Two universities in New Mexico received grants that will help educate young entrepreneurs in technology and innovation.
New Mexico State University and the University of New Mexico's Taos campus were selected by the U.S. Economic Development Administration as two recipients of its 'Build to Scale' grants. NMSU will receive $1.2 million, and UNM-Taos will receive $700,944.
NMSU's grant will help expand entrepreneur support opportunities through the university's Arrowhead Center as part of an initiative called Scale Up New Mexico, according to details about the grant from the EDA. NMSU's Arrowhead Center has previously supported efforts to promote startup activity and spur technological innovation.
UNM-Taos' grant will go toward the university's new HIVE Pollinator program. The aim is to promote technology entrepreneurship among historically underrepresented members of the tech community, according to the EDA.
The two universities are among 51 institutions across the country that received grants as part of the EDA's $47 million package. The grants are aimed at accelerating "technology entrepreneurship by increasing inclusive access to entrepreneurial support and startup capital," according to a release from the EDA.
Last month, NMSU's Physical Science Lab got a $400,000 grant from the Federal Aviation Administration and UNM-Taos received a $190,000 grant from the U.S. Department of Health and Human Services.
