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New Study Present Arizona State University’s Three-year Results from Public Investments in Science and Technology Research

University-based research activities in biodesign, nanotechnology, information science, materials science, and advanced manufacturing benefited Arizona’s knowledge economy from 2002 through 2004 by attracting new federal and private funding and by producing highly skilled workers, new products, and spinoff companies, according to a recently released study by Morrison Institute for Public Policy, a unit of Arizona State University.

Morrison Institute’s 19-page report, entitled New Returns on Investment in the Knowledge Economy: Proposition 301 at Arizona State University; Three-Year Aggregate Report, FY 2002 – FY 2004 analyzes results from ASU’s three years of science and technology research under voter-approved Proposition 301 funding. The report updates portions of Morrison Institute’s earlier groundbreaking studies, Seeds of Prosperity: Public Investment in Science and Technology, and New Returns on Investment in the Knowledge Economy, FY 2003.

“New Returns displays three years of ASU research outcomes in five categories relevant to the new economy,” said Rick Heffernon, senior policy analyst and author of the report. “The categories are new money, new programs, new ventures, new skills, and new talent. Research accomplishments and impacts in those areas,” said Heffernon, “should help Arizona become more competitive in the global knowledge economy by attracting science and technology leaders, and providing fertile ground for new companies and new scientific discoveries.”

Among ASU’s Proposition 301 accomplishments for the three years, FY 2002 – FY 2004:

* $47.7 million increase in external funding attracted by research projects

* $3.7 million in revenue from newly developed products and new company startups

* 26 new courses developed in biotechnology, nanotechnology, and information science

* 100 newly degreed graduate students and 43 post-docs trained in science and technology added to the workforce

* 46 new patents approved, 10 new companies launched, and 13 new products in the marketplace

* 64 new tenure track and research faculty successfully recruited

* 41 new research collaborations initiated with industry partners and national labs

* An internationally recognized R&D and business leader hired to direct the Biodesign Institute

The flagship for ASU’s Proposition 301-supported research investments is the Biodesign Institute at Arizona State University, which oversees interdisciplinary biomedical research centers that investigate new ideas for improving human health and quality of life. The Biodesign Institute also links ASU to other
biomedical research facilities in the Phoenix area, including the Translational Genomics Research Institute (TGen), Barrow Neurological Institute, and Mayo Clinic.

Proposition 301 also continues to support ASU research in information science, materials science, and wireless communications. Current projects include research in 3D modeling, embedded technologies, information security, and the development of nanotech devices for sensing, monitoring, and bioimplanting.

New Returns FY 2002 – FY 2004 is part of Morrison Institute’s continuing effort to keep Arizona informed of the status of Proposition 301 investments at ASU. In conjunction with this effort, Morrison Institute is developing a new research assessment tool called the CAT Measures, which analyzes the effects of new connections, attention, and talent generated by science and technology research activities.

The CAT Measures will inform policy decisions on public investments by providing ongoing feedback to decision-makers on the impacts of research activities.

Morrison Institute for Public Policy is an Arizona State University resource for objective, provocative, public policy research and analysis. A part of the School of Public Affairs in the College of Public Programs, Morrison Institute brings university scholarship and public policy development together for the benefit of
Arizonans.

To download the PDF of New Returns, click this link:

http://www.asu.edu/copp/morrison/NewReturns2005.pdf

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