New Mexico State University
|
Location |
Las Cruces, NM |
|
|---|---|---|
|
Project Name |
Arrowhead Innovation Fund |
|
|
Program |
Seed Fund Support |
|
|
Award Amount |
Federal Share |
Non-Federal Share |
|
$300,000.00 |
$300,000.00 |
AIF funds will invest in companies representing established and emerging regional innovation clusters that build on the strengths and assets of New Mexico and NMSU, including bioscience, the energy-water-agriculture nexus, health technology, and digital media. AIF will operate and recruit final investors for an existing fund, found and launch a new fund, and strengthen regional innovation clusters. In eight years, NMSU expects to have invested $5.25m in 48 companies and to have supported the creation of nearly 1000 jobs.