College Research Income Leaps by 20% in One Year - George Brown College Heads National Ranking
TORONTO, Nov. 2, 2017 /CNW/ - Canada's leading research colleges posted a combined research income of $201.7 million in Fiscal 2016 compared with $167.8 million in Fiscal 2015, a gain of 20.2%, according to Research Infosource Inc., which today released its annual ranking of Canada's Top 50 Research Colleges. Toronto's George Brown College led the Top 50 with $13.2 million of research income, followed by Fanshawe College ($12.3 million) and Lambton College ($11.0 million).
"On the surface, an overall 20.2% gain in research income is an outstanding result," said Ron Freedman, CEO of Research Infosource, "but appearances can be deceiving. Most of the increase was driven by one-time federal government grants that have skewed the underlying trends, and which will not be repeated next year. The increased funding was distributed to a minority of colleges, but nonetheless it affected the national total."
Colleges reported a total of 2,845 active formal research partnerships with external organizations, a 10.5% gain over Fiscal 2015. Colleges also indicated they had completed 2,766 research projects, a 12.8% improvement over the prior year. The number of college researchers rose by 12.9% to 2,379. However, the number of college students paid to engage in research increased by only 1.9% to 2,075.
Overall year-over-year income growth was strongest at Fanshawe College (564.4%), George Brown College (245.2%) and Cégep de Sept-Îles (95.3%). Twenty Quebec colleges captured 37.4% of the national income total followed by 13 Ontario institutions (36.9%), and 6 Alberta colleges (8.6%).
College research funds received from industry sources rose to $40.5 million, a gain of 8.4% over Fiscal 2015. Industry research income increased at 26 colleges compared with 22 colleges where industry income fell, and 2 colleges were flat.
"A rising tide of college research income and research activity is certainly to be welcomed," said Mr. Freedman, "but one-time federal research grants to a minority of colleges are no substitute for sustained base funding. The challenge for the funding winners is to translate the federal government largesse into increased levels of research activity."
For complete information: https://researchinfosource.com/top50_col.php
About Research Infosource Inc.
Research Infosource Inc. is Canada's source of R&D intelligence. Drawing from proprietary databases, Research Infosource publishes Canada's Innovation Leaders, which includes Canada's Top 100 Corporate R&D Spenders, Canada's Top 50 Research Universities, Canada's Top 40 Research Hospitals and Canada's Top 50 Research Colleges. As well, Research Infosource publishes specialized reports and The Innovation Atlas of Canada™ – a web-based research and innovation mapping and data information product.
SOURCE Research Infosource Inc.
or for an interview, please contact: Ron Freedman, CEO, Research Infosource Inc., Telephone: 647-345-3434, ext. 22, Cell: 416-879-9000, Email: [email protected]
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