Science Foundation Arizona luring dollars

July 1, 2009

By hammersmith

[Source: Ken Alltucker, The Arizona Republic] – A group that pools public and private dollars to spur Arizona’s science and technology initiatives attracted more than $2 for each $1 it spent in public grant money on university research projects over the past two years, a new report indicates.

Science Foundation Arizona issued grants of more than $50 million in fiscal 2007 and 2008 to support university-research efforts.

That public investment helped secure nearly $110 million from private companies, federal research grants and other funding sources such as venture capital.

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