Virginia Tech ranks high in research expenditure growth
- October 6, 2010
Virginia Tech is ranked among the fastest-growing academic institutions in the country in the terms of research spending.
At 44th, Tech is the highest ranked Virginia school in research expenditures among 697 institutions listed by the National Science Foundation. Tech had expenditures of $397.7 million for the fiscal year ending June 30, 2009, the period used for the foundation list. That total is up $23 million from last year’s list, when Tech ranked 46th.
Tech officials, however, noted that its research expenditures have risen at an average compound rate of 8.1 percent during the past five years, the fifth highest growth rate in the country. Only Case Western Reserve (12.38 percent), University of Texas M.D. Anderson Cancer Center (10.39 percent), University of North Carolina-Chapel Hill (9.16 percent) and Duke (9.1 percent) had higher growth rates.
Tech’s goal is to reach $540 million in research expenditures by 2012, an increase of nearly 36 percent from its 2009 fiscal year total.
Other Virginia institutions among the top 200 on the NSF list are:
University of Virginia, all campuses, $261.6 million in expenditures, ranked 73rd ($257.6 million the year before, ranked 70th)
Virginia Commonwealth University, $150.9 million, 107th ($148.7 million, 108th)
George Mason University, $78.5 million, 149th ($72.5 million, 151st)
Old Dominion University, $71.9 million, 155th ($66.5 million, 156th)
Eastern Virginia Medical School, $36.7 million,195th ($30.8 million, 206th)
Johns Hopkins University topped the NSF list with $1.86 billion in expenditures, followed by the University of Michigan, University of Wisconsin, University of California-San Francisco, UCLA, University of California-San Diego, Duke, University of Washington, Penn State and University of Minnesota.