capitol reports

Capitol Report 2/9/2022 – Technology Readiness Gross Receipts Inititiave Spurs Innovation

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Legislation aimed at creating more startups, capital and technology jobs is making its way to the finish line. 

Jason Espinoza reports from the Roundhouse:

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Representative Christine Chandler and Representative Jason Harper have introduced legislation to extend the Technology Readiness Gross Receipts Initiative through 2032.

The initiative provides New Mexico businesses the opportunity to work directly with scientists and engineers at Los Alamos or Sandia National Laboratories to advance technologies licensed from or developed in a research partnership with the national labs to a place where it can be market ready.

Currently, there are 11 New Mexico companies accessing technical assistance from Los Alamos and Sandia national laboratories, which has accelerated technology transfer to New Mexico businesses, resulting in 10 licenses and 2 cooperative research and development agreements with more in the pipeline.

Success stories from the technology readiness gross receipts initiative include Breezy Robots, which builds autonomous robots to work alongside people and communities. The program is partnering with the company to advance their disinfectant technology licensed from Sandia National Laboratories  

And Pajarito Power, a designer/manufacturer of hydrogen fuel cell catalysts in New Mexico, which is now utilizing project outcomes to aid development of a new generation of fuel cell catalysts to surpass state of the art performance requirements.

 

House Bill 67 passed the House Floor on a unanimous 66 to 0 vote and now must work its way through the Senate before the adjournment of the legislature next week.

For the New Mexico News Network, I’m Jason Espinoza

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