{"id":32,"date":"2025-03-13T15:02:44","date_gmt":"2025-03-13T19:02:44","guid":{"rendered":"https:\/\/research.ncsu.edu\/annual-report\/?page_id=32"},"modified":"2025-08-18T12:59:19","modified_gmt":"2025-08-18T12:59:19","slug":"executive-summary","status":"publish","type":"page","link":"https:\/\/research.ncsu.edu\/2024-annual-report\/executive-summary\/","title":{"rendered":"Executive Summary"},"content":{"rendered":"\n\n\n\n\n<p>Last fiscal year, our university&#8217;s research enterprise continued to grow \u2014 reaching record highs in both awards and expenditures. Sponsored research awards totaled $517 million (see Figure 1), and research expenditures \u2014 $633 million \u2014 were also the highest on record (see Figure 2). <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/research.ncsu.edu\/annual-report\/files\/2025\/05\/FY2024_DigitalAnnualReport_Expenditures-1-1024x576.png\" alt=\"\" class=\"wp-image-341\" \/><figcaption class=\"wp-element-caption\">Figure 1. NC State research and development expenditures (based on NSF HERD Survey)<\/figcaption><\/figure>\n\n\n\n<p>The National Science Foundation (NSF) remains our largest federal sponsor, with $66.4 million in expenditures. One of ORI\u2019s strategic goals is to diversify NC State\u2019s research funding portfolio; for example, to increase expenditures from Health and Human Services (HHS) In comparison to FY 2017-2018, expenditures from HHS have increased by 85%. Overall, federal expenditures are up by 11% and our research funding portfolio remains well-balanced.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/research.ncsu.edu\/annual-report\/files\/2025\/03\/FY2024_DigitalAnnualReport_PieChart-1024x576.png\" alt=\"\" class=\"wp-image-128\" srcset=\"https:\/\/research.ncsu.edu\/2024-annual-report\/files\/2025\/03\/FY2024_DigitalAnnualReport_PieChart-1024x576.png 1024w, https:\/\/research.ncsu.edu\/2024-annual-report\/files\/2025\/03\/FY2024_DigitalAnnualReport_PieChart-300x169.png 300w, https:\/\/research.ncsu.edu\/2024-annual-report\/files\/2025\/03\/FY2024_DigitalAnnualReport_PieChart-768x432.png 768w, https:\/\/research.ncsu.edu\/2024-annual-report\/files\/2025\/03\/FY2024_DigitalAnnualReport_PieChart-1536x864.png 1536w, https:\/\/research.ncsu.edu\/2024-annual-report\/files\/2025\/03\/FY2024_DigitalAnnualReport_PieChart-2048x1152.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Figure 2. Federal Expenditures by Agency (based on NSF HERD Survey data)<\/figcaption><\/figure>\n\n\n\n<p>A leading research university, NC State is 6th in research expenditures among all public schools without medical schools. In business or industry-sponsored research expenditures, we rank 16th among all public schools and 6th among public schools without a medical school. <\/p>\n\n\n\n<p>Our university also continues to excel in research innovation and commercialization. Among public universities without medical schools, we rank in the top 10 in all key metrics. Last year, NC State innovators and inventors submitted 214 disclosures, negotiated 155 commercialization agreements, and launched 15 startups and  21 new products based on NC State intellectual property. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last fiscal year, our university&#8217;s research enterprise continued to grow \u2014 reaching record highs in both awards and expenditures. Sponsored research awards totaled $517 million (see Figure 1), and research&hellip;<\/p>\n","protected":false},"author":1159,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-header","ncst_dynamicHeaderData":"{\"pageIntro\":\"The Office of Research Innovation (ORI) supports and nurtures NC State's research enterprise.\"}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"tags":[],"class_list":["post-32","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/pages\/32","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/users\/1159"}],"replies":[{"embeddable":true,"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/comments?post=32"}],"version-history":[{"count":1,"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/pages\/32\/revisions"}],"predecessor-version":[{"id":413,"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/pages\/32\/revisions\/413"}],"wp:attachment":[{"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/media?parent=32"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/research.ncsu.edu\/2024-annual-report\/wp-json\/wp\/v2\/tags?post=32"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}