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Education USA Weekly Update – Special Edition * March 4th, 2010

U.S. HIGHER EDUCATION – RESEARCH AND DEVELOPMENT

When we advise prospective international students on the quality of U.S. higher education, we are promoting one of the top reasons to study in the U.S. American colleges and universities are known worldwide for the quality of their facilities, resources, and faculty.

In addition, the U.S. is home to 75% of both the world’s top 20 and top 40 universities and 58% of the top 100.

In the U.S., around 2% of the gross domestic product (GDP) is spent on research and development, accounting for 40% of the world total.

According to the Chronicle of Higher Education, an estimated $49 billion a year of R&D spending is by U.S. higher education institutions (Almanac of Higher Education). In addition, the U.S has patented 38% of all new technology inventions by the industrialized nations of the Organization for Economic Cooperation and Development (OECD). It also employs 37% of OECD researchers (FTE), produces 35% of total world publications and 63% of highly cited publications, employs 70% of the world’s Nobel Prize winners and 66% of its most-cited individuals, and has published 332,916 scientific papers in 2008, which accounts for 29% of the world total. Universities across America also fund graduate students in a range of academic programs.

***Funding is provided to a majority of Ph.D. and masters candidates in engineering, computer science, and math programs and to around half of those studying the humanities.

Moreover, U.S. institutions sparked a record number of companies in 2008, according to a survey by the Association of University Technology Managers. The following key highlights were recently reported by the Chronicle of Higher Education and are worth noting in your advising sessions.

— Academic inventions from U.S. institutions in medicine, plant genetics, and alternative energy led to 543 new university spinoff companies in the 2008 fiscal year.

— U.S. college and university inventions generated more than $2.3 billion in licensing revenue with much of the bigger returns coming from the life sciences.

— U.S. higher education institutions executed 4,438 licenses granting rights to companies and others for new products, and they applied for more than 10,800 patents.

— Three U.S. institutions topped the Licensing Revenue and Patent Activity Report, FY2008 with more than $100-million in revenue:

* Northwestern University ($824.4 million)

* Columbia University ( $134.2 million)

* New York University ($104.2 million)

— The University of California State System received a combined total of $146.3 million in revenue, formed 55 new start-up companies, and was issued 899 new patents.

— The Chronicle also noted that 29 U.S. institutions saw revenue in excess of $10-million, and forty-two institutions earned between $1 and $5 million.

— Universities that specialize in clean energy and alternative fuels saw the most notable benefits. The University of Texas at Austin, for instance, topped $11.6 million in revenues and formed 10 new spinoff companies.

– Edited by Richard O’Rourke, Nancy W. Keteku and Rita Moriconi, Regional Educational Advising Coordinators for EducationUSA

EducationUSA Advisers in 170 countries provide accurate, unbiased information about all accredited U.S. higher education institutions.

Find your local EducationUSA center at: www.EducationUSA.state.gov – your official source on U.S. higher education.