The New Mexico Small Business Assistance program aids businesses in transitioning laboratory technologies to commercial products. It offers services in testing and collaboration through CRADAs. The Tech Readiness Initiative supports the licensing of intellectual property from LANL and Sandia. Businesses must have a New Mexico GRT number to participate, with processes designed for ease of application.
The New Mexico Small Business Assistance (NMSBA) program collaborates with various industries to facilitate the transition of laboratory technologies to commercial enterprises. Its services include testing, evaluating, imaging, and modeling, which can enhance a company’s appeal to potential investors when they cite NMSBA involvement. A notable highlight is the Tech Readiness Initiative which aids in accelerating the process of licensing intellectual property from Los Alamos National Laboratory (LANL) and Sandia National Laboratories into market-ready products.
The TRGR Technology Readiness Initiative bridges the funding and resource gap faced by businesses moving from laboratory research to commercial application. By enabling New Mexico companies to leverage advanced research and technology, TRGR supports the successful adaptation of laboratory innovations into high-quality products and services tailored for the market.
NMSBA also provides support for Cooperative Research and Development Agreements (CRADAs), which foster collaborative research between federal agencies and private entities. Through this partnership, businesses can gain insights into product development, market dynamics, and technological advancements. It is essential for participating companies to possess a New Mexico Gross Receipt Tax (GRT) number.
While NMSBA offers extensive support, it does not construct or enhance prototypes; however, it can create 3-D virtual models and conduct testing. Interested parties may apply at any time, as there are no application deadlines, with the process facilitated online. Each application requires a primary contact and assigns a primary investigator from the laboratory, ensuring a high rate of acceptance.
The New Mexico Small Business Assistance program assists small businesses in transitioning laboratory technologies into commercially viable products. With ongoing collaborations with LANL and Sandia, the program aims to bridge the gap between laboratory research and market applications, thus fostering economic growth in New Mexico. Initiatives like CRADAs and the Tech Readiness Initiative further empower businesses by providing access to resources and knowledge necessary for development.
The New Mexico Small Business Assistance program is an invaluable resource for businesses aiming to commercialize laboratory innovations. By leveraging services such as the Tech Readiness Initiative and CRADAs, companies can overcome funding gaps and navigate the complexities of technology transfer. This support ultimately strengthens New Mexico’s economy by enabling local businesses to thrive in competitive markets.
Original Source: ladailypost.com
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