May 12, 2006
Industry Support for Academic Research Falls, but Federal Aid Rises
Industry support for academic research in science and engineering fell for the third straight year in the 2004 fiscal year, said a report from the National Science Foundation. The apparent trend continues the first multiyear decline in support for a sector of academic research since the foundation began surveying colleges about their research-and-development expenditures, in 1953.
The report, "Industrial Funding of Academic R&D Continues to Decline in FY 2004," uses data from the