UK Research Hits Record $290 Million
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LEXINGTON, Ky. (July 26, 2006) − The University of Kentucky has
broken another record, bringing in $290,365,000 in grants and contracts during fiscal year
2006, President Lee T. Todd Jr. announced today.
Todd said the record amount, a 6 percent increase over last year's $274 million, demonstrates both UK's increasingly high standing among research institutions nationwide, as well as a commitment by UK to invest financial and human capital toward a goal of being a catalyst for positive change in Kentucky.
"This year's record figure of $290.4 million reflects the talent and skill of our outstanding faculty members who compete nationally for research dollars. It also reflects our growth as a research institution as UK stacks up increasingly well against other universities competing for the same funds. Even with federal research budgets remaining flat this year, our research faculty and staff showed their talent, successfully competing for more research dollars than ever before," Todd said.
UK federal awards for fiscal year 2006 totaled $155.5 million, a 2.2 percent increase over the previous year's total of $152.2 million. Federal awards come from agencies such as the National Institutes of Health, National Science Foundation and departments of Defense, Education and Agriculture, among others.
The university also received awards from the Commonwealth of Kentucky for a total of $76.7 million, a 7.7 percent increase from the previous year's total of $71.2 million. Research contracts from business and industry totaled $19.5 million, a 10.8 percent increase from $17.6 million in the 2005 fiscal year. Funding from non-profits including other universities totaled $38.7 million, a 17.3 percent increase from the 2005 fiscal year total of $33 million.
"The competition for grants and contracts is exceedingly stiff, especially as government research budgets are tight," said Wendy Baldwin, UK's executive vice president for research. "The limited pool of research funding available makes this record-breaking achievement by UK faculty and staff even more impressive."
Baldwin noted that research work performed by UK directly impacts areas that challenge Kentuckians, from health care to economic development.
"With a broad research program that includes everything from work with children to high-tech advances in homeland security, pharmaceuticals and computational sciences, UK is performing research that benefits real people," Baldwin said. "Research by faculty and students is what will propel UK toward national prominence, while promoting a healthier, wealthier and smarter Kentucky."
Todd said the record amount, a 6 percent increase over last year's $274 million, demonstrates both UK's increasingly high standing among research institutions nationwide, as well as a commitment by UK to invest financial and human capital toward a goal of being a catalyst for positive change in Kentucky.
"This year's record figure of $290.4 million reflects the talent and skill of our outstanding faculty members who compete nationally for research dollars. It also reflects our growth as a research institution as UK stacks up increasingly well against other universities competing for the same funds. Even with federal research budgets remaining flat this year, our research faculty and staff showed their talent, successfully competing for more research dollars than ever before," Todd said.
UK federal awards for fiscal year 2006 totaled $155.5 million, a 2.2 percent increase over the previous year's total of $152.2 million. Federal awards come from agencies such as the National Institutes of Health, National Science Foundation and departments of Defense, Education and Agriculture, among others.
The university also received awards from the Commonwealth of Kentucky for a total of $76.7 million, a 7.7 percent increase from the previous year's total of $71.2 million. Research contracts from business and industry totaled $19.5 million, a 10.8 percent increase from $17.6 million in the 2005 fiscal year. Funding from non-profits including other universities totaled $38.7 million, a 17.3 percent increase from the 2005 fiscal year total of $33 million.
"The competition for grants and contracts is exceedingly stiff, especially as government research budgets are tight," said Wendy Baldwin, UK's executive vice president for research. "The limited pool of research funding available makes this record-breaking achievement by UK faculty and staff even more impressive."
Baldwin noted that research work performed by UK directly impacts areas that challenge Kentuckians, from health care to economic development.
"With a broad research program that includes everything from work with children to high-tech advances in homeland security, pharmaceuticals and computational sciences, UK is performing research that benefits real people," Baldwin said. "Research by faculty and students is what will propel UK toward national prominence, while promoting a healthier, wealthier and smarter Kentucky."