STORRS, Conn. (AP) — The new president of the University of Connecticut has begun implementing a plan he says will help the school double its research spending in the next decade.
Thomas Katsouleas began his tenure on Aug. 1 and spoke Wednesday at his first Board of Trustees meeting.
He says he wants to grow the school’s research money from about $265 million to more than $500 million within a decade.
As a first step, the board on Wednesday established a special committee to oversee research, entrepreneurship and innovation at the school.
The committee’s goals will include accelerating funding for research projects and overseeing their transition into marketable businesses and products.
Katsouleas says the biggest obstacle to spending on research is UConn’s unfunded pension liability, which is estimated at $52 million this fiscal year.