Louisiana State University: LSU Shatters Record In Garnering Grants And Contracts

Baton Rouge LA

07 September, 2021

12:52 PM

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Press release from Louisiana State University: 09/07/2021 BATON ROUGE – LSU faculty whose expertise spans multiple disciplines across campus were awarded more grants and contracts this past year than ever before. LSU garnered a record $166.1 million in research grants and contracts this past fiscal year, which ended on June 30. "Our world-renowned faculty members attract investment from state and federal funding agencies that value their exceptional expertise," said LSU President William F. Tate IV. "From the coast of Louisiana to Mars, LSU researchers engage in solving society's most pressing problems. They do so in an impactful fashion. And their research funding contributes to the state's economic growth in terms of Louisiana's reputation as an innovation ecosystem as well as its wages and employment opportunities." Last fiscal year, LSU received $145 million in cumulative research funding, which includes state and federal research grants and contracts for services that rely on LSU expertise and instrumentation, such as scientific analyses and specialized trainings led by LSU faculty. LSU's second highest record of $156 million was met in 2009. On average, LSU brings in about $150 million in research dollars per year to the state. For every $1 from research in Louisiana produces about $2.91 within the state due to sales revenue for vendors who provide services and materials as well as spending by LSU employees, according to a report conducted by United for Medical Research for the National Institutes of Health. According to this calculus, this past year's $166.1 million in grants and contracts will generate a roughly $483 million economic impact for Louisiana."In the last fiscal year, we have achieved substantial success in helping LSU increase awards across the spectrum of academic and research units. These wins have been driven by our talented and competitive faculty, staff and students who have doggedly pursued ambitious projects. We, in the Office of Research and Economic Development, have tried to match our support to the needs of researchers, and this great success is the result," said LSU Vice President of Research & Economic Development Samuel J. Bentley.Some of LSU's projects that were funded this past year include the following.  In addition to grants and contracts, LSU offers support for business and economic development. For example, faculty inventors at LSU campuses across the state garnered 38 U.S. utility patents for their innovative work spanning the sciences and engineering disciplines in 2020. Many of these patents become licensed technology by companies bringing additional revenue to Louisiana. LSU is among the top 100 universities in the world granted U.S. utility patents due to this on-going success.   Contact Alison SatakeLSU Media [email protected]     This press release was produced by Louisiana State University. The views expressed here are the author's own.