Bureau of Business and Economic Research

Document Type

Technical Report

Publication Date

1-1-2011

Sponsorship

Science and Technology Corporation

Publisher

University of New Mexico, Bureau of Business and Economic Research

Abstract

The UNM Science and Technology Corporation (STC) asked the Bureau of Business and Economic Research (BBER) to conduct a study of the economic impact on the economy of New Mexico of start-up companies using STC technologies; BBER conducted a similar analysis in 2004. 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. STC is a nonprofit corporation formed for the purposes of protecting, commercializing, and transferring faculty inventions and university patents. At the time of this study, the STC was actively servicing 16 start-up companies. These companies had attracted over $12.4 million in venture capital money to the state since 2004; had sales of $7.0 million in 2009; paid $5.8 million in salary and benefits in 2009; employed 88 full-time, part-time, and contract employees with average compensation of $66,225. Nearly all of STC's technologies awaiting licensing are in industries with above average compensation, making STC a driver for good jobs for New Mexicans and an effective conduit not only for UNM research but also UNM graduates who want to enter high-tech fields.

Comments

See also the 2004 BBER report on STC by Norton Francis.

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