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News | 1 min read

VCU sets a record for sponsored research funding

October 26, 2023


Virginia Commonwealth University announced the highest sponsored research funding in its history today, continuing its growing national distinction as a top urban, public research university. The latest institutional record of $464.6 million total sponsored funding for fiscal year 2023 marks a 71% increase over five years ago and a 14% increase since last year.

“I’m proud that research is one of the fastest areas of growth and impact at VCU. Thanks to our faculty and supportive leaders, we continue to set new records for our sponsored research funding and have risen in the national rankings as a top public research university,” said VCU President Michael Rao, Ph.D. “Research is one of the most important ways that VCU as a public institution truly serves the public good. Research is a priority in every school – we’re asking questions that vex society and finding answers that improve and lift lives.”

President Rao shared a preview of fiscal year 2023 sponsored research figures with the VCU Board of Visitors earlier today. Details of the combined awards for sponsored programs, including grants, contracts and other funding types directed toward research and other activities, will become available in the coming weeks.

Read the full story here.