R&D Expenditures at U.S. Universities Increased by $8 Billion in FY 2022.

R&D Expenditures at U.S. Universities Increased by $8 Billion in FY 2022

November 30, 2023
Research and development (R&D) spending by academic institutions rose to $97.8 billion in FY 2022, up $8.0 billion from FY 2021. Of the increase, federal sources accounted for $4.9 billion, universities' own funds for $2.1 billion, and businesses for $587 million. The single-year growth in academic R&D funded by each of these sources was the largest on record.

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