(WDRB) --
"One of our goals at UofL is to be a great place to invest, UofL President Neeli Bendapudi, Ph.D., said in the release. "This is proof-positive that we are succeeding in that goal — that UofL and its research are a strong investment. The work this funding supports has the potential to address the grand challenges of our time: how we empower communities, advance health and engineer the future of work."
According to a news release, in 2019-20, the university was awarded a record-breaking $170 million. That was an $18 million increase over the previous year. The money was used to train students for technology-related "jobs of tomorrow" and to research and test vaccines at the Pfizer Vaccines Center of Excellence.
The 2019-20 fiscal year was also the best for making money off university technologies. U of L earned $9.4 million from license royalties and other related income -- a 30-percent increase over the year prior.