university researchers around the nation are challenged with an increasingly competitive environment for financing, IU Vice President for Research Fred Cate stated. Indiana Universitys record-setting success in this location– owned by the assistance of the National Institutes of Health, the National Science Foundation and other funding companies– is a clear indicator of the quality of our professors and the possible impact of IU research to fulfill the greatest challenges facing our state, nation and world.
The university got $524.1 million in overall private person and institutional philanthropy in fiscal 2016, consisting of non-governmental grants in addition to contributions from people, services and foundations.
The total represented a 14 percent boost in philanthropic assistance over ins 2015 amount raised. Because 2009, the typical annual rate of growth of IUs humanitarian and non-governmental grant support is 10.3 percent.
The exceptional humanitarian support we have gotten this year, which is unmatched in the history of fundraising campaigns at Indiana University, will have a huge effectinfluence on our efforts to meet the universitys guarantee to the people of our state and continue to make a difference worldwide, IU Foundation President Dan Smith stated. We are fortunate to have so numerousa lot of alumni and friends who are motivated to support the goals of our historic For All fundraising project. Their kindness will assist to create life-changing and inexpensive knowing chances for deserving students, particularly those from Indiana.
The total of $524.1 million consists of more than $329 million in humanitarian presents.
IU launched the public stage of its first-ever university-wide humanitarian project last fall. For All: The Indiana University Bicentennial Project, the most ambitious fundraising campaign in IUs history and based upon IUs calculated top priorities, has set a record objective of $2.5 billion to be raised by 2020.
Financial development and entrepreneurship
Among IUs top bicentennial tactical priorities is actively engaging its strengths to support the health, economic and social development of Indiana, the nation and the world.
Figures from financial year 2016 show that IU continues to play a major and increasing function in fostering a culture of innovation in Indiana.
During the financial year, the IU Research study and Innovation Corp., which protects, markets and licenses intellectual residential or commercial propertycopyright developed at IU so it can be commercialized by business and industry, was granted 53 United States patents, a record for the university.
The IURTC carried out 43 licensing agreements in 2015, representing a 72 percent increase in licensing from the previous fiscal. Sixty-six percent of the IURTCs active patent portfolio is currently licensed. In addition, licensing earnings for the IURTC topped the $7 million mark for fiscal 2016.
Because 1997, IU research has created more than 2,700 creations resulting in almost 4,000 worldwide patent applications being filed by the IURTC. These discoveries have actually created more than $135 million in licensing and royalty income, more than $112 countless which went straight to IU departments, laboratories and inventors.
These record achievements show IUs function as a progressively powerful financial motorist in Indiana, the state and the world, IU Vice President for Engagement Costs Stephan stated. IU research study is fueling innovation, assisting to produce and support brand-new jobs and industries, spurring economic development and making Indiana a preferable place to live and work. IURTC president Tony Armstrong and his group continue to link professors research discoveries with market demand and pursue calculated engagement chances in both the public and personal sectors.
Through its efforts to secure and commercialize inventions found throughout the IU system, the IURTC has risen in track record as a national and global leader ahead of time university intellectual resources and competence towards financial development and enhanced lifestyle.
The IURTC ranked 44th worldwide in a 2015 report by the National Academy of Inventors of the Top 100 Worldwide Universities Approved United States Energy Patents. The IURTC increased 43 spots in this ranking from the previous calendar year.
IU likewise ranked among the worlds 50 most ingenious universities, according to an analysis of patent and publishing information from hundreds of research organizations around the globe from 2008 to 2013. In this Reuters News research study, IU placed 49th in the list of Top 100 Worlds The majority of Ingenious Universities and 33rd among United States universities.
Accuracy Hawk, a drone mapping and aerial information services business that counts the Innovate Indiana Fund as a key monetary backer, was called among the worlds 30 most appealing innovation leaders for 2016 by the World Economic Online forum. Precision Hawks group will provide at the World Economic Forum conferences in Davos, Switzerland, in February.
Furthermore, IU Distinguished Teacher Richard D. DiMarchi, among the worlds leading peptide chemists, was chosen as a member of the distinguished National Academy of Medication in October. He ended up being the 10th IU facultyprofessor to join the organization and the very first on the IU Bloomington campus.
DiMarchi holds more than 100 patents and co-founded Marcadia Biotech in 2007 with assistance from IURTC. Merck, Roche and Novo-Nordisk– 3 of the worlds leading biopharmaceutical business– are advancing novel drug candidates motivated by discoveries in DiMarchis lab at IU.Related Links