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State announces innovation, technology transfer grants
Nora Meyers Sackett, center, director of the State of New Mexico Economic Development’s Office of Strategy, Science and Technology, listens as people speak in support of a bill in the Legislature.
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Four Albuquerque companies are among the seven businesses that will receive matching grants for innovation research and technology transfer programs.
The New Mexico Economic Development Department announced Tuesday the round of funding. The companies will receive between $25,000 and $100,000 matching grants through the state's Office of Strategy, Science and Technology.
“By investing in our technology startups, the Economic Development Department is nurturing the next generation of innovation — these companies are diversifying the economy and helping to build the highly paid, skilled economy of tomorrow,” Acting EDD Cabinet Secretary Mark Roper said in a statement.
The following companies will receive the grants:
•Integrated Deposition Solutions, of Albuquerque, will receive $25,000. The company is a supplier of aerosol printing technology. The company developed technology from original patents licensed to Sandia National Laboratories.
•NeurInsight LLC, of Albuquerque, is a biotechnology company that works in the field of human brain imaging. The company received a $25,000 grant.
•Palladias, of Los Alamos, will receive $25,000 to continue developing chemicals tailored for the extraction of rare earth minerals during mining processes
•TS Nano, of Albuquerque, develops, manufactures and applies sealants to address methane leakage from operating abandoned and orphaned oil and gas wells. The company will receive a $25,000 grant.
•Southwest Sciences, of Santa Fe, is leading research in trace gas detection using tunable diode laser. The $50,000 grant will help commercialize technology.
•VisionQuest Biomedical, of Albuquerque, will receive a $50,000 grant to commercialize artificial-intelligence-based diagnostic devices to enable the early treatment of diabetes.
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•Molten Salt Solutions, of Santa Fe, will receive $100,000 to produce material that will be needed for fission and fusion nuclear power.
“State support for these science and technology companies speaks to New Mexico’s commitment to the target industries that Gov. Michelle Lujan Grisham is focused on, including biosciences, sustainable energy and climate tech and aerospace,” Office of Strategy, Science and Technology Director Nora Meyers Sackett said in a statement. “These matching grants will support the growth of New Mexico’s science and technology sectors while bringing innovations to market.”
