Funds worth 1,277,764,611.54 RON (about 284 million euros) were allocated to universities through the Sectoral Operational Program Increase of Economic Competitiveness (POSCCE). Three of the ARUT universities are placed at the top of higher education institutions when it comes attracting funds in the Annual Report of the Romanian Academic Society (SAR): Polytechnic University of Bucharest, Polytechnic University Timisoara and Gh. Asachi Technical University of Iasi.