FSU's announcement is the latest in trend of public-private partnerships at universities
In these lean budgetary times, with public funding continually being hacked away, universities are turning more and more toward partnerships with private companies for a boost.
Florida State University is the most recent to pursue such an endeavor with a partnership with Cytec Industries Inc. The Arizona company, which provides advanced materials to aerospace, industrial and automotive markets, will work with FSU's High-Performance Materials Institute.
The school announced a first step in that partnership today with the establishment of the $212,000 Cytec Engineered Materials Doctoral Fellowship for Advanced Composite Studies, according to an FSU news release.
FSU hopes the collaboration will serve as a model for future private-public partnerships across the university. Those deals "provide new funding sources needed by the university to carry out its educational and research missions while also enhancing the technological and fiscal competitiveness of the companies," FSU said. They also provide companies with new research opportunities.