SANTA FE, N.M. — A Los Alamos-based startup will add 20 jobs as it expands its headquarters and manufacturing plant in the northern New Mexico city, state Economic Development Secretary Matt Geisel announced today.
Ubiquitous Quantum Dots, or UbiQD, is investing $1 million into the expansion, Geisel said in a written statement.
The company last month announced it had received a $350,000 investment from Breakout Labs, a San Francisco-based fund set up by the Thiel Foundation to provide early-stage financing to companies taking new, science-based technologies to market.
The three-year-old startup is using a proprietary process to manufacture quantum dots with technology licensed from Los Alamos National Laboratory and the Massachusetts Institute of Technology.
The additional jobs at UbiQD follows last week’s news that Descartes Labs Inc. of Santa Fe hopes to expand by between 70 and 90 jobs within five years. Descartes, which moved its headquarters from Los Alamos to Santa Fe earlier year, will receive $500,000 in state funding and is seeking $100,000 in local economic development funding.
According to city documents, Descartes Labs is expected to contribute $4.2 million over five years — $2 million for building improvements and $2.2 million in lease payments.
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