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Economic Development

STC's Role

Designation Logo-bigThe economic development function for UNM is organized under the management of STC.UNM, UNM’s technology-transfer organization. This aligns economic development with UNM’s ongoing investment in intellectual property, technology commercialization, and the creation of start-up companies.

STC.UNM has a strong track record of working with the business community to promote opportunities for business development.

STC.UNM is structured as a business non-profit with a governing board of 60% representation from the community and 40% representation from UNM, which fosters a positive interaction between the university and its community.

The UNM Rainforest Forum provides input and guidance to STC.UNM on economic development. The Rainforest Forum’s role as advisor to STC.UNM and the UNM President is critical to the success of UNM’s economic development initiatives.

The UNM Economic Development Council (EDC) serves as a coordinating entity and think tank for the internal UNM community on economic development matters. EDC membership consists of of deans and center directors that are focusing on increasing the economic impact of UNM on the New Mexico.

STC.UNM works closely with inventors, venture capitalists, entrepreneurs, new and established companies, and patent lawyers to bring innovative technologies to market.  STC.UNM is well positioned to support UNM in developing an innovation district that will be the catalyst in New Mexico for an innovation economy – the new paradigm for economic development.

The University of New Mexico has received a 10-year designation as Innovation and Economic Prosperity University from the Association of Public and Land-grant Universities. The designation acknowledges UNM as a leader in working with its state and regional public and private sector partners to support economic development through a variety of activities, including innovation and entrepreneurship, technology transfer, talent and workforce development, and community development.

Economic Development Team

Elizabeth (Lisa) J. Kuuttila is the CEO and Chief Economic Development Officer for STC.UNM. She works with the STC.UNM Board of Directors to develop strategies for implementing STC’s role in New Mexico’s economic development and to be a leader in technology commercialization.

Eri Hoshi is STC’s International University Ventures Manager. Her background includes experience with intellectual property, patents, copyrights and trademarks. She assists UNM’s economic development initiatives and develops strategies for expanding an international partnership. Originally hailing from Tokyo, Japan, Eri received her MPA from UNM in 2011.

Cara Michaliszyn is STC’s University Ventures Manager. She supports STC’s activities related to economic development. Cara has an MBA in Marketing and bachelors degrees in Psychology and Sociology from UNM.

UNM's Economic Development Vision

Under the leadership of the UNM President, UNM is committed to engaging in the economic development of the state. As New Mexico’s tier-one research university, UNM has not only a role, but also a responsibility to engage with civic, community, and business leaders in raising the economic profile of our state.

This is consistent with UNM’s core mission of educating students because of its correlation with student success. Students need academic and work opportunities, while UNM graduates need to have more high-paying jobs as an incentive to stay in New Mexico if they choose.

A commitment to economic development is also consistent with UNM’s mission as a research university with an associated teaching hospital. UNM is not fully capitalizing on technology commercialization that could bring economic benefit to the state and region. Better leveraging of the resources both within UNM and its community will help raise New Mexico’s economic profile.

Research universities with associated medical schools and teaching hospitals are considered “anchor institutions” for building innovation in their regional economies. UNM is committed to building on these assets to support economic development.

UNM is uniquely situated between two national labs and an air force research lab. By creating stronger ties to these national research institutions, UNM can accelerate collaborative research and more effectively leverage technology-transfer opportunities for our state.

A Rainforest in the Desert

The Rainforest concept is a radical new theory about the nature of complex innovation ecosystems and why they are able to generate extraordinary creativity and economic output. Victor Hwang and Greg Horowitt, authors of The Rainforest: The Secret to Building the Next Silicon Valley, use the model of a rainforest because the talent, ideas and capital that produce productive ecosystems in places such as Silicon Valley move freely, are highly diverse, and rapidly connect and collaborate from the bottom up-just like a biological rainforest.

UNM’s economic development objectives signal an intention to foster a Rainforest in the Desert. Designing, building, and sustaining a rainforest culture takes a distinct set of social behaviors. STC.UNM is uniquely positioned to facilitate this process because, in the vernacular of the Rainforest, STC.UNM is a “keystone” species.

In the Rainforest ecosystem, keystones:

    • Create connections to people with ideas, talent, knowledge, and capital by breaking down traditional hierarchies and reaching across social boundaries.
    • Facilitate collaborations between people so they can more effectively work on projects and initiatives together.
    • Serve as filters for high-quality connections, which in turn help them maintain a strong role as a respected hub in the system.
    • Validate and propagate cultural behaviors that are conducive for innovation.

Like keystone species, STC.UNM serves UNM and the community as a bridge, connecting people and organizations across barriers to create larger contiguous systems.

Lobo Rainforest Building

In 2017, the Lobo Rainforest Building became the new home for STC and its programs. It is designed to carry out the Rainforest concept. It is also home to the Cecchi VentureLab, STC’s incubator for startups, the Innovation Academy, UNM’s program for entrepreneurial students, the Air Force Research Lab tech transfer office, Sandia National Labs tech transfer office, and other public and private tenants.

A six-story, mixed-use building, the ground floor includes offices for staff and startups, large and small conference rooms, collaboration areas, classrooms, and event space. Interior and exterior glass walls create light-filled, open spaces. The building houses UNM Innovation Academy students on floors 2-6. Lobo entrepreneurs, inventors, new companies and our community partners are coming together at this new place—ecosystem headquarters for the innovation district taking shape in downtown Albuquerque.

Creativity, scientific discovery, business acumen, and investment capital randomly propagate in this human innovation ecosystem and nurture budding ideas so they can grow into flourishing and sustainable enterprises. The next generation of homegrown entrepreneurs and innovators are in the making at the Lobo Rainforest Building. The Lobo Rainforest Building is the first structure to be completed at the core site for the Innovate ABQ innovation district. It is a public/private vision to spur economic growth in New Mexico.