sumitomo

Purdue University is seeing more research funding from its corporate partners, a trend that has officials hoping they can be less reliant on public funding.

Purdue gets about a quarter of its research funding from the private sector. An average of 500 companies chip in every year.

But the school’s corporate and global partnerships officer, Dan Hirleman, says the funds those companies contribute have increased from $37 million in 2013 to as much as $55 million the past few years.