Hiring the best researchers can help Universities increase research funding
October 25, 2010 § Leave a comment
In a recently posted article the University of Minneapolis paper outlines how the University, through recruiting top talent and setting up collaborations between researchers was able to consistently increase funding. This has yielded significant returns on where the standing of University of Minneapolis has moved up significantly in rankings to number 10 and has increased the research budget to over 700M dollars. This, once again points to the importance of providing the necessary tools for the faculty to apply for funding, form inter-disciplinary collaborative groups and extend the reach of the projects beyond basic research into translational medicine. Increasing the Research funding translates directly into high-paying jobs and innovation both for the public and the private sectors around the university.