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Federal Funds for Academic Research Rose Sharply in 2003 While Industry Support Continued to Decline

Federal funds for academic research rose by 13.1 percent in 2003, the second straight year of double-digit increases, the National Science Foundation reported on Wednesday. The growth, coupled with a continuing drop in funds from industry, fueled an increase in the federal share of academic-research money to nearly 62 percent, its highest level since 1985.