The Office of Sponsored Research (OSR) plays a critical role in supporting the research activities of the faculty. The office helps identify potential funding sources and matches funding opportunities with the research interests and expertise of our faculty. The office is the key entity that assists and guides faculty in preparing and submitting research grant and contract proposals to federal, state, and municipal funding agencies as well as to industry and other organization that provide support for basic and applied research. The OSR has oversight with regard to all governmental and institution compliances. Once an award is received, the office also issues any associated subcontracts and consulting agreements, as well as setting up the account internally. The OSR is responsible for any modifications to the grant after award.
In Fiscal Year 2012 (July 1, 2011 to June 30, 2012), the School of Engineering researchers were awarded $20,129,980 in research grants and contracts, and had expenditures of $18,043,126, an increase of 31% over Fiscal Year 2011.
The School of Engineering has a rich history of world-renowned Research Centers and Research Institutes: the Weber Research Institute, the Polymer Research Institute, and the Aerodynamics Lab. Research Centers/Institutes benefit the institution and the participating faculty and students in many ways. They are defining factors in the research profile of the institution and its faculty. They contribute to the recognition of the School of Engineering's research performance by the outside world. Internally, they enhance interdisciplinary conversations among faculty, they provide research opportunities for and support of PhD students, they sponsor high-profile seminars and conferences, they attract top postdocs, research associates, and visiting faculty, and they house state-of-the-art shared research instrumentation and equipment. More detailed information about the School of Engineering's university-wide research centers and institutes can be found at http://engineering.nyu.edu/research/centers.
In addition to these university-wide centers and institutes, the School of Engineering faculty conduct research in departmental research centers, institutes, and labs. More information can be found at: http://engineering.nyu.edu/research/labs.
At the School of Engineering, our researchers are involved in the creation of new and cutting-edge scientific breakthroughs that address basic as well as applied science. Many advances constitute protectable intellectual property (IP) that may have the potential to be transformed into new technologies, new products and devices, and new processes. The School of Engineering encourages and supports faculty who seek protection of their IP. When the School of Engineering decides to assume the rights to a faculty- or student-conceived invention, it will cover all costs associated with protecting the IP and will enter into a generous revenue-sharing agreement with the inventors.
The ultimate commercialization of university-owned IP can take many forms and includes, but is not limited to licensing agreements, joint development agreements, and the creation of start-up companies. The School of Engineering works closely with NYU’s Office of Industrial Liaison (OIL) in its IP commercialization activities.
In order to nurture commercialization efforts through startup companies, the School of Engineering has established business incubators/accelerators, one at 137 Varick Street in Manhattan and at 20 Jay Street in Brooklyn (see http://engineering.nyu.edu/business/incubators for details). In less than three years, 24 companies have “graduated” from our incubator program, meaning they grew so big or raised so much money they had to find space on their own. We helped them raise over $45 million of venture capital funds, and these companies created nearly 500 new jobs, many for our students. One “graduate” company, ThinkEco, was chosen by Con Edison to bring ThinkEco’s energy-saving “smart plug” to homes across New York City. All summer, ThinkEco’s smart plugs reduced the energy usage of 10,000 New York City air conditioners during peak demand – and helped prevent black- or brown-outs in NYC, even though we had one of the hottest summers on record.