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U of M research running strong, Regents hear
MINNEAPOLIS / ST. PAUL ( 12/12/2008 ) -- The University of Minnesota continued to prove itself as a top research institution in 2007 with $675 million in sponsored awards, an 8.3 percent increase from the previous year. The news was presented to the Board of Regents this morning. "This kind of growth in our research portfolio is extremely good news for the university and the entire state of Minnesota," said Patricia Simmons, chair of the Board of Regents. "In a struggling economy and highly competitive environment for funding, this success enables us to keep the pipeline for new discoveries and new jobs flowing." The university also raised or maintained its status among some of the leading rankings for research universities. In the Shanghai World Rankings, the U of M moved up to the 28th ranked research university in the world. According to National Science Foundation data, for 2007 total research expenditures the university ranked ninth overall among public universities and 14th among all universities, public and private. "These are all clear indicators that the university is on a positive trajectory and that its research enterprise remains healthy," said Vice President for Research Tim Mulcahy. "There is still work to be done and the funding environment continues to be more and more competitive." Mulcahy also reported that over the last three fiscal years the university has increased its research expenditures by nearly 19 percent, posting the second largest growth rate among the top 20 public research universities in the country. "Given the current economic conditions and the challenges higher education is facing, we are pleased with these results, but it is imperative that we continue to work together and think in an innovative and entrepreneurial way to continue this success," said Mulcahy. Office of the Vice President for Research annual report: http://www.research.umn.edu/communications/regents_presentations/index.html In other action, the Board also: * approved a governance plan for the University's UMore Park property in Dakota County; * approved a resolution allowing alcohol sales in the club and premium seats and suites of TCF Bank Stadium as well as the club rooms of Williams and Mariucci Arena and at the Minnesota Landscape Arboretum; and * received the university's annual financial report which showed the institution continues to have a very strong balance sheet. ---------- |
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