University of Memphis gets more than $100M in grants for the first time, school says

For the first time, the University of Memphis has been awarded more than $100 million in annual research awards, the school announced in early September.

U of M said it more than doubled its research awards in the last two fiscal years, from $48 million in fiscal year 2022 to $101 million in fiscal year 2024, the current academic year.

“We are proud of our faculty researchers who continue working hard to win nationally competitive research awards with their cutting-edge ideas especially from the federal research agencies,” said U of M President Bill Hardgrave.

In a release, U of M said more than 75% of the $101 million was from federal agencies. The university also said other areas "show record growth."

"A record 14 unique federal agencies contributed more than $1 million to the research efforts across campus, showcasing the breadth of the work done by UofM faculty," the university said.

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In the release, the school said university researchers and faculty were doing work to help bolster the pipeline for healthcare workers, working in the artificial intelligence space and focusing on solutions for local communities in their areas of research.

U of M also said almost 40 researchers had secured $500,000 or more in awards for the fiscal year.

"The average award size has more than tripled in the last five years," the U of M press release said.

This article originally appeared on Memphis Commercial Appeal: University of Memphis gets more than $100M in grants for the first time, school says