Industry Funding for Academic Research

Indicator 15:  Industry Funding for Academic Research

 

How Does Massachusetts Perform?

INDICATOR 15: Industry Funding for Academic Research text box stats: Factoids; $292M in 2017 Industry Funding for Academic Science & Engineering Research (5th nationally) Second highest level of Industry Funding for Academic and Science Research as a % of GDP

After a decline in 2013, industry funding for academic research and development in science and engineering (S&E) in Massachusetts reached $292M in 2017, a $67M increase over 2012. Over the last five years, Massachusetts’ share of the U.S. total has remained relatively steady, averaging 6.4% a year. Massachusetts’ share of the U.S. total in 2017 was 6.61%.

Since 2013 the majority of the LTS have experienced considerable growth in industry-funded academic research in S&E as a percentage of GDP, reversing the decline experienced from 2009-2013. Thirteen LTS have experienced double digit growth rates. In 2017, Massachusetts experienced an increase of $6M of industry-funded academic research from the previous year. North Carolina leads the LTS in industry funding for academic research in S&E per $100,000 GDP with $76.55; MA is in second ($64.12); the remaining LTS are substantially behind the two leaders.

In 2017, industry funding as a share of total academic S&E research funding increased to 7.45% in Massachusetts, a slight increase from 2016 (7.38%), which placed it in 3rd place among the LTS, following North Carolina (11.41%) and Ohio (8.72%).

Industry funding for academic research in S&E for each of the LTS is relatively small compared with the total research enterprise in each state, thus funding amount percentages can change dramatically from year to year.

 

 
 
 

Data Source for Indicator 15: NSF, BLS, Census Bureau