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On Dec. 11, 2015, Vice President for Research Brian Herman delivered his State of Research report to the Board of Regents presenting performance measures for fiscal year 2015, trends in research productivity, including technology commercialization, and the U’s performance compared to other research universities.
Herman also presented on the progress of strategies to diversify research funding, increase interdisciplinary scholarship, build on new international research opportunities, enhance human research protections and better leverage the University's research assets for the benefit of Minnesota's economy. Many of these strategies stem from the university-wide research strategic plan, Five Years Forward through Collective Inspiration and Discovery.
Despite a challenging federal funding environment, the U of M reached record funding levels in fiscal year 2015, largely due to new industry and academic collaborations that contribute to an increasingly diverse research portfolio. University faculty and staff competed successfully for $754 million in sponsored research awards – a 1.8% increase from fiscal year 2014 (see below).
Overall performance measures show a strong research enterprise that has continued its high ranking and performance among an elite group of institutions.
FY15 Awards by Source
The U of M continued its strong performance and productivity in technology commercialization in fiscal year 2015, including launching a record 16 startup companies, topping the previous year’s high performance. In addition, 69 new sponsored research agreements were signed through the MN-IP program in fiscal year 2015, bringing the total number of agreements since 2012 to 175.