Declining Higher Ed R&D Expenditures: A Crisis or an Opportunity?

131220-University-RD-BudgetA recent National Science Foundation (NSF) report revealed that R&D expenditures among U.S. higher education institutions remained flat in FY2012 compared to FY2011, and, when adjusted for inflation, declined by 1.1 percent. “This represents the first constant-dollar decline since 1974 and ends a period of modest growth during FYs 2009–11, when R&D expenditures increased an average of 5% each year.”

While this statistic is newsworthy, it may not be as much of a crisis as it first seems. Continue reading “Declining Higher Ed R&D Expenditures: A Crisis or an Opportunity?”