A new fellowship at Los Alamos National Laboratory offers entrepreneurs and startups hundreds of thousands of dollars and the chance to relocate to northern New Mexico.
Companies working to solve national security challenges using advanced materials, advanced computing, artificial intelligence, biotechnology and space tech are welcome to apply for the two-year fellowship. The fellowship offers participants a yearly stipend of up to $100,000 in addition to health insurance and a travel allowance. Each project also receives $100,000 worth of technology-advancement support per year in collaboration with LANL and its network, according to a Wednesday release from LANL.
The fellowship is part of the New Mexico Lab-Embedded Entrepreneurship Program, which is operated by the Los Alamos Commerce and Development Corp., the release says. Other LEEP programs have taken place across the country at other national laboratories, but this one is unique due to its focus on national security-related applications and products, according to LANL.
“NM LEEP presents a unique opportunity for Los Alamos National Laboratory and our community to support deep-tech innovators and entrepreneurs,” said Thom Mason, director of LANL, in a statement. The deadline to apply is May 21.
The program could boost Los Alamos's startup scene if it were to cause participating companies to relocate and remain there. Several tech companies found their footing in Los Alamos, including UbiQD Inc., an advanced materials company that offers a product it says helps plants use sunlight more effectively, and biotechnology company Pebble Labs Inc.
LANL has grown into a significant economic driver for northern New Mexico, although some have voiced concern regarding its growth. In March, LANL announced it planned to relocate 500 workers to Santa Fe, and expected to add 1,200 new employees in fiscal 2021, Business First reported.
The lab's mission includes developing and applying science and technology to ensure the safety and reliability of the country's nuclear deterrent, and it employs roughly 13,100 people. More than 9,300 work for Triad National Security, its website says. Triad operates LANL, according to the Department of Energy.
