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New grant program to help tech transfer launched

June 13, 2019

The New Mexico Economic Development Department is launching a new grant program to facilitate the transfer and commercialization of technologies developed in New Mexico national labs and universities to business startups. The New Mexico Technology Transfer Assistance Grants (NM-TAG) are designed to help offset the risk associated with licensing new technologies and assist the transfer and deployment of new innovative technologies.

The grant amount, which covers 75 percent of the cost of the technology license (maximum amount of $3,750), goes to the institution providing the technology. Applicants must be a New Mexico-based company. Applications will be accepted on rolling basis beginning July 1, 2019.

New Mexicogrants, tech transfer