UNM Anderson School of Management Press Release
UNM MANAGEMENT OF TECHNOLOGY GROUP WINS NMSBA PROGRAM AWARD
April 15, 2010
(Albuquerque, NM) University of New Mexico Management of Technology (MOT) graduate students Michael Dunagan, Austin Yost, and Justin Dewey recently received an award at the New Mexico Small Business Assistance (NMSBA) Program’s Innovation Celebration for their contribution to Sustainable Resources, Inc (SRI). Dunagan, Yost and Dewey worked closely with Joe Ortiz, president of SRI, to report on the future potential and commercial viability of establishing a renewable energy business incubator located in Roswell, New Mexico. The celebration was a commemoration of the program’s success in 2009, a year in which a total of 320 companies received valuable assistance. Sustainable Resources, Inc., the focus of the student’s group project, was one of nine outstanding companies featured at the event.
Sustainable Resources, Inc., located in Santa Fe, New Mexico, wanted to develop the former Roswell National Brackish Water Desalination Test Facility, newly named Sun Harvest Proving Grounds, into a business incubator for research, development, and commercialization of applications of water desalination and remediation, irrigation and algae production. The student group conducted a technological assessment and forecast along with an expeditionary marketing analysis for SRI. The team specifically researched biofuels derived from algae and how Mr. Ortiz could take advantage of this emerging industry. SRI President Joe Ortiz attributes his business success to the MOT team’s innovative approach to marketing and business development. Sun Harvest Proving Grounds will now be used as an algae business incubator ready to grow, harvest, extract, and market algae for biofuels.
The team of three MBA students was assembled and led by Dr. Steven Walsh, co-director of the Anderson School of Management’s Management of Technology Program. Dr. Craig White, professor of accounting at UNM, and J.B. Tuttle, recent MOT graduate, provided additional guidance to the team. "We could not have achieved this award without the help of Professor Walsh," remarks Dunagan, "he made us ask the tough questions and kept our team aligned with the goals of Mr. Ortiz." Yost commented, "Our project was very challenging. Having the support from Mr. Ortiz and our advisors from Anderson was crucial to the success of our project. This experience is something that I am extremely proud to have been a part of." Dewey, reflecting on his experience, says, "The SRI project along with the company’s and team’s recognition at the Innovation Celebration is truly the highlight of my time at Anderson and within the Management of Technology Program."
In 2000, the New Mexico Legislature created the Laboratory Partnership with Small Business Tax Credit Act, to bring the technology and expertise of the national laboratories to New Mexico’s small businesses, ultimately promoting economic development. This Act established the New Mexico Small Business Assistance (NMSBA) Program to help small businesses throughout the state by providing technical support from Los Alamos National Laboratory (LANL) and Sandia National Laboratories (SNL). The program delivers a cost-effective means for economic development through business creation, sustainability, expansion and workforce development. Over the last 10 years, the NMSBA Program has assisted 1,775 small businesses with over 2,500 projects.
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