WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION

IN 1985, THE WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION (RESEARCH CORPORATION) WAS CREATED IN ACCORDANCE WITH WEST VIRGINIA STATE LAW AND WITH THE EXPRESSED PURPOSE TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY (UNIVERSITY). THE RESEARCH CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES: (1) TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY; AND(2) TO PROVIDE EVALUATION, DEVELOPMENT, PATENTING, MANAGEMENT, AND MARKETING SERVICES FOR INVENTIONS BY THE FACULTY, STAFF, AND STUDENTS OF WEST VIRGINIA UNIVERSITY.RESEARCH IS AN INTEGRAL PART OF THE UNIVERSITY'S MISSION AND THE RESEARCH CORPORATION FACILITATES THIS MISSION THROUGH ITS ROLE AS A FISCAL AGENT FOR SPONSORED PROJECTS. THE RESEARCH CORPORATION ALSO USES ITS UNIQUE STATUS TO MAXIMIZE THE EFFECTIVENESS OF TECHNOLOGY TRANSFER IN ADDITION TO ITS ECONOMIC AND BUSINESS DEVELOPMENT FUNCTIONS. ONE IMPORTANT INDICATION OF THIS SUCCESS IS THE UNIVERSITY'S CLASSIFICATION AS AN R1, DOCTORAL UNIVERSITY - HIGHEST RESEARCH ACTIVITY, BY THE CARNEGIE FOUNDATION IN FISCAL YEAR 2022 PLACING WVU AMONG THE 146 STRONGEST RESEARCH INSTITUTIONS IN THE UNITED STATES. SPONSORED AWARD EXPENDITURES CAME IN AT $275 MILLION FOR FISCAL YEAR 2024, WITH $124 MILLION COMING FROM FEDERAL AGENCIES (IN FISCAL YEAR 2023 THE NUMBERS WERE $231 MILLION AND $107 MILLION). AS A RESULT OF THIS GROWTH, THE FACILITIES AND ADMINISTRATIVE COSTS ("F&A") RECOVERED INCREASED FROM $39.2 MILLION TO $43.4 MILLION FROM FISCAL YEAR 2023 TO FISCAL YEAR 2024 - AN INCREASE OF $5.2 MILLION.COMPARING FISCAL YEAR 2024 TO FISCAL YEAR 2023 FOR OUR PRIMARY FEDERAL RESEARCH SPONSORS:DOE FUNDED EXPENDITURES INCREASED FROM $13.8 MILLION TO $19.8 MILLIONHHS FUNDED EXPENDITURES DECREASED FROM $55.5 MILLION TO $50.4 MILLIONUSDA FUNDED EXPENDITURES DECREASED FROM $11.7 MILLION TO $7.8 MILLIONNASA FUNDED EXPENDITURES INCREASED FROM $5.5 MILLION TO $7.8 MILLIONNSF FUNDED EXPENDITURES REMAINED CONSTANT AT $14.2 MILLIONOTHER FEDERAL FUNDED EXPENDITURES INCREASED FROM $14.1 MILLION TO $23.8 MILLIONINVESTMENTS IN IMPROVING THE COMPETITIVENESS OF THE FACULTY THROUGH THE IMPLEMENTATION OF PROGRAMS BY THE RESEARCH OFFICE IS CONTINUING TO YIELD A NOTICEABLE RETURN IN TERMS OF THE DOLLAR VALUE OF NEW AWARDS. THE MOST EFFECTIVE OF THESE INVESTMENTS REMAINS THE PROGRAM TO STIMULATE COMPETITIVE RESEARCH, PROVIDING SUPPORT TO ENSURE THAT RESUBMITTED PROPOSALS HAVE A SIGNIFICANTLY ENHANCED PROBABILITY OF SUCCESS; AND AN INTERNAL NATIONAL INSTITUTES HEALTH (NIH) STYLE STUDY SECTION AT OUR HEALTH SCIENCES CENTER (HSC), PROVIDING SCIENTIFIC REVIEW OF GRANT APPLICATIONS PRIOR TO EXTERNAL SUBMISSION TO INCREASE COMPETITIVENESS. THE UNIVERSITY'S FOCUS ON AREAS SUCH AS NEUROSCIENCE, ENERGY AND SUSTAINABILITY, AND AEROSPACE IS YIELDING MANY OF THE INCREASES NOTED ABOVE. ADDITIONALLY, WE HAVE RECEIVED $50 MILLION FROM THE STATE OF WEST VIRGINIA TO INVEST IN AND GROW OUR CANCER INSTITUTE'S RESEARCH CAPABILITIES. FINALLY, IT SHOULD ALSO BE NOTED THAT THE OUR F&A RECOVERY HAS GROWN BY OVER $15.7 MILLION SINCE 2020.WHILE THE UNIVERSITY AND THE RESEARCH CORPORATION FINDS ITSELF IN A VERY DYNAMIC FUNDING ENVIRONMENT, BOTH ARE DEPLOYING INNOVATIVE STRATEGIES TO EXPAND THE QUANTITY AND QUALITY OF FUNDING FOR THE RESEARCH ENTERPRISE FROM ALL SOURCES AND LOOKS FORWARD TO CONTINUED SUCCESS IN THE FUTURE.