New Mexico Lab Embedded Entrepreneur Program (NM LEEP)

CONTEXT:

The state of New Mexico in the United States is home to three federal research and development (R&D) laboratories, yet it ranks extremely low nationally in categories including population growth, job opportunities, and support for startup and growth businesses.

The New Mexico Lab Embedded Entrepreneur Program, or NM LEEP, is an initiative to bridge the wide gap between technology-innovation capacity and high-tech business growth within the state.

SUPPORT MECHANISM:

NM LEEP offers a contemporary model to bridge the technology excellence of the NM labs with external innovators and experienced mentors who are focused on building a new generation of companies. 

Innovators selected for NM LEEP will be embedded in the research ecosystems around Los Alamos and Sandia national labs for two years of immersive training, intensive technology development, and product refinement. They will have unique access to experts, tools, networks, and facilities to accelerate their technology and product development. Experienced trainers and mentors will be paired with the innovators to assist with a comprehensive go-to-market plan and a pathway to raise the capital necessary to scale their companies.

IMPLEMENTING AGENCIES:

Los Alamos Commerce and Development Corporation, in partnership with Los Alamos National Laboratory, Sandia National Laboratories with Central New Mexico Community College.

ELIGIBILITY:

The program will recruit and launch five innovators to build and scale national security-focused solutions in New Mexico that serve the evolving technology-product needs of the private and public sectors.

Timeline:

September 2020: The Economic Development Administration (EDA) selected the program for grant funding under its Build-to-Scale Venture Challenge. The EDA grant of $600,000 matched the locally pooled $903,265. 

KEY ADVISOR(S) OR LEADER(S):

Patrick Sullivan, Executive Director, Los Alamos Commerce and Development Corporation

CURATED BY

Global Entrepreneurship Network
United States
Global Entrepreneurship Network
United States
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