The Lobo VentureLab

Moving an idea from concept to market is an exciting prospect, but it can be a daunting task. Useful technologies are just a starting point. The process of forming a company can be mysterious. However, there are many sources of assistance and information available to the inventor. The Lobo VentureLab (LVL), within the STC.UNM family, is such a resource: a connection point for university researchers, inventors, faculty, students, entrepreneurs, venture capital firms, and small technology companies in various stages of development. The LVL assists with the commercialization of technologies and facilitates the formation of start-up companies. The LVL equips these new companies with a healthy foundation and necessary resources—improving the chance for success.

The LVL often collaborates with faculty inventors, entrepreneurs, and University of New Mexico (UNM) business students to perform market research and advance business opportunity overviews cultivated from UNM-developed technologies. UNM and LVL representatives research, position, and identify strategies for the commercialization of these technologies. Such things as market potential and competitive environment are key factors examined during placement of these technologies. Student teams also develop detailed cost and revenue models determining profit potential and rates of return.

Are you an entrepreneur or investor looking to build a start-up company?

STC.UNM has several packaged opportunities ideal for start-up companies. Opportunities are technology groupings available for licensing. The LVL supports companies considering licensing technology from UNM, or companies who would benefit from collaboration with the University. Through outreach events and research of firms, STC.UNM and the LVL identify companies in New Mexico working in areas key to the University and the state's economy.

Benefits:

1. Competitive leasing rates
2. Private furnished office with sound insulation and 24/7 access
3. Mailing address
4. Telephone with voice mail
5. Assistance with settting up conference calls
6. High-speed internet and fax connections
7. Access to conference room (upon availability)
8. Utilities included
9. Complimentary coffee bar
10. Daily janitorial service
11. Card key and key access to Accelerator and office
12. Secured and ample parking for tenants and visitors
13. Access to program support from Lobo VentureLab interns (preference given to UNM start-ups

The Lobo VentureLab Offers:

1. Assessment of market potential
2. Assistance in business plan preparation and presentation
3. Review of venture opportunities
4. Matching scientists/researchers with industry entrepreneurs
5. Assistance raising funds to grow ventures
6. Links to legal information, advice, and investment opportunies
7. Project management of the venture dvelopment process
8. Technology portfolios

Facilities:

1. Market research capability and subscription-only database services
2. Internet, telephone, and fax access
3. Mentoring and advice
4. Student intern support

Additional Services (available on a per charge basis):

1. Access to copy machine (black & white copies @ $0.08/page)
2. Access to color printer ($0.40/page)
3. Long-distance and teleconference calls
4. Postage, FedEx, UPS
5. Access to training room or large executive conference room

Office Sizes and Fees:

1. Office A
• 11'-2" x 12'-0"
• $500/mo. + $500 initial one-time deposit
2. Office B
• 11'-0" x 12'-0"
• $500/mo. + $500 initial one-time deposit
3. Office C
• 11'-0" x 13'-7"
• $575/mo. + $575 initial one-time deposit
4. Office D
• 11'-0" x 14'-0"
• $625/mo. + $625 initial one-time deposit

Deposit will be used to offset costs for tenant-related damage to office, lost keys and equipment, if applicable. Any remaining deposit will be refunded to tenant or applied toward last month's rental fee at end-of-term.

The Accelerator

For more information or to apply for office space, contact Kyung Salazar or Lisa Kuuttila.