FORT COLLINS — Colorado State University’s research enterprise generated a record $374.9 million in research expenditures in fiscal year 2018.
That’s a 10.8 percent increase over the $338.4 million generated the previous year, according to a CSU news release.
Funding comes from public sources such as government agencies, private foundations and nonprofits. In fiscal year 2018, the largest share of federal expenditures at CSU came from the U.S. Department of Defense, which totaled $79.4 million.
“We have made significant strides investing in our research enterprise at CSU,” said the school’s research vice president Alan Rudolph said in a prepared statement. “With our Research and Scholarship Success Initiative, we have enhanced support to our research infrastructure. We have increased support to our faculty, students and staff who are pursuing their research ideas with passion, and translating discoveries into societal impact. Our annual productivity numbers are an outcome of these infrastructure and other investments.”
The university is commercializing its research through CSU Ventures, a group that works to translate research into new products and services.
CSU Ventures launched five new startup companies in the fiscal year that ended June 30, and negotiated 36 licensing agreements with companies for CSU technologies, according to the release. Researchers also filed 112 invention disclosures, and were issued 53 patents.
CSU wasn’t the only Colorado college to have banner research year. The University of Colorado brought in a record-breaking $511.1 million in sponsored research funding in fiscal year 2018.
The CU system as a whole saw record levels of research funding in 2017-18. Together, the four Colorado campuses obtained $1.053 billion in awards, the second year in a row these totals climbed above $1 billion.