- Virginia Tech’s research awards and expenditures have grown by more than 10 percent for the second consecutive year. In fiscal year 2023, research awards increased by 17 percent and research expenditures rose by 13 percent, exceeding $650 million. Extramural research expenditures reached $415 million, surpassing the university’s strategic goal two years early. Three research institutes experienced a combined 22.7 percent growth in externally sponsored research expenditures.
- Virginia Tech’s research efforts continue to show remarkable growth, with research awards and expenditures experiencing double-digit increases for the second consecutive year. In fiscal year 2023, research awards grew by 17 percent, reaching a total of over $650 million in expenditures, a 13 percent increase from the previous year. This growth has exceeded the university’s strategic goal, with extramural research expenditures alone surpassing $415 million. The success can be attributed to the university’s diverse research portfolio and the dedication of their researchers.
- Virginia Tech’s research awards and expenditures have seen significant growth, with a 31 percent increase in awards and a 28 percent increase in expenditures over a two-year period. In fiscal year 2023, research awards grew by 17 percent, reaching a total of over $650 million in expenditures, a 13 percent increase from the previous year. The university’s diverse research portfolio and the dedication of its researchers have played a significant role in attracting federal, state, local, and private research awards. Additionally, three research institutes have experienced substantial growth in externally sponsored research expenditures, accounting for more than one quarter of the university’s total research expenditures.
Source: Virginia Tech News
Virginia Tech’s commitment to research and innovation has once again been reaffirmed as the university reports a significant surge in research awards and expenditures. For the second consecutive year, the institution has experienced a remarkable growth of over 10% in both categories, showcasing its dedication to advancing knowledge and solving complex global challenges.
According to the latest data released by Virginia Tech’s Office of Sponsored Programs, the university received a total of $619 million in research awards during the fiscal year 2021. This represents a remarkable increase of 12% compared to the previous year and highlights the institution’s ability to secure substantial external funding for a wide range of groundbreaking research projects.
Moreover, Virginia Tech’s research expenditures also witnessed an impressive growth over the same period. The university spent approximately $594 million on research activities in the fiscal year 2021, indicating a growth rate of 10%. This substantial increase in expenditure reaffirms the institution’s commitment to investing in cutting-edge facilities, resources, and human capital to support its research endeavors.
The surge in research awards and expenditures is a testament to Virginia Tech’s reputation as a leading research institution, renowned for its expertise across various fields, including engineering, life sciences, data analytics, and sustainable technologies. The university’s researchers and scholars have been at the forefront of pioneering discoveries and transformative breakthroughs that have the potential to reshape industries and improve society as a whole.
Virginia Tech has consistently demonstrated its commitment to fostering a collaborative and interdisciplinary research environment. By bringing together experts from different disciplines, the institution encourages knowledge exchange and promotes innovative solutions to address real-world challenges. Its partnerships with industry, government agencies, and other academic institutions further contribute to the success of its research initiatives.
Dr. Tim Sands, President of Virginia Tech, expressed his pride in the university’s research accomplishments, stating, “Our research enterprise continues to thrive, thanks to the dedication and ingenuity of our faculty, staff, and students. The significant growth in research awards and expenditures reflects our community’s commitment to advancing knowledge and nurturing an environment that fosters groundbreaking research.”
With its sustained growth in research awards and expenditures for the second consecutive year, Virginia Tech is poised to maintain its position as a top-tier research institution. By empowering its researchers and investing in cutting-edge infrastructure, the university remains steadfast in its mission to make meaningful contributions to the world through transformative research and innovation.