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.

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 September 1, 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 September 1, 2014).

Share This




More Science & Society News

Monday, September 1, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Get on Your Bike! London Cycling Popularity Soars Despite Danger

Get on Your Bike! London Cycling Popularity Soars Despite Danger

AFP (Sep. 1, 2014) Wedged between buses, lorries and cars, cycling in London isn't for the faint hearted. Nevertheless the number of people choosing to bike in the British capital has doubled over the past 15 years. Duration: 02:27 Video provided by AFP
Powered by NewsLook.com
Thailand Totters Towards Waste Crisis

Thailand Totters Towards Waste Crisis

AFP (Sep. 1, 2014) Fears are mounting in Bangkok that poor planning and lax law enforcement are tipping Thailand towards a waste crisis. Duration: 01:21 Video provided by AFP
Powered by NewsLook.com
California Passes 'yes-Means-Yes' Campus Sexual Assault Bill

California Passes 'yes-Means-Yes' Campus Sexual Assault Bill

Reuters - US Online Video (Aug. 30, 2014) California lawmakers pass a bill requiring universities to adopt "affirmative consent" language in their definitions of consensual sex, part of a nationwide drive to curb sexual assault on campuses. Linda So reports. Video provided by Reuters
Powered by NewsLook.com
As Drought Continues LA "water Police" Fight Waste

As Drought Continues LA "water Police" Fight Waste

AFP (Aug. 29, 2014) In the midst of a historic drought, Los Angeles is increasing efforts to go after people who waste water. Five water conservation "cops" drive around the city every day educating homeowners about the drought. Duration: 02:17 Video provided by AFP
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:
from the past week

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