Generating Research


UAB RESEARCH ECONOMIC IMPACT

In FY 2009, UAB’s research enterprise secured $489 million in external research funding, ranking No. 31 nationally in federal funding and in the top 20 nationally in funding from the National Institutes of Health. That translates to an economic impact of $1 billion ($437.4 million direct and $586.6 million indirect).

The projected economic impact of UAB research in FY 2019-20 is $1.4 billion ($617.4 million direct and $802.6 million indirect). This is the mid-range scenario, based upon the assumption that sponsored research increases to $689 million and the economic impact of UAB increases to $6.6 billion.


Current and Projected Research Impact of UAB
Generating Research Bar Graph-Current and Projected Economic Impact of UAB Reasearch (in millions) Bar Graph
  Direct Research Impact Indirect Research Impact Total Research Impact (Direct + Indirect)
UAB Current (FY 09) $437.4 million $586.6 million $1,006.0 million
UAB Projected (FY 20)
Conservative Scenario
$527.4 million $685.6 million $1,213.0 million
UAB Projected (FY 20)
Mid-Range Scenario
$617.4 million $802.6 million $1,420.0 million
UAB Projected (FY 20)
Aggressive Scenario
$707.4 million $919.6 million $1,627.0 million


UAB RESEARCH EMPLOYMENT IMPACT

In FY 2008-09, the $489 million UAB received for sponsored research and programs supported 8,529 jobs. These include direct UAB employment of research professionals (3,412 direct jobs) plus jobs created indirectly by vendors, contractors and laborers, administrators and managers who support the research infrastructure and jobs created in the community by the disposable income of the scientific workforce.

If the university can grow its strong faculty base, it will continue to attract and spend increasingly higher levels of research dollars that create jobs. In FY 2019-20, the $689 million that UAB is projected to receive for sponsored research and other programs will support a total 12,039 jobs (4,816 direct jobs).


Current and Projected Research Employment Impact of UAB (jobs)
Generating Research Bar Graph Jobs-Current and Projected Research Employment Impact of UAB (jobs)
  Direct Research Employment Impact Indirect Research Employment Impact Total Research Employment Impact (Direct + Indirect)

UAB Current (FY 09)

3,412 5,118 8,529

UAB Projected (FY 20)
Conservative Scenario

4,114 6,171 10,284

UAB Projected (FY 20)
Mid-Range Scenario

4,816 7,224 12,039

UAB Projected (FY 20)
Aggressive Scenario

5,518 8,277 13,794


RESEARCH COMMERCIALIZATION

The UAB Research Foundation — the technology-transfer office for UAB — identifies, assesses and markets commercially viable technology. UAB has technologies in every medical therapeutic area — ranging from platform technology and research tools to diagnostics and therapeutics (such as gene therapy and vaccines), and every stage, including clinical trials. UAB also has a strong portfolio of engineering, biomaterials and computer technologies with a variety of industrial and medical applications. And UAB is a partner in Innovation Depot, a business-incubation facility and program that focuses on the development of emerging biotechnology/life science, information technology and service businesses.

Based upon research funding of $489 million, the economic impact of spin-off businesses and commercialization of research in existing companies is estimated to be between $1.5 billion (conservative) and $2.8 billion (aggressive) on the state’s economy by 2020.