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Your faculty and staff news since 1965
December 13, 2004
Volume 40, Number 5

UNM STC shows economic promise for state

UNM’s Science & Technology Corporation shows promise to be the economic engine for the state that regents envisioned when they founded it in 1995 as a private, non-profit corporation to license and commercialize technology developed by researchers at the university.

“STC is the springboard our faculty and student researchers need to commercialize new ideas,” said UNM President Louis Caldera. “They put the intellectual property of our researchers into the hands of entrepreneurs.”

A review of the STC technology commercialization program conducted by the UNM Bureau of Business and Economic Research shows that STC played a significant role in the development of 12 start-up companies in the physical and life sciences field.

Chairman of the Board Josepth Cecchi says, “An important part of STC’s mission is to support UNM’s inventive culture to benefit the state of New Mexico. This review clearly demonstrates the significant impact that STC has had on economic development in the region.”

The direct impact of STC to the New Mexico economy over the past decade is $21 million, and the employment of 73 people with an average salary of $80,000. Of the 12 start-up companies, eight remain in the state. They are: MesoSystems Technology Inc., Global Haptics, Inc., Zia Laser, Inc.,Concise-Logic Inc., Qynergy Corporation, CoMeT Solutions, Exagen Diagnostics Inc., and AVANCA Medical Devices.

The full report is available online at http://www.unm.edu/~bber/pubs/pubs-sip3.htm.