The mission of the Technology Research Collaborative and the Office of Science & Technology is to facilitate the commercialization of research & technologies born in New Mexico, and to help those new companies reach their potential. New Mexico Technology Transfer Assistance Grants (NM-TAG) was created to support that mission and to help offset the risk associated with licensing these technologies. NM-TAG are competitive grants designed to enable small companies the option to license technologies from a qualified college/university or federal laboratory to develop new technologies or improve existing products or processes.
This program provides small amounts of funding equal to 75% of the cost of the technology license, up to a maximum of $3,750 to offset the costs associated with transferring a technology from a qualified public or private enterprise, laboratory, college or university to an enterprise based in New Mexico (75% of $5,000). The grant goes directly to the entity transferring the technology, and the company receiving the technology pays the final 25% of the license cost. NM-TAG grants will be used to improve existing products or processes and encourage New Mexico companies to further develop and commercialize their products.
Up to ten grants will be awarded during the 2020 fiscal year (July 1, 2019 – June 30, 2020).
Applicants will be evaluated based on the technical and commercial feasibility of the project, as well as market-pull and other potential factors of success.
Evaluation criteria will evaluate the company’s identification of the customer, market need, and the technical and commercial feasibility of the project. The project will have a timeline of no more than 6 months.
Applicants may receive assistance for one technology transfer project per year.
Incomplete or incorrectly completed applications will not be considered.
Awardees are required to complete a short report on their accomplishments three months and six months after receiving the award. At this point the grant is considered complete. Awardees will be asked for an annual update as well. Failure to satisfy either reporting requirement will result in the company being ineligible for future Technology Transfer Assistance Grants.