The University of New Mexico (UNM) is among the best in the nation for technology transfer, according to The Milken Institute.
The Institute’s Center for Jobs and Human Capital issued its April 2017 report, “Concept to Commercialization: The Best Universities for Technology Transfer”. In it, 225 U.S. universities and research institutions are ranked according to their technology transfer and commercialization success and best practices. UNM is listed as 28 —up from its position as 93 in the Institute’s original 2005 report.
The University Technology Transfer and Commercialization Index (Index) is based on data collected by the Association of University Technology Managers (AUTM) via the AUTM’s Annual Licensing Activity Survey. Four-year averages (2012-15) for four key indicators of technology transfer success are included in the Index: patents issued, licenses issued, licensing income, and start-ups formed. The factors are normalized based on a four-year average of research dollars received by each university.
UNM is New Mexico’s largest post-secondary institution in total enrollment across all campuses, and one of the state's largest employers. The Milken Institute report notes:
“Research universities are one of the strongest assets America can use to compete in the age of innovation. Federal and other sources of public funding for university research should be viewed as an investment with a high rate of return. Research funding should be a top priority for enhancing American economic growth.”
In its exploration of best practices among the top performers, the report states “The dissemination of university-developed intellectual property (IP) occurs through a variety of complex channels. Most major U.S. research universities support a Technology Transfer Office (TTO) that actively seeks, registers, and patents IP, and manages the commercialization of their discoveries.”
As the technology transfer and economic development organization for UNM, STC.UNM protects and commercializes technologies developed at UNM by filing patents and copyrights and transferring the technologies to the marketplace.
UNM’s Center for High Technology Materials (CHTM) plays a vital role in UNM's research innovation. So far, 193 U.S. Patents have been awarded to CHTM faculty. CHTM patents account for approximately 35% of STC.UNM’s entire portfolio of U.S. patents (including patents awarded to the UNM Health Sciences Center). 38% of CHTM faculty patents have been licensed for commercialization.
About the Milken Institute
The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health; through independent, data-driven research, action-oriented meetings and meaningful policy initiatives.