The Office of Science and Technology (OST) was created to connect New Mexico’s innovation infrastructure to the commercial market. The OST strives to lead and execute programs that encourage and enable the start-up, growth and relocation of technology based industries in and to New Mexico by focusing on growing and diversifying existing technology companies, rapidly commercializing technologies, and promoting research and development in emerging technologies.
New Mexico’s technology focus areas are water, energy, bioscience, and photonics. Home to three national research laboratories, three research universities, multiple business incubators with technology expertise, a business and research and development friendly tax climate, and multiple funds dedicated to investment in science and technology companies--New Mexico is a rich environment to grow any science and technology business.
The Office of Science and Technology is staffed with one full-time employee and is focused on the following activities.
- The Defense Industry Diversification Program: A program to assist communities, businesses, and workers that may be affected by volatility in Department of Defense spending. This program is available to New Mexico’s federal contractors and the economic and workforce development assets that serve them.
- Facilitating the operations of the Technology Research Collaborative. The Purpose of the TRC, as legislated in House Bill 562, is to 1) establish advanced technology centers based on the wealth of scientific and technical talent that exists in the member institutions; 2) develop and create new intellectual property for the state, encourage new opportunities for business and increase jobs; 3) commercialize the intellectual property that is created; and 4) create a workforce to support enterprises based on the intellectual property that is created.
- Launching the Innovate! New Mexico Initiative, New Mexico’s Science and Technology Plan. The full plan can be found here.
- Working with the New Mexico Catalyst Fund. A $20 million fund-of-funds investment vehicle managed by Sun Mountain Capital. The Catalyst Fund will invest in venture capital funds in New Mexico. These funds in turn will focus on making seed and early stage venture capital investments in science and technology focused start-up companies. More information can be requested from CatalystNM@sunmountaincapital.com.
Contact Julia Wise, Manager, JuliaL.Wise@state.nm.us or 505.827.0222