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A bureau within the U.S. Department of Commerce
OIE Background

Office of Innovation and
Entrepreneurship (OIE)

New Mexico State University


Las Cruces, NM

Project Name

Arrowhead Innovation Fund


Seed Fund Support

Award Amount

Federal Share

Non-Federal Share



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.