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Campus News
Your faculty and staff news since 1965
Current Issue: July 28, 2003
Volume 38, Number 24

Entrepreneurship focus of new Kauffman grant
Up to $5 million to be awarded to institutions

UNM is among 15 universities selected by the Marion Ewing Kauffman Foundation of Kansas City, Mo., to participate in the Foundation’s Kauffman Campuses Initiative, a new program aimed at making entrepreneurship education accessible campus-wide.

UNM Provost Brian Foster and Professor Andres C. Salazar, Anderson Schools of Management and the School of Engineering, led the team in developing the UNM planning grant. Representatives from other UNM schools and colleges will join Foster and Salazar in formulating the final proposal.

UNM received an immediate $50,000 planning grant to develop a comprehensive plan to make entrepreneurship training available to UNM students, faculty and researchers. Regardless of the degree the student seeks, courses from the entrepreneurial program could be taken for credit and the content would help prepare the student for starting a New Mexico business.

The planning grant was made based on an initial letter of interest by UNM President F. Chris Garcia with an outline of the program UNM would set up if the grant were awarded. UNM will present the full proposal at a December meeting. The proposal will be judged on innovative methods used to provide entrepreneurship training to every student and the way that training is applied. Other factors that will be judged in the plan are: the potential of the program to serve as a model for other universities, its sustainability, and the ability of the university to solicit multiple matching funds for the program from its supporters.

UNM will join the other 14 universities in presenting a plan to the Kauffman Foundation at the December meeting in Kansas City. Five to seven institutions will be selected to receive challenge grants of up to $5 million each for setting up the program.

“It is in line with our interest in elevating UNM’s involvement in regional economic development. I congratulate the team that put the initial planning grant together,” Garcia said.

The Kauffman Foundation of Kansas City is committed to advancing entrepreneurship in America and improving the education of youth.