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Economic Development

UNM Rainforest Innovations Receives CARES Act Grant to Expand EDA University Center

UNM Rainforest Innovations (formerly STC.UNM), the University of New Mexico’s technology-transfer and economic-development organization, announced that it has received a $300,000 CARE Act Recovery Assistance grant from the U.S. Department of Commerce’s Economic Development Administration (EDA). The grant will help expand current business support through technical assistance, online courses and seminars, and virtual mentoring to help respond to the unusual and compelling urgency of the coronavirus pandemic. The Cornoavirus Aid, …Read More

Local Startups Struggle Amid Coronavirus Pandemic

Over the past several months, the local startup community has faced unprecedented hardships amid the coronavirus pandemic. The U.S. economy has taken a devastating blow as stores are forced to halt operations in order to slow the spread of the virus and states are issuing stay-at-home orders. Among the most affected are small businesses that lack the funding and resources to draw on during these difficult times. See Kevin Robinson-Avila’s …Read More

U.S. Department of Commerce Invests $300,000 in CARES Act Funding to Boost University of New Mexico Capacity to Help Communities and Businesses Respond to and Recover from Economic Impact of Coronavirus Pandemic

Friday, July 17, 2020 Contact: John Atwood JAtwood@eda.gov WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $300,000 CARES Act Recovery Assistance grant to the University of New Mexico, Albuquerque, New Mexico, to boost their capacity to support regional economic development strategies in response to the coronavirus pandemic. “The Trump Administration is eager to allocate these essential CARES Act funds and deliver on our …Read More

Tapping into Native Business Resilience Seminar Offers Support for Native American Entrepreneurs and Business Community

On June 22, the New Mexico Rainforest EDA University Center hosted its June seminar on “Tapping into Native Business Resilience Moving Forward.” This webinar discussion was led by entrepreneur and UNM-Gallup University Center Mentor Vanessa Roanhorse, from Roanhorse Consulting. Vanessa was joined by Liz Gamboa and Jake Foreman from New Mexico Community Capital to discuss various ways in which Native American communities have overcome adversity throughout the years and how …Read More

UNM I-Corps Site Program Trains Sixth Cohort Class

On February 24, ten teams of entrepreneurial-minded faculty and students began the UNM Lobo I-Corps Site Program. This 10-week training program is designed for UNM faculty and students who want to learn how to transition their STEM-related technologies to the marketplace. The NSF-funded I-Corps program at the Lobo Rainforest Building is a partnership between STC.UNM and the Innovation Academy and its purpose is to foster innovation among faculty and students, …Read More

Lobo Rainforest virtual pitch competition winners announced

UNM students earn seed funding for business ideas despite social distancing  April 29, 2020 No first-round feedback, no live finals, and no meetings with mentors and pitch coaches didn’t stop UNM students from submitting 41 ideas to the Spring 2020 Lobo Rainforest Pitch Competition. This year the competition was completely virtual, and students were given one chance to submit a 90-second pitch to be judged by industry leaders. The results …Read More

Help Being Offered by EDD and Others for New Mexico Businesses Affected by COVID-19

Local business weekly, Albuquerque Business First, released an article on how state and local governments and banks are offering financial help for New Mexico businesses affected by the new COVID-19 coronavirus. While new measures at being taken to minimize the spread of the virus, businesses are greatly impacted by the lack of foot traffic, restrictions on in-person dining, and the most recent stay-at-home order, which temporarily closes all non-essential businesses …Read More

New Mexico Small Business Recovery: Take and Expand your Business Online

The University of New Mexico’s Innovation Academy and STC.UNM are offering a special course to help New Mexico businesses at this critical time for our state’s economic recovery. This is made possible thru a grant from the Department of Commerce Economic Development Administration called the NM EDA Rainforest University Center. During this time of economic uncertainty, many New Mexico small businesses need to build or increase their online presence to …Read More

Student entrepreneurs make a pitch for music stand business

University resources help student business owners market their product By Mary Beth King February 26, 2020 Tim Mallette, a University of New Mexico graduate student working on a master’s degree in music performance for trumpet, bought a great music stand a few years ago. He liked the product so much that he and his wife Tracy, a Ph.D. student in biomedical engineering, bought the business that made the stands. Now they’re …Read More

Innovate New Mexico® Technology Showcase to Feature Latest Developments from New Mexico’s Research Institutions and Startup Companies

The seventh Innovate New Mexico Technology Showcase will take place at the Event Center at Sandia Golf Club on March 3, 2020. Innovate New Mexico is an annual event featuring the latest developments in research and technology from seven research institutions in the state of New Mexico. Researchers and inventors from the University of New Mexico, the Air Force Research Lab, Los Alamos National Lab, Sandia National Labs, NASA-White Sands …Read More