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. NM-TAG was created to support that mission and to help offset the risk associated with licensing these technologies. NM-TAG grants can also be used for technologies that improve existing products or processes.
The grant amount will be equal to 75% of the cost of the technology license, up to a maximum of $3,750 (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 cost.
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.