Life sciences represents one of the most rapidly-growing areas of R&D spending.
Date: November 26, 2012
The National Science Foundation released a report today showing that university spending on research and development in all fields continued to increase between fiscal years (FY) 2010 and 2011, reaching $65 billion in FY 2011. This figure represents a 6.3 percent increase from the previous year and includes $4.2 billion in expenditures associated with the American Recovery and Reinvestment Act of 2009.
The majority of university R&D was concentrated in the life sciences, which grew 6.6 percent to $37.2 billion. Engineering was the next largest broad field and showed a 7.7 percent increase to $10 billion in fiscal 2011.
For more information on this report, please contact Ronda Britt.
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Deborah Wing, NSF (703) 292-5344 email@example.com
Ronda Britt, NSF (703) 292-7765 firstname.lastname@example.org