Walter “Ted” Carter Jr. President at Ohio State University | Twitter Website
Walter “Ted” Carter Jr. President at Ohio State University | Twitter Website
The Ohio State University has announced a record-breaking $1.58 billion in research expenditures for the fiscal year 2024, marking an increase of over 9% from the previous year. This achievement reflects a significant growth trend, with the university's research and development expenditures more than doubling since fiscal year 2012 and increasing by over $600 million in the past four years.
President Walter “Ted” Carter Jr. highlighted the significance of this milestone: “This is a remarkable achievement for Ohio State, demonstrating the talents and dedication of our world-class students, faculty and staff.” He emphasized that while it is notable to be among leading institutions, the true impact lies in how Ohio State's research contributes to technology, health care, agriculture, and other fields.
The Enterprise for Research, Innovation and Knowledge oversees tracking of annual research funding at Ohio State. This funding supports critical scientific research across various domains including life-saving medical procedures and treatments for diseases such as cancer and diabetes. It also fosters innovation in business and agriculture.
Peter Mohler, executive vice president for research, innovation and knowledge, credited the university community for reaching this milestone: "The credit goes to the incredible deans, faculty, staff and students across the university."
According to the National Science Foundation’s Higher Education Research and Development survey rankings for fiscal year 2023, Ohio State remains a top 15 research university. The institution ranks ahead of prestigious programs at Harvard and Yale but follows Stanford, Cornell, and Duke.
Ohio State's federal research expenditures totaled $774.2 million for FY 2024—an 11% increase from FY 2023—with substantial contributions from agencies like NIH ($400 million), NSF ($81 million), and DoD ($74.9 million). Additionally, industry-sponsored research rose by 3% to $159.5 million while state-sponsored efforts increased by 8% to approximately $66.9 million.
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