STC.UNM: The Impact of Start-up Companies on the New Mexico Economy

STC.UNM (STC) is the technology transfer and economic development organization of the University of New Mexico. STC, a nonprofit corporation formed to protect and commercialize faculty inventions, asked the Bureau of Business and Economic Research (BBER) to conduct a study of the economic impact on New Mexico of start-up companies using STC technologies. BBER conducted similar analyses in 2011 and 2004. BBER found that in 2013, these start-up companies attracted $17.5 million in venture capital money to the state; had sales of $3.6 million; paid over $5.9 million in salary and benefits to 83 employees, with an average compensation of $71,065, well above the state average. Brief descriptions of and Internet addresses for the 26 companies surveyed are listed in an appendix