A large grant from the U.S. Economic Development Administration could help a New Mexico university spur more opportunities in entrepreneurship.
The Economic Development Administration awarded New Mexico State University’s Arrowhead Center with a $1.2 million grant. The grant is part of the U.S. Economic Development Administration’s Build to Scale program. The build-to-scale program will support a new initiative proposed by the Arrowhead Center called Scale Up New Mexico, according to a news release from NMSU.
The Arrowhead Center at New Mexico State University will expand its existing suite of early-stage entrepreneur support services and integrate a program within Sandia National Laboratories (SNL) designed to address barriers to commercialization. Programming will be population-focused (i.e., women, rural, and Tribal communities) and targeted to support ideation and technology development. Scale Up NM will expand existing Arrowhead initiatives (Sprint business accelerators, SBIR/STTR assistance, and commercialization support) and bring strong partnerships to leverage existing resources and capitalize on increased participation among collaborators. Ultimately, Scale Up New Mexico will serve all of New Mexico by providing economic development with programming that’s flexible and adaptive to communities needs.
