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New law paves way for labs’ technology to reach marketplace

 

Scientist Murat Okandan, chief technology officer and founder of mPower Technology, shows a prototype of Dragon SCALEs, a licensed technology from Sandia National Laboratories. The Technology Readiness Gross Receipts Tax Credit enables Sandia and Los Alamos national laboratories to help companies that want to commercialize labs technologies.
RANDY MONTOYA/SANDIA NATIONAL LABORATORIES

A new state law may pave the way for more technology being developed at New Mexico’s national laboratories to make their way to the commercial market.

It could also pave the way for more companies licensing technology from Sandia National Laboratories and Los Alamos National Laboratory, according to Jackie Kerby Moore, manager of technology and economic development at Sandia.

“We hope it will draw more companies to the labs,” Kerby Moore said. “We’re excited about the opportunities for job creation.”

The new law created the Technology Gross Receipts Tax Credit three-year pilot program, which Kerby Moore said helps “a technical maturation gap.”

Companies that obtain a license through Sandia of Los Alamos or have a cooperative research and development agreement with the institutions will be able to apply for $150,000 in technical assistance per year.

“It would allow them to seek assistance with the procurement of their technology,” she said. “It would allow us to assist them in prototyping, proof of concept, technical validation and testing of the technology.”

Kerby Moore said companies would have access to the labs’ facilities and equipment and assistance for field demonstrations.

“It would allow the companies to have access to the inventor, who would do more tests before they make their product available to their customers,” Kerby Moore said.

Companies that could benefit from the program include those developing solar cell technology products or aerospace technology.

“We plan to help companies develop their products to a point where a customer will buy, or an investor will invest,” Kerby Moore said..

Both laboratories will be able to claim tax credits against their gross receipts tax liabilities for their work with businesses. Each lab can claim up to $500,000 the first year, $750,000 the second year, and $1 million the third year. In total, the labs will be able to provide up to $4.5 million in time, technical assistance and resources over three years.

The new program will go into effect July 1. It is modeled after the New Mexico Small Business Assistance Program, which paired the labs with small businesses in New Mexico. The new program offers a higher financial amount for technical assistance, according to the labs.

 


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