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NMT, New Mexico Gas Co. Announce Emera Award

NMT, New Mexico Gas Co. Announce Emera Award

NMT to expand opportunities to grow technologies for New Mexico economic development

Tuesday, December 19, 2017

ALBUQUERQUE, N.M. – The New Mexico Institute of Mining and Technology (New Mexico Tech) and the New Mexico Gas Company held a check presentation and press conference to formally present $100,000 economic development grant to New Mexico Tech's Center for Technology Commercialization.

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Representatives of New Mexico Tech, New Mexico Gas Company, and Emera Corp. held a press conference to officially present a check for $100,000 to the university on Tuesday in Albuquerque.  From left are Tom Domme, V.P. of External Affairs; Deborah Peacock, NMT Board Chairwoman; Dr. Peter Anselmo, director of the NMT Center for Technology Commercialization; NMT President Dr. Stephen Wells; Tommy Sanders, V.P. for Customer and Support Services; Scott Hastings, V.P. for Finance; and Mary Homan, Economic Development and Community Affairs Manager. 

 

New Mexico Tech plans to use the grant to expand student, faculty and staff opportunities for developing innovative technologies that contribute to economic development in New Mexico.

New Mexico Gas Company Vice President for External Affairs Tom Domme presented the check to New Mexico Tech President Stephen Wells.

“Since I arrived at New Mexico Tech, I have seen a budding entrepreneurial spirit on our campus and growing this spirit has been one of my top priorities,” Wells said. “It is through this type of commitment you have provided today that will not only allow New Mexico Tech to excel, but allow us to leverage our success for the people of our New Mexico through enhanced economic development.”

Wells said New Mexico Tech is a significant generator of intellectual property, from academic faculty and research scientists to our students. This grant recognizes the efforts of New Mexico Tech’s faculty, staff and students and supports the realization of taking their ideas from the classroom to the open market, he said.

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NMT President Dr. Stephen Wells chats with representatives of NMT and N.M. Gas Company after Tuesday's press conference.

 

“We often hear of the need to strengthen our state’s economy and generate jobs for our graduates,” Wells said. “This is exactly the type of investment that helps us realize such goals.”

New Mexico Tech’s new Center for Technology Commercialization will utilize these resources to help get internally developed intellectual property to the seed-funding stage, the stage at which new companies often are formed. The grant will also allow the Center to create an ‘innovation pipeline’ that connects our faculty, staff and students to the ever-evolving New Mexico startup ecosystem.

In addition, this grant will allow New Mexico Tech to work with students and faculty through seminars and workshops to create new technology-product innovations where intellectual property can be protected.

“We’ll continue to work with on-campus researchers to develop marketable IP, in many cases in partnership with student research teams,” Wells said. “We’ll continue to work with entities in Albuquerque, Las Cruces, and Farmington so that New Mexico Tech’s intellectual property can be the basis for new companies and building a ‘new’ New Mexico economy.”

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Dr. Wells announces the New Mexico Gas Company grant.

 

New Mexico Tech is one of 28 innovation and economic development organizations throughout New Mexico that will share more than $1 million after New Mexico Gas Company awarded the second year of contributions from a $5 million fund created by its new owner, Emera Inc.

Wells said, “It’s my hope that this is the beginning of a long-term, mutually-beneficial partnership that will be instrumental in allowing Tech’s best and brightest to flourish while growing New Mexico’s economic infrastructure in the process.”