New Mexico Tech is earning recognition as a gem in the desert for marketable, cutting-edge innovation.
The university is already well-known for producing the now-famous “nicotine patch,” an invention created by New Mexico Tech researcher Frank Etscorn that earned tens of millions after the college commercialized it in the 1980s. But now, after five years of concerted efforts to build robust technology-transfer and entrepreneurship programs on campus, investors, entrepreneurs and commercialization professionals from both East and West coasts are taking a hard, fresh look at what New Mexico Tech has to offer.
“We have about 20 technologies at different stages in the pipeline now,” said Peter Anselmo, executive director of the university’s Office of Innovation and Commercialization. “Nearly half of them are at the end stages in negotiations with investment and marketing firms on both coasts.”
While the college is best-known for its work in mining and petroleum, its marketable breakthroughs include everything from novel biotechnology to fight antibiotic-resistant bacteria to innovations in cybersecurity and big data analysis.