Science Market Update

University of Minnesota, Twin Cities: $326.3M in Research Funding

Posted by Jennifer Nieuwkerk on Tue, Mar 12, 2013

Biotechnology vendors and lab suppliers in Minnesota will find a well-funded life science research market at the University of Minnesota, Twin Cities, according to the most recent NIH and NSF research funding statistics. In 2012, the NIH awarded the University of Minnesota, Twin Cities $243.5 million in research funding. The funding was distributed among a number of different departments at the university. For the convenience of our readers, we have composed a list with the number of projects awarded money in each science research discipline and the total amount of funding for those projects:

  • Biochemistry – 38 awards, $10.6 million
  • Biology – 9 awards, $2.1 million
  • Biomedical Engineer – 18 awards, $4.6 million
  • Biostatistics – 8 awards, $14.4 million
  • Chemistry – 13 awards, $2.9 million
  • Internal Medicine – 73 awards, $34.6 million
  • Microbiology – 12 awards, $4.8 million
  • Pharmacology – 36 awards, $13.2 million
  • Veterinary Sciences – 15 awards, $4.3 million

In addition to the $243.5 million awarded by the NIH, the University of Minnesota, Twin Cities also received $82.8 million from the NSF in 2012. The money was given out to various individual projects spanning the science research field. Of the total amount of research funding, $13.9 million went to life science projects alone. The life science programs of study included various topics, including plant genome research, ecosystem science, systems and synthetic biology, macrosystem biology, genetic mechanisms, population and community ecology, physiology and structural systems, developmental systems, neural systems, evolutionary processes, cellular dynamics and function, systematics and biodiversity science, and bioinformatics.

 

University of Minnesota, Twin Cities
The University of Minnesota, Twin Cities

Image courtesy of Wikimedia Commons

 

According to statistics collected by Biotechnology Calendar, Inc., the University of Minnesota, Twin Cities was ranked 10th by the NSF in 2009 for total R&D expenditures in life sciences and 19th by the NIH in 2011 for direct plus indirect costs, excluding R&D expenditures and ARRA awards. The University of Minnesota research portfolio has grown by 41% since 2004, making its budget the second fastest growing of public universities in the United States. The University of Minnesota, Twin Cities is also ranked fourth nationally for patent creation and innovation. For more research funding information on the University of Minnesota, Twin Cities, click on the Funding Stats and Vendor Info button at the bottom of the article.

Given the numbers above, it’s that the University of Minnesota, Twin Cities is an incredibly well-funded market. Biotechnology Calendar, Inc. encourages all biotechnology vendors and lab suppliers to network with science researchers, lab managers and purchasing agents at our next science research trade show, the Minneapolis BioResearch Product Faire™ Event, on September 26, 2013. Last year, our Minneapolis BioResearch Product Faire™ Event attracted 454 attendees. Of those who visited the event, 101 were purchasing agents, professors and post docs, and 67 were lab managers. The science research trade show attendees came from 24 different research buildings and 54 departments across campus.

Biotechnology Calendar, Inc. is a full-service science research marketing and event-planning company. We organize science research trade shows at top research universities across the country. For more information on our Minneapolis BioResearch Product Faire™ Event, or to view more funding statistics for the University of Minnesota, Twin Cities, click on the button below. If you’d like to look into attending a trade show closer to home, we encourage you to check out our 2013 calendar of events.

 

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Tags: Midwest, Life Science, NIH, Minnesota, NSF, University of Minnesota, Research Funding, science research, MN, Minneapolis, BioResearch Product Faire Event, University of Minnesota Twin Cities, biotechnology vendors and lab suppliers, lab suppliers, St.Paul, 2013, 2014, UMinn

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