Industrial Funding of Academic R&D Continues to Decline in FY 2004

For the third consecutive year, industrial support of U.S. academic research dropped, according to the InfoBrief from the National Science Foundation. The 2.6 percent decrease in fiscal year 2004 from the previous year is the sharpest yet in the three-year trend, following a 1.1 percent reduction in FY 2003 and 1.6 percent in FY 2002.