The University of New Mexico (UNM) Company Profile

Background

Founded in 1889, the University of New Mexico (UNM) is a public research university located in Albuquerque, New Mexico. As the state's flagship institution, UNM offers a comprehensive range of academic programs across twelve colleges and schools, including the only medical and law schools in New Mexico. The university's mission is to serve as a center for education, research, and community service, fostering innovation and economic development within the state. UNM's main campus spans approximately 800 acres in central Albuquerque, with additional branch campuses in Gallup, Los Alamos, Rio Rancho, Taos, and Los Lunas.

Key Strategic Focus

UNM's strategic objectives encompass enhancing educational excellence, advancing research initiatives, and promoting community engagement. The university specializes in fields such as medicine, law, engineering, and fine arts, leveraging key technologies and methodologies to drive innovation. UNM targets a diverse student population, including a significant percentage of Hispanic and Native American students, reflecting its commitment to inclusivity and serving the broader New Mexico community.

Financials and Funding

In the fiscal year 2023, UNM reported revenues of approximately $2.3 billion. The university's financial structure includes funding from state appropriations, tuition and fees, research grants, and private donations. The UNM Foundation, a 501(c)(3) organization, plays a pivotal role in managing private contributions, reporting revenues of $68.1 million and net assets of $324.1 million in 2023.

Pipeline Development

UNM is actively involved in research and development across various disciplines. The university's technology transfer and economic development organization, UNM Rainforest Innovations, has facilitated the creation of numerous startups, particularly in the bioscience sector. Between 2014 and 2023, the number of New Mexico-based startups affiliated with Rainforest Innovations increased by 113%, growing from 23 to 49. In 2022, these startups employed approximately 274 New Mexicans and generated $39.1 million in total output.

Technological Platform and Innovation

UNM distinguishes itself through several proprietary technologies and innovative methodologies:

Research Centers: The university hosts specialized research units, including the Center for Advanced Research Computing, the New Mexico Engineering Research Institute, and the Center for High Technology Materials, fostering interdisciplinary collaboration and technological advancement.

Technology Transfer: UNM Rainforest Innovations supports the commercialization of university-developed technologies, preparing necessary documentation, identifying potential customers, and facilitating licensing agreements. In 2022, the organization entered into 47 option or licensing agreements.

Leadership Team

UNM's leadership comprises experienced professionals dedicated to advancing the university's mission:

Garnett S. Stokes: Serving as President, Dr. Stokes has been instrumental in steering UNM's strategic initiatives and fostering academic excellence.

Douglas Ziedonis: As Executive Vice President for Health Sciences and CEO of the UNM Health System, Dr. Ziedonis oversees the university's health-related programs and services.

Arthur Kaufman: Holding the position of Vice President for Community Health, Dr. Kaufman focuses on enhancing UNM's engagement with the community to improve public health outcomes.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within UNM's leadership team.

Competitor Profile

Market Insights and Dynamics

UNM operates within the higher education sector, contributing significantly to New Mexico's economy. In the academic year 2022, the university's operations, student expenditures, alumni human capital, and technology transfer activities accounted for 47,053 jobs, $1.9 billion in labor income, and $5.2 billion in economic output.

Competitor Analysis

UNM's primary competitors include other public research universities in the region, such as the University of Colorado, the University of Utah, and the University of Kansas. These institutions offer similar academic programs and research opportunities, competing for students, faculty, and research funding.

Strategic Collaborations and Partnerships

UNM has established significant collaborations to enhance its research capabilities and community impact:

UNM Rainforest Innovations: This organization fosters innovation and economic development by commercializing university research and supporting startup activities.

Health Sciences Center: UNM's Health Sciences Center collaborates with various healthcare institutions to provide comprehensive medical education and services, including operating New Mexico's only Level I trauma center and the state's only children's hospital.

Operational Insights

UNM's strategic considerations include:

Economic Impact: The university's operations significantly contribute to the state's economy, with a reported $5.2 billion economic impact in the academic year 2022.

Diverse Student Body: UNM's commitment to inclusivity is reflected in its diverse student population, with nearly half of its students being Hispanic, aligning with its designation as a Hispanic-Serving Institution.

Strategic Opportunities and Future Directions

UNM's strategic roadmap focuses on:

Research Expansion: Enhancing research initiatives, particularly in critical areas, to drive innovation and address emerging challenges in the academic and local community.