08/25/2024
The Billion Dollar Club: Pioneering Research and Innovation in U.S. Universities
I’m excited to share some compelling insights into research expenditure among U.S. universities. The "Billion Dollar Club" highlights institutions with annual research expenditures surpassing $1 billion.
Remarkably, Georgia Tech ranks 17th on this prestigious list—an outstanding accomplishment, especially considering it doesn’t have a medical school. This milestone underscores Georgia Tech’s status as a true research-driven innovation leader.
In contrast, Johns Hopkins University has consistently held the top position for over a decade. Since 2020, fueled by increased funding for COVID-19 research, it remains the only university to exceed $3 billion in annual research spending.
Additionally, I have assessed the level of Ph.D. program supportiveness at universities within the Big Ten Academic Alliance. While I regret that space constraints prevent me from sharing the detailed metrics and model here, it is clear that the role of "Glocal Research Universities" in my forthcoming book, Glocal New Industry Innovation Ecosystems, is pivotal. The quantitative and qualitative standards of full-time Ph.D. programs are, indeed, the barometer of a Glocal research university's competitive edge in innovation.
Stay tuned for more updates!