See the link below. From the article:
”UNIVERSITY PARK, Pa. — Penn State’s total research expenditures reached a record high of $1.239 billion in fiscal year 2022-23, a 14%* increase from the previous year and driven by a $98 million jump in federal funding for research — by far the largest in the University’s history. This funding enables Penn State faculty, staff and students to conduct cutting-edge research and drive innovation that positively impact people’s lives, both locally and around the globe.
“This achievement is a testament to the dedication and enterprise of our outstanding faculty, students and staff,” said Andrew Read, interim senior vice president for research. “It reflects the ongoing confidence of our sponsors in our ability to successfully address some of the world’s most pressing problems. We are enormously proud of our researchers and our research administration team.”
Funding for research activities is obtained from a variety of sources including federal and state agencies, industry sponsors, private donors, the University and other sources. Projects undergo review through a competitive process and are evaluated by these sources for quality and impact before funds are awarded, which according to Read, reinforces the caliber of Penn State’s research enterprise. In fact, last year alone, Penn State researchers submitted more than 5,000 grant proposals to external funding agencies.
“This tremendous accomplishment is yet another indicator of Penn State’s excellence and far-reaching impact as a research powerhouse,” Penn State President Neeli Bendapudi said. “It speaks significantly to the breadth and quality of our research enterprise and to our position as a global leader in innovation that makes a difference in people’s lives.”“
I know. We suck. Hard.
