Image: Texas A&M University
Texas A&M University posted $866.678 million in annual research expenditures for fiscal year 2015, a 1.44-percent increase of $12.464 million from fiscal 2014, the University announced today. The University accomplished this despite a relatively flat market for research funding across the United States.
Research expenditures represent the total funding that the Texas A&M research enterprise has received over a fiscal year from federal, state, local, business, non-profit, institutional and other sources. They provide a benchmark for Texas A&M to measure its annual progress in research against that of all other major U.S. research institutions.
“As the largest research university in the Southwest, Texas A&M continues to enjoy robust growth in our research funding,” said Chancellor John Sharp of The Texas A&M University System. “We continue to outpace the majority of our peers and are poised to experience growth for the future.”
Texas A&M President Michael K. Young said, “In contrast to many of our peer institutions that are experiencing contractions in research funding, Texas A&M has seen a steady growth in research expenditures over the past two years. Not only does this critical research have a significant, tangible impact on solving great global challenges, it serves to attract additional high quality faculty who value this research for its ability to provide a transformational education for our students.”
Glen A. Laine, vice president for research, said, “These numbers are a direct manifestation of our faculty-researchers’ productivity and their key role in securing funding and conducting research in today’s highly competitive environment”
Texas A&M currently ranks 17th among the nation’s research institutions, and 10th among all public research universities, according to the latest Higher Education Research and Development Survey released by the National Science Foundation, based on expenditures in research and development from fiscal year 2014. The foundation expects to release its next survey based on data from fiscal year 2015 in November 2016.
To learn more about the Texas A&M research enterprise, watch this video.