Tech transfer and commercialization efforts at the University of New Mexico's Rainforest Innovations spun out six startups that use university technologies, according to a recent report.
The Rainforest Innovations is a nonprofit owned by the UNM Board of Regents that aims to foster economic development and transfer tech developed at UNM to the market. Of the six companies spun out between July 1, 2020, and June 30 of this year, one is local, according to the Rainforest Innovations report.
Here are the six startups spun out with UNM tech during the 12-month period, according to Rainforest Innovations:
- Nob Hill Therapeutics / VIC Foundry Inc. (New Mexico) — Non-opioid therapeutics for pain management
- Advanced Concepts in Biology LLC — developing cancer therapeutics
- Troy Sensor Company (New York) — Innovative sensor technology company
- Flagship Labs 72 Inc. (Massachusetts) — VLP-based vaccines
- Nanoplasmonics LLC (Colorado) — Rapid, culture-free diagnostics for infectious disease
- An unnamed company in Canada developing silicon carbide materials
Comparatively, the number of U.S. patents issued standing at 54 (dozens more were filed but not issued). And total income for Rainforest Innovations hit $55.1 million, the report said.
UNM Rainforest Innovations is part of the Lobo Rainforest building, which serves as part of Innovate ABQ, a multi-phase propose development spanning seven acres in downtown Albuquerque to support job and business creation.
The project was kickstarted with a proposal back in 2013 from UNM and what was then called STC.UNM. Previously, it was being led by the Innovate ABQ nonprofit before being taken over by UNM regents following a vote in July 2020, the Albuquerque Journal reported.
