Date of Meeting:
10:30am - 201 Gilmore Hall
Council Members present:
Scott Bounds, Carolyn Colvin, Ed Gillan, Patricia Gillette, Jane Gilotti, William Haynes, Robert Ketterer, Robert Kirby, Miriam Landsman, Johna Leddy, Kyle Oskvig, Cheryl Reardon, Daniel Reed, Neil Segal and Alberto Segre
Agenda Item 1:
Approval of the December 11, 2012 minutes
The December 11th minutes were approved.
Agenda Item 2:
VP Reed presented his vision of the research agenda at UI and its intersections with economic development
Vice President Reed’s presentation is linked below:
Points of discussion from the presentation:
The Federally negotiated F & A rate for current organized research is 51% MTDC (total direct costs minus exclusions).
The Office of Management and Budget (OMB) has directed federal agencies to formulate plans in preparation for implementing a possible sequester.
• By law, half of the sequestration cuts would be to defense, and half to domestic programs. For domestic programs, cuts would be applied to discretionary programs, which include the National Institutes of Health (NIH) and the National Science Foundation (NSF).
• The government has not specified exactly how these cuts would be implemented at each agency, however, the Congressional Budget Office estimates that the budgets of most programs (including NIH and NSF) would be reduced by 5.1% per year, based on the overall dollar amount required.
Research trends indicate interdisciplinary, multi-investigator, multi-campus projects with shared core facilities.
An increase in intra- and inter-university competition for fewer and smaller awards is foreseeable. This creates opportunities as well as challenges.
Focus on developing intellectual property and filling an ever-increasing demand for entrepreneurs in the world and, with that, the ability to distinguish economically valuable from intellectually interesting
The meeting adjourned at 12:00 p.m.