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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An estimated 147,578 full-time equivalent employees worked on R&D within U.S. nonprofit organizations in FY 2021
The percentage of doctorate recipients taking jobs in academia in 2022—a decline of 3.7 percentage points from 2021
In 2021, businesses in California accounted for 35.1% of the total $602 billion of R&D performed in the United States
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