Academics in South Korea top business funding index
By Karen MacGregor. Academics in South Korea attract the largest amounts of funding per capita in the world from big business, according to a new index – on average US$97,900 per researcher. Next come academics in Singapore, The Netherlands, South Africa and Belgium. Ireland (US$8,300 per academic) and Portugal (US$8,600) are at the bottom of the list of 30 countries surveyed for the World Academic Summit Innovation Index, which calculates what big companies invest annually in academics to conduct research and innovation work on their behalf. The index, compiled by Times Higher Education ahead of its inaugural World Academic Summit to be held in October, was produced from Thomson Reuters data used by the THE World University Rankings. It examines one of the 13 indicators in isolation: ‘Industry Income – Innovation: Research income from industry/academic staff’. More...