The R1 and R2 universities in New Mexico spent $442M on research and development in fiscal year 2023. University of New Mexico-Main Campus leads with $316M.
| US rank | University | State | Tier | R&D | |
|---|---|---|---|---|---|
| 99 | University of New Mexico-Main Campus Med | NM | R1 | $316M | |
| 166 | New Mexico State University-Main Campus | NM | R1 | $126M |