Featured Research

from universities, journals, and other organizations

High costs of research at universities made worse by funding gap

Date:
January 9, 2014
Source:
University of South Florida (USF Innovation)
Summary:
Although more opportunity exists for university-based researchers to be innovative, and there is more financial support for innovation than ever before, the cost of university research is rising to new levels and presents a serious funding problem, according to new research.

Although more opportunity exists for university-based researchers to be innovative, and there is more financial support for innovation than ever before, the cost of university research is rising to new levels and presents a serious funding problem. The "real costs" of research -- costs that include indirect costs -- often extend far beyond support from a university's central research office and are almost never covered by funding. As a result, the aggressive research agendas set by universities have costs that often outweigh the ultimate revenue universities hope to gain from research.

Related Articles


The paper appears in the current special issue of Technology and Innovation- Proceedings of the National Academy of Inventors.

"There is a significant gap between the real costs of university research and the funding that is available to support university research," said Karen Holbrook, former president of The Ohio State University. "Greater administrative financial support is needed for investigators and new, external funding sources need to be explored to pay for indirect costs, such as staff, equipment, educational resources, and travel."

University-based research is vitally important to the communities served by universities, said the authors, and needs to continue at high levels.

According to co-author Dr. Paul R. Sanberg, distinguished university professor and senior vice president for research and innovation at the University of South Florida (USF), externally-funded research dollars are of great value to the community when the "imported money" translates into more highly skilled, high-wage jobs, the sales of goods and services and expertise that can be accessed by the community.

"University-based medical research is a case in point," said Sanberg. "This research saves and extends lives, and the universities conducting this kind of research are often key to companies relocating to the area."

However, aggressive research agendas need adequate financial support, and Holbrook and Sanberg want to see university central research offices do better when it comes to a number of fundraising-related functions, such as resource acquisition and management, marketing the university, building external relationships, institutional investment, and institutional accountability, performance, and productivity.

The authors also list external revenue sources that can be tapped to support university-based research, including state, federal, and private sources; special state support (such as tobacco settlement or oil spill-related dollars); equity ownership in startup; and small companies housed at university business incubators.

Holbrook and Sanberg also call for a university's central research office to be more aware of current issues in higher education; account better for time, money, and activities related to research; place greater emphasis on entrepreneurism; and be more proactive at developing strategic partnerships within the academy as well as locally and globally.

"A university's challenge is to reduce costs where there are unnecessary duplicate activities, to generate more revenue to support research, and to expand services to support faculty research," concluded the authors.


Story Source:

The above story is based on materials provided by University of South Florida (USF Innovation). Note: Materials may be edited for content and length.


Cite This Page:

University of South Florida (USF Innovation). "High costs of research at universities made worse by funding gap." ScienceDaily. ScienceDaily, 9 January 2014. <www.sciencedaily.com/releases/2014/01/140109143806.htm>.
University of South Florida (USF Innovation). (2014, January 9). High costs of research at universities made worse by funding gap. ScienceDaily. Retrieved November 23, 2014 from www.sciencedaily.com/releases/2014/01/140109143806.htm
University of South Florida (USF Innovation). "High costs of research at universities made worse by funding gap." ScienceDaily. www.sciencedaily.com/releases/2014/01/140109143806.htm (accessed November 23, 2014).

Share This


More From ScienceDaily



More Science & Society News

Sunday, November 23, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

European Parliament Might Call For Google's Break-Up

European Parliament Might Call For Google's Break-Up

Newsy (Nov. 22, 2014) This is the latest development in an antitrust investigation accusing Google of unfairly prioritizing own products and services in search results. Video provided by Newsy
Powered by NewsLook.com
WFP: Ebola Risks Heightened Among Women Throughout Africa

WFP: Ebola Risks Heightened Among Women Throughout Africa

AFP (Nov. 21, 2014) Having children has always been a frightening prospect in Sierra Leone, the world's most dangerous place to give birth, but Ebola has presented an alarming new threat for expectant mothers. Duration: 00:37 Video provided by AFP
Powered by NewsLook.com
Toyota's Hydrogen Fuel-Cell Green Car Soon Available in the US

Toyota's Hydrogen Fuel-Cell Green Car Soon Available in the US

AFP (Nov. 21, 2014) Toyota presented its hydrogen fuel-cell compact car called "Mirai" to US consumers at the Los Angeles auto show. The car should go on sale in 2015 for around $60.000. It combines stored hydrogen with oxygen to generate its own power. Duration: 01:18 Video provided by AFP
Powered by NewsLook.com
Raw: Paralyzed Marine Walks With Robotic Braces

Raw: Paralyzed Marine Walks With Robotic Braces

AP (Nov. 21, 2014) Marine Corps officials say a special operations officer left paralyzed by a sniper's bullet in Afghanistan walked using robotic leg braces in a ceremony to award him a Bronze Star. (Nov. 21) Video provided by AP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:

Breaking News:

Strange & Offbeat Stories


Science & Society

Business & Industry

Education & Learning

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile: iPhone Android Web
Follow: Facebook Twitter Google+
Subscribe: RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins