Feb. 8, 2024
I’m thrilled to share that Mizzou increased our research expenditures to more than $462 million in FY 2023. This is a new record and marks the 10th consecutive year of growth. I want to thank the strong contributions by our faculty, staff and students who made this possible.
Research expenditures reflect the total invested in breakthrough discoveries from public and private grants. These funds directly support groundbreaking research in energy, medicine, education, agriculture and other fields that benefit our state and nation. Our expenditures are increasing around 8.5% per year, when the national average is about 5.5%. This impressive progress placed us No. 8 among AAU universities in percentage of growth since 2015.
In addition to saving and improving lives, research at MU generates nearly $1 billion a year in economic impact for Missouri. Our success also attracts new world-class faculty who help grow our research capacity.
We’re proud of what we have achieved – and thanks to MizzouForward and strong initiatives like NextGen, we will continue to invest in the infrastructure and equipment our researchers need to make a difference in Missouri and beyond.