The University of Iowa and Iowa State University have both released their external funding records for the budget year that ended June 30, and both universities surpassed their previous funding records.
The University of Iowa received $867 million in external funding in the 2022 fiscal year. This represents a 6% increase over the 2021 fiscal year.
“These funds allow the University of Iowa to continue to provide transformative educational experiences for students, advance discoveries through research, and improve the lives of Iowans through education, health care, creative productions, and economic vitality,” Marty Scholtz, vice president for research, said in a statement. “We are proud of the hard work of the faculty, staff, and students who secured this funding in order to advance the university’s threefold mission of teaching, research, and public service.”
Iowa State University attracted a record $601.7 million in total external funding for the 2022 fiscal year. It’s the first time Iowa State’s external funding total has exceeded $600 million. The new record is a jump of $42.6 million and 7.6% from the previous high of $559.1 million set in fiscal year 2021.
“Record external funding and sponsored research affirms Iowa State’s excellence as a renowned research and land-grant university,” said ISU President Wendy Wintersteen. “Iowa State’s research enterprise is flourishing in a university ecosystem devoted to innovation and entrepreneurial growth. Through our business and industry partnerships, research-based startups and career-ready graduates, Iowa State is accelerating the state’s economic progress.”
Iowa State’s biggest federal research supporter in the 2022 budget year was the Department of Energy with nearly $68 million, followed by the Department of Agriculture with nearly $48 million.