ANN ARBOR—The total volume of research at the University of Michigan reached $1.39 billion in the fiscal year that closed June 30, 2016, a 7.2 percent increase from the previous year and a new record high.
"As one of the largest and most diverse research universities in the world, U-M plays a significant role both in generating a steady stream of innovative ideas and in educating the people that together underlie the nation's economic success and quality of life," said S. Jack Hu, U-M vice president for research. "The growing investment in U-M research is a measure of the continuing confidence of our sponsors in the value that our faculty and students bring to society."
