RD227 - University of Virginia Report on the Use of Commonwealth Research Initiative Funds October 2009


Executive Summary:
In FY 2009 the University of Virginia applied Commonwealth Research Initiative (CRI) funds to solidify existing areas of strength in basic sciences and engineering and expand selectively in promising new areas that distinguish UVa as a thought leader, produce societal benefit, and transform the higher education experience. These funds are critical in support of the University’s strategic mission outlined by the President’s Commission on the Future of the University. The Commission highlighted research, innovation, science, and engineering as key areas for selected investment over the next ten years and beyond.

In support of the University’s strategic vision, we funded recruitment packages for several key junior faculty members who expect to grow into the future leaders of the institution. These new faculty members had an immediate and significant impact on research productivity and external research funding. In FY 2009, as a result of state investment of $2.22 million, the University has been awarded $13.74 million in external federal and private funding (excluding any pending funding), representing a return of over 400%. A portion of the state’s FY 2009 contribution ($706,594) is committed to fund several of the critical strategic projects identified below for next fiscal year as well.

The CRI funds have substantially increased the institution's research capacity by providing for the recruitment of faculty and advances in research strategic priorities in bioscience and bioengineering. Indeed, in FY2009, with innovative, privately funded translational grant programs, we have strengthened the University's translational research infrastructure and accelerated the application of basic research to the solution of urgent public health and economic development problems for the Commonwealth. In FY 2010 we anticipate continued expansion of research productivity and expanded applications of research to the benefit of the entire University through a broad-based undergraduate research-learning program and greater private sector participation in research, through private gifts and industry partnerships.