Virginia Polytechnic Institute and State University research and development spending, FY2024
- Blacksburg, VA
- R1
- Public
- Standard form filer
Virginia Polytechnic Institute and State University in FY2024
$656.9 million
spent on research and development in FY2024, as reported to the NSF HERD Survey
- National rank
- #56 of 925
- Change on FY2023
- up 9.8%
- Rank change
- up 1
Virginia Polytechnic Institute and State University reported $656.9 million of research and development spending in FY2024, ranking #56 of the 925 institutions in the survey. That is up 9.8% on FY2023's $598.1 million; its national rank was up 1 place. Federal government is its largest funding source at 46.9% ($308.3 million), followed by institution funds at 31.0%. Its largest field of research is engineering, $277.6 million or 42.3% of the total.
Over time
Research spending, FY2010 to FY2024
Standard-form totals FY2010 onwards as revised by NCSES in the newest release; rank is within that series.
Year-by-year figures
| Fiscal year | R&D expenditure | Rank in series |
|---|---|---|
| FY2010 | $398.2 million | 46 |
| FY2011 | $450.1 million | 40 |
| FY2012 | $454.4 million | 39 |
| FY2013 | $496.2 million | 38 |
| FY2014 | $513.1 million | 39 |
| FY2015 | $504.3 million | 43 |
| FY2016 | $521.8 million | 42 |
| FY2017 | $522.4 million | 45 |
| FY2018 | $531.6 million | 46 |
| FY2019 | $542.0 million | 47 |
| FY2020 | $556.3 million | 49 |
| FY2021 | $542.0 million | 54 |
| FY2022 | $591.9 million | 53 |
| FY2023 | $598.1 million | 57 |
| FY2024 | $656.9 million | 56 |
FY2024 breakdown
Where the money came from, and what it paid for
FY2024 funding sources and research fields
Funding sources
The 6 NSF funding sources Virginia Polytechnic Institute and State University reported in FY2024, largest first. Shares are of its own FY2024 total, and the rank is national within that source.
| Source | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Federal government | $308.3 million | 46.9% | +9.3% | 61 |
| Institution funds | $203.5 million | 31.0% | +13.3% | 42 |
| State and local government | $80.6 million | 12.3% | +3.0% | 16 |
| Business | $34.3 million | 5.2% | −4.1% | 62 |
| Nonprofit organizations | $20.1 million | 3.1% | +54.2% | 88 |
| All other sources | $10.1 million | 1.5% | +8.7% | 69 |
| All sources | $656.9 million | 100.0% | +9.8% | 56 |
Fields of research
The 9 NSF research fields Virginia Polytechnic Institute and State University reported in FY2024, largest first.
| Field | FY2024 | Share | Change on FY2023 | US rank |
|---|---|---|---|---|
| Engineering | $277.6 million | 42.3% | +6.1% | 13 |
| Life sciences | $243.4 million | 37.1% | +10.1% | 77 |
| Computer and information sciences | $41.8 million | 6.4% | +38.2% | 13 |
| Non-S&E | $29.7 million | 4.5% | +20.6% | 81 |
| Physical sciences | $27.0 million | 4.1% | +20.4% | 73 |
| Social sciences | $12.8 million | 1.9% | −6.0% | 77 |
| Mathematics and statistics | $9.7 million | 1.5% | −19.6% | 23 |
| Psychology | $8.3 million | 1.3% | +30.4% | 68 |
| Geosciences, atmospheric sciences, and ocean sciences | $6.6 million | 1.0% | +9.4% | 114 |
Neighbours
Ranked around Virginia Polytechnic Institute and State University
Institutions ranked immediately above and below
The five institutions ranked above Virginia Polytechnic Institute and State University and the five below it in the FY2024 national ranking.
| Rank | Institution | FY2024 R&D |
|---|---|---|
| 51 | University of Colorado Boulder | $717.9M |
| 52 | North Carolina State University | $717.0M |
| 53 | University of Iowa | $703.3M |
| 54 | University of Chicago, The | $680.8M |
| 55 | University of Nebraska, Lincoln and Medical Center | $657.5M |
| 56 | Virginia Polytechnic Institute and State University | $656.9M |
| 57 | University of California, Irvine | $644.9M |
| 58 | Case Western Reserve University | $642.5M |
| 59 | University of Georgia | $628.1M |
| 60 | Uniformed Services University of the Health Sciences | $569.0M |
| 61 | University of Miami | $559.0M |
Keep looking
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Request a demoData: NSF HERD FY2024, built from NSF's published tables on September 8, 2026. Page updated September 13, 2026.
Data: National Center for Science and Engineering Statistics, National Science Foundation, Higher Education Research and Development Survey, FY2024.
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