UT institutions collectively surpass $4.3 billion in research for fiscal year 2023
AUSTIN, TEXAS – Institutions from The University of Texas System collectively invested $4.3 billion in research in fiscal year 2023, up ten percent from FY 2022, ranking the UT System #2 nationally for research expenditures among higher education institutions and systems.
This spring, multiple UT institutions announced significant fiscal year 2023 research milestones. The UT MD Anderson Cancer Center led among UT institutions with $1.1 billion in research expenditures, followed closely by UT Austin, which surpassed $1 billion in annual research expenditures for the first time in its history – a 25 percent increase from FY 2022.
UT San Antonio also achieved a new research record, topping $152 million, while UT El Paso grew its expenditures to an all-time high of $145.7 million, a 12 percent increase from the previous year.
UT Rio Grande Valley produced nearly $78 million in research expenditures in FY23, a jump of almost 28 percent, marking significant progress toward reaching Carnegie R1 status in research.
To learn more about UT System institutions’ research expenditures and their collective impact, please visit https://dashboard.utsystem.edu/data-index/research-techtransfer.
About The University of Texas System
With 14 institutions that enroll over 256,000 students overall, the UT System is the largest university system in Texas and one of the largest public university systems in the United States. UT institutions produced over 63,000 graduates last year and awarded more than one-third of the undergraduate degrees in Texas, as well as 60% of the state's medical degrees. The combined efforts of UT-owned and affiliated hospitals and clinics resulted in over 10.6 million outpatient visits and more than 2 million hospital days in 2023. UT’s $4.3 billion research enterprise is one of the nation’s most innovative, ranking No. 1 in Texas and No. 2 in the U.S. for federal research expenditures. With an operating budget of $29.1 billion for fiscal year 2024, UT institutions collectively employ more than 122,000 faculty, health care professionals, support staff and students.
News Contact Information
Catherine Frazier: cfrazier@utsystem.edu • 512-499-4360 (direct)
