Moving from
Invention to Production

Steps to Follow

1. Document your discovery, invention, or innovation
2. Research your Market.
3. Work with Research Universities and National Labs in the region to transfer technology to support your aspirations.
4. Develop a Prototype.
5. Test or Evaluate your Prototype with Technical Experts.
   • NM Small Business Assistance Program
   • TRGR Technology Readiness Initiative
   • Lab Embedded Entrepreneurship Program
6. File a Patent for your Invention.
7. Get the Patent Licensed to an Entrepreneur or begin a Company.
8. Market your Invention to Investors
9. Apply for opens in a new windowSmall Business Innovation Research (SBIR) and/or Small Business Technology Transfer (STTR) Funding to Support Development.
   • ASCEND (Accelerating Solutions for Commercialization and Entrepreneurial Development) Hub
   • Arrowhead Center – NM Federal and State Technology (NM FAST)
10. SBIR and STTR awardees are eligible to apply for matching funds from the NM Economic Development Department (EDD)