Inflation Outpaces Federal Funding: By the Numbers

Oct. 8, 2008
Academics lose federal R&D dollars for science and engineering.

It's all about inflation. Federal funding of academic science and engineering research increased between fiscal 2006 and fiscal 2007, but only if you discount inflation, according to data from the National Science Foundation. In current dollars, federally funded expenditures to colleges and universities grew 1.1% to $30.4 billion in 2007. However, adjust for inflation and the number is instead a 1.6% decline from the previous year.

Additional survey data indicate:

62 percentage of academic R&D funding provided by the federal government in fiscal 2007

64 percentage of academic R&D funding provided by the federal government in fiscal 2005

$49.4 billion overall R&D expenditures related to science and engineering reported by universities in fiscal 2007

7.8 percentage growth in nonfederal R&D funding to universities in fiscal 2007, or 5% adjusted for inflation

11.2 percentage growth in industry funding of academic R&D in science and engineering in fiscal 2007

$2.7 billion industry funding of academic R&D in science and engineering in fiscal 2007

See Also

Popular Sponsored Recommendations

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Smarter Savings for Manufacturers - Guide

Sept. 12, 2023
Enhance your service experiences and boost revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!