Some interesting facts from an annual Purdue technology report:
- A record $438 million in sponsored research programs for fiscal year 2009-10, a 28 percent increase over the previous fiscal year
- Every $1 million in research funding supports employment for seven full-time employees
- Purdue received 48 issued patents for 2009, compared to 24 for 2008
- The four Purdue Research Park business incubators house more than 200 companies that employ about 4,000 people. The average annual wage of those employees is $54,000
- According to Joe Hornett of the Purdue Research Foundation, "Sixty-four of our park-based companies are a direct result of discoveries from Purdue and another 25 companies in our park network work with Purdue faculty to advance new technologies. Many of these companies were formed from research that faculty advanced through federal and state grants that Purdue received."
The university notes that "a significant amount of funding Purdue received was awarded through the American Recovery and Reinvestment Act," but adds that focus in the following five areas has been crucial: life and health sciences; cyberinfrastructure and information technology; defense, security and space sciences; energy and environment; and science, technology, engineering and mathematics education, or STEM.
Classify that under "Boiler Up!" and keep it up as Indiana’s higher education institutions need to play a pivotal role in our state’s economic future.