At Arizona’s public universities, faculty and students work together to revolutionize next-generation discoveries and accelerate solutions to global problems. This is research with real impact – focused on creating knowledge that translates to solutions for Arizona and around the globe.
Research at Arizona’s public universities infused more than $1.2 billion into Arizona’s economy in 2017, drawing the enterprise closer to the board’s strategic goal of $1.6 billion by 2025. This aggressive goal significantly impacts Arizona’s economy, competitiveness and growth. It also helps attract more businesses to Arizona and impacts the tax base for the state.
To ensure the continued growth of the research enterprise at Arizona’s public universities, the Arizona Board of Regents has set aggressive goals as part of its strategic plan. Increases in research activity, invention disclosures, and licenses and options translate to important benefits for Arizona and the world around us.
Arizona citizens can be proud that the research enterprise continues to grow. Research activity across Arizona’s public universities surpassed this year’s goal of $1,167,320 by nearly four percent, generating $1,214,320 in expenditures. Northern Arizona University surpassed its goal for invention disclosures by 41 percent and collectively, Arizona State University and the University of Arizona surpassed the targeted goals for executed licenses and options by nearly 21 percent.