$725 Million in 1997
Research, Technology Transfer Contribute to
Maryland's Economic Growth
Most of the funding came to Johns Hopkins from such federal agencies as the National Science Foundation, NASA and the Department of Defense and covered projects as expansive as the Far Ultraviolet Spectroscopic Explorer to explore the edges of the universe to the microscopic world of stem cells. Funding supported research conducted at the university's Krieger School of Arts and Sciences, G.W.C. Whiting School of Engineering, the schools of medicine, public health and nursing as well as at the Applied Physics Laboratory.
Johns Hopkins has for many years ranked far ahead of all other U.S. universities in scientific research and development spending. In 1997, Stanford University was ranked second at $332.2 million, the University of Washington followed at third at $320.7 million, MIT was fourth at $311.4 million and the University of Michigan was fifth at $296 million.
"Hopkins scientific research expenditures, and resulting ranking, is for us an indication that the university continues to contribute discoveries and innovations that have lasting benefit to society and serve subsequent scientific exploration," said university president William R. Brody. "Our research and the transfer of technology to the corporate sector has a very positive impact on Maryland's economy."
The university's economic impact also includes the use of its discoveries to promote private enterprises through both the licensing of new technology and the creation of new businesses. Johns Hopkins researchers applied for 161 patents in calendar year 1997, and 37 were granted. The university also concluded 36 licensing or option agreements with businesses during the year.
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