WASHINGTON Ė University spending on engineering research rose 7.7 percent in fiscal 2011, the National Science Foundation found, a total that was surpassed only by academic life sciences R&D.
A report released by NSF this week (Nov. 26) found that university engineering R&D totaled $10 billion in 2011. Life sciences research led the way with a 6.6 percent increase over the previous year to $37.2 billion.
Overall, university R&D spending rose 6.3 percent in fiscal 2011 to $65 billion. NSF said 2009 economic stimulus funds totaling $4.2 billion accounted for most of the increase. The totals also include private sector investment in university R&D.
Electrical engineering received the most university R&D spending during the period, jumping 7.6 percent from fiscal 2010 to just over $2.2 billion in fiscal 2011, NSF said.
Private sector funding of university engineering research jumped by 25.9 percent during the period covered by the NSF report while non-profit organizations accounted for 8.8 percent of the $10 billion invested in engineering R&D at U.S. universities.
Johns Hopkins University lead all U.S. schools in R&D spending during fiscal 2011, followed in rank order by the University of Michigan, University of Washington, University of Wisconsin and Duke University. Research powerhouses Stanford University and Massachusetts Institute of Technology ranked ninth and 20th, respectively.
Click here to see more details from the NSF report.
life sciences can manipulate our desire for eternal life and keep grabbing the lions share of R&D funds while failing to deliver. When it comes to Engineering very few have come to that level of manipulation. Perhaps Steve Jobs is the only one who cracked the code
I keep waiting for all of this research money spent in life sciences to start generating more innovation. By now I thought we would see the equivalent of the information age erupt in bioscience. It seems like we are always on the cusp of disruptive break throughs that never quite happen.
We need good research & development to build the next generation of products to serve the consumers. While the bottom line is always crucial, there are sometimes necessary costs that take more than a 3-month cycle to generate returns.