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Ohio universities expecting decreased research funding in the wake of the automatic federal budget cuts that took place this month are trying to prepare for those cuts and find alternatives to replace the money.
Thousands of scientists at universities across Ohio face the threat to their research funding, and that has prompted university officials to search for new investors.
University of Cincinnati research funding dropped from $443 million in 2010 to $404 million last year as a result, and the automatic federal spending cuts could eliminate an additional $17 million over the next few years.
Ohio State reported $934 million in research spending in 2012, a $102 million increase over 2011.