Excerpts taken from the ORIGINAL STORY, published October 1, 2019, The SOURCE, by Anne Manning
“Colorado State University’s spending on research activities hit a record $398.5 million for fiscal year 2019, a 6.3% increase over the previous year.
Spending on research, which has grown by nearly $100 million in the last decade, signals a bright future for the university’s research environment. In the fiscal year that ended June 30, CSU posted increases in all areas of sponsored project awards, including federal and industry funding.
“With our total expenditures closing in on $400 million this year, it’s clear that our research enterprise has never been stronger,” said Vice President for Research Alan Rudolph. “In an era of shrinking federal funding and increased competition for that funding, the fact that our federal expenditures have continued to increase speaks to the quality, breadth and depth of our faculty.”
Highlights of CSU’s research expenditure, award and proposal increases in fiscal year 2019.
This research climate is also closely tied to the work of CSU Ventures, the university’s technology and intellectual property licensing office. CSU Ventures brings technologies and ideas, the majority of which originate in CSU research laboratories, to industry and the marketplace.
In fiscal year 2019, CSU Ventures supported a record 261 inventors, who disclosed a record 127 new inventions. Licenses to CSU intellectual property also reached an all-time high, with 52 licenses signed in 2019. Licensing income for the university totaled $3.8 million, including the sale of the Rapid InterLibrary Loan (RapidILL) service to ExLibris. The RapidILL service was developed by CSU Libraries staff and provides efficient peer-to-peer sharing and document delivery for libraries worldwide.
The university also saw the establishment of six startup companies and the issuance of 47 patents.
The six new startup companies, and their faculty leads, are:
- AST UPAS, John Volckens
- AST On-Target, Chuck Henry
- Cypris, Garret Miyake
- New Iridium, Garret Miyake
- S3NSE Technologies, Tom Sale
- YoungHeart, Sue James