Iowa State researchers attracted a record $346.2 million in external funding for the fiscal year that ended June 30. That's the third straight year of record research funding and the second straight of more than $300 million.
Overall, Iowa State's total external funding for fiscal year 2024 increased to $544.6 million, rising $14.1 million and 2.7% over the prior fiscal year's total of $530.5 million.
"Achieving a third consecutive record for sponsored research and growth in overall external funding strengthens Iowa State University as a national research powerhouse and leading land-grant university," said Iowa State President Wendy Wintersteen. "This success is the result of our faculty and staff researchers' excellence in securing competitive funds to address complex challenges, innovate solutions for business and industry and generate economic opportunities that benefit all Iowans."
Over the 2022 to 2024 fiscal years, Iowa State researchers have attracted record external funding of $284.2 million, $301.3 million and $346.2 million to support their experiments and projects.
The latest research total also includes record amounts of federal and non-federal research funding. Those records are $236.3 million in federal support (the previous record was $206.9 million in fiscal year 2023) and $110 million in non-federal support (the previous record was $94.5 million in fiscal year 2023).
Iowa State's research leader said the records are a good measure of the value and relevance of research across campus.
"The vision for Iowa State research is to foster human creativity, fuel innovation and forge new frontiers that enable our communities, partners and stakeholders to flourish," said Peter Dorhout, the vice president for research. "The record research funding the university received in FY24 validates this vision. It illustrates that our sponsors value the creativity and relevance of our faculty's work, from the building blocks of basic research to translational research that yields proactive and innovative solutions to society's greatest challenges."
Source: iastate.edu