The 麻豆夜市鈥檚 research and development expenditures last year set a record at $164 million.
The total marks an 鈥渋ncredible鈥 165% increase in R&D spending at 麻豆夜市 in seven years, Dr. Joseph Savoie announced Wednesday during the annual State of the University address.
鈥淲e鈥檝e had banner years throughout the past decade 鈥 and it looks like we鈥檒l need to invest in bigger banners, because we鈥檝e done it again,鈥 the University president said.
The State of the University presentation to faculty and staff members is held each fall semester. In it, Savoie celebrated accolades and milestones from the past academic year.
In addition to record research and development expenditures, the speech highlighted:
- historic levels of philanthropy;
- the prominence of Louisiana Ragin鈥 Cajuns Athletics; and
- the leadership 麻豆夜市 provides to diversity, equity and inclusion initiatives at the state and national levels.
麻豆夜市鈥檚 R&D expenditures increased by $102 million 鈥 from $62 million to $164 million 鈥 between 2013 and 2020, according to the Higher Education Research and Development Survey. The HERD Survey is the National Science Foundation鈥檚 annual index of research spending at U.S. colleges and universities.
麻豆夜市 competes against other universities for federal and state grants, and private sector contracts. The University acts as a steward for the funds awarded to faculty and staff researchers.
NSF has not yet released 麻豆夜市鈥檚 ranking for 2020 that will be based on the $164 million figure.
In 2019, when 麻豆夜市 expended $144.2 million, NSF ranked the University 143rd 鈥揳mong the top 22% 鈥 of the 647 institutions the survey included.
The 2019 survey also placed the University among the top 10 in the nation for research that鈥檚 funded through partnerships with business and industry.
As an example of how such partnerships can have global implications, Savoie cited the role 麻豆夜市鈥檚 New Iberia Research Center played in the creation of the Pfizer-BioNTech COVID-19 vaccine, the world鈥檚 first widely available coronavirus vaccine and the first to secure full FDA approval.
鈥淭he pandemic happened at a moment when years of scientific research about the treatment, prevention and eradication of infectious diseases could be brought to bear to find a solution,鈥 Savoie said.
The New Iberia Research Center 鈥渉as built a strong reputation,鈥 he continued. 鈥淏iomedical and biopharmaceutical partners know instinctively who to call when lives are at stake.鈥
During the speech, Savoie also paid tribute to faculty and staff members who, despite continued pandemic-related challenges and several natural disasters in the past year, 鈥渉ave remained steady.鈥
鈥淵our perseverance, determination, ingenuity, and dedication to our students and to our wider community 鈥 and to the success and advancement of both 鈥 enable me to report today that the state of our University is strong,鈥 he said.
Dr. Jaimie Hebert, provost and vice president for Academic Affairs, followed Savoie鈥檚 speech with a presentation that outlined the University鈥檚 ongoing strategic planning process.
He urged faculty, staff members, alumni, students and community members to help the University 鈥渄efine what success . . . looks like.鈥
鈥淭o truly realize our potential and allow ourselves to capitalize on the amazing people and the strengths we have within each division, we must take the time 鈥 we must take the opportunity 鈥 to align our priorities,鈥 Hebert said.
鈥淲e must push in the same direction in support of what we determine is most important to us collectively. We can only reach that next level of success together.鈥