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Georgia Tech Is Teaching Other Universities a Fundraising Lesson
Universities facing federal research budget cuts are increasingly turning to corporate partnerships for funding as Georgia Tech secures $70 million from industry this fiscal year -- 28% more than last year and representing 15% of campus research funding versus the 6% national average. The Atlanta sc...
Universities facing federal research budget cuts are increasingly turning to corporate partnerships for funding as Georgia Tech secures $70 million from industry this fiscal year -- 28% more than last year and representing 15% of campus research funding versus the 6% national average. The Atlanta school's corporate engagement office has fielded multiple weekly calls from other institutions seeking guidance after securing deals including Hyundai's $55 million stadium naming rights agreement alongside undisclosed research investments in electric vehicle and hydrogen fuel technologies.The arrangements come with restrictions: nondisclosure agreements limit publication options for graduate students, and companies typically avoid funding basic research without immediate commercial applications. Federal grants still constitute over half of university research spending nationally, supporting early-stage discovery work that laid groundwork for current quantum computing developments.
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