ALBUQUERQUE, N.M. — The University of New Mexico’s technology transfer office reported another solid year of growth for fiscal year 2017, which ended June 30.
The number of startups formed with UNM technology remains at a record high for the second year in a row, with 12 new businesses launched. Licensing agreements for companies to take UNM inventions to market, and patents issued by the federal government, are also both up compared with FY 2016, as are invention disclosures by university faculty and staff.
Still, the Science and Technology Corp., UNM’s tech-transfer office, faces significant challenges in retaining more startups marketing university technologies in New Mexico. Of the 12 companies formed last year, eight went out of state, said STC President and CEO Lisa Kuuttila.