RD241 - Report on the Use of the Commonwealth Research Initiative Funds


Executive Summary:
The Commonwealth Research Initiative Funds have provided critical, foundational support for research activities at the University of Virginia. As a result of the state’s investment of $19.3 million ($11.45 million GF and $7.85 million ETF), the University has received $52.6 million in external federal and private funds (excluding any pending funding), representing a return of 272%. Collectively, these funds have substantially increased the institution’s research capacity by providing for the recruitment of distinguished faculty, the acquisition of research equipment, and advances in research strategic priorities, such as morphogenesis and regenerative medicine. Investments in higher education research contribute to the educational experience of students, promote economic growth, and benefit the citizens throughout Virginia and the world at-large. The University is grateful for the past state appropriations and requests that the state make continued investments in research for further advancement.