Academic research not only contributes to a university’s success, but also drives national economic growth necessary to thrive in today’s dynamic global marketplace. "All of us should be concerned about their continued strength and ability to educate and conduct cutting-edge research,” said National Science Board (NSB) member Ray Bowen.
Despite its importance, however, funding is waning. A NSB report released in September showed a 47% decline in major public research university funding between 2002 and 2010. Operating costs are increasing, endowments are shrinking, and the fiscal health of Universities, both public and private, is becoming increasingly strained.
To read the original article: University Technology Transfer Boosts National ROI
