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New Mexico Establishes Statewide Research Collaborative

June 06, 2003

With a combined annual research budget totaling $4.8 billion, New Mexico's 12 largest research facilities signed a Memorandum of Agreement on May 30 to help turn intellectual property into jobs for New Mexicans. Members of the newly formed New Mexico Technology Research Corridor (TRC) include:

Research commissioned by Technology Ventures Corporation (TVC) identified four opportunity clusters that are a product of the blended core competencies of the 12 research institutions. In addition to securing patents and getting joint technology commercialized, TVC will also help the TRC institutions to collectively submit requests for new funding for cooperative research.

The nonprofit TVC, founded in 1993 by Lockheed Martin, helps entrepreneurs develop businesses around technologies and obtain funding from across the country for New Mexico business formations.

New Mexico