Marquette reports record-breaking research and development expenditures for FY23 

Marquette has reported a record $47.8 million in research and development expenditures for the fiscal year 2023 closing June 23, 2023. This figure will be finalized in November 2024 when the National Science Foundation completes its reporting and issues its annual Higher Education Research and Development Survey. 

The fiscal year figure represents an institutional record and nearly 18% increase (17.7%) over fiscal year 2022 ($40.6 million). Marquette has seen year-to-year increases in 10 of the last 13 years and has more than doubled its R&D figure over the last 10 years. 

Marquette also saw a significant increase in R&D expenditures from federal funding increasing from $15.3M in FY22 to 20.1M in FY23.  Federal support now comprises 42% of the university’s R&D, its largest source of funds for the year. Half of the federal funds came from the National Institutes of Health, while nearly a quarter – 22% – came from NSF.  Funding from the Departments of Energy and Defense also contributed to this growth.  

Institutional support of research grew nearly 11% increase year over year in FY23. Institutional support of research has nearly doubled since FY15. 

The HERD Survey is an annual census of U.S. colleges and universities that expended at least $150,000 in separately accounted-for R&D in the fiscal year. The survey collects information on R&D expenditures by field of research and source of funds and also gathers information on types of research, expenses, and headcounts of R&D personnel.