UNM's Science and Technology Corporation: The Impact of Start-up Companies

The Science and Technology Corporation (STC) asked the Bureau of Business and Economic Research (BBER) to conduct a study of the economic impact of start-up companies using STC technologies on the economy of New Mexico. BBER conducted a similar analysis in 2004 and is available on the STC website (http://stc.unm.edu/about/metrics.php). This analysis updates the 2004 study and emphasizes the impact of high-tech start-up companies that have had a relationship with STC from 2004 to the present. Of the 16 companies included in the survey, 12 are headquartered in New Mexico. Nevertheless, all companies conduct operations within New Mexico. Table 1 shows the relevant companies along with start-up date and a short company description (Authors: Michael O'Donnell)