Why New Mexico

New Mexico's legacy thrives on pioneering research that unlocks the secrets of life. New Mexico’s journey started with the atomic age, and the U.S. establishing world-renowned research institutions dedicated to unraveling biological mysteries. The substantial investment in New Mexico’s research and development fosters a robust R&D infrastructure, propelling New Mexico to the forefront of bioscience discovery. 

New Mexico is home to more PhDs per capita than any other state in the country. We attract scientists and professionals from around the world. Today, the state boasts three esteemed national laboratories, three research universities, 17 community colleges and a dedicated bioscience incubator. 

New Mexico is a dynamic hub for groundbreaking work in areas like genetics, medicine, and bioengineering. 

Top Reasons to Build Your Bioscience Innvocation in New Mexico

As an emerging biotech hub, New Mexico presents a compelling set of reasons to build here:

1. Networking. In NM, we can accelerate your success by providing personalized attention and facilitating strategic connections within hours and days rather than weeks or months.
2. World-Class Talent. NM has a higher concentration of talent in the sciences thanks to our robust institutions. Read more – from our friends at the NM Partnership.
3. The Spotlight is on You. Monthly, quarterly, and annual convenings ensure your business is seen, heard, and advocated for. And, with NMBio membership, you’ll enjoy lower cost to access national and international conferences.
4. Job Training Incentives. The New Mexico Economic Development Department partners with startup companies to pay six months’ salary for high-tech positions through its Job Incentive Training Program (JTIP).
5. Land and Infrastructure Support. New Mexico’s Local Economic Development Act (LEDA) helps biotech startups reduce cost of construction and other hard costs associated with growing or expanding in the State.
6. Investment Tax Credits. New Mexico’s Angel Investment Tax Credit incentivizes individual angel investors to partner with you by providing them a tax credit when they invest in your company. 
7. Technology Jobs & Research & Development Tax Credit. Qualified entities can claim credits on expenditures connected to research. 
8. Cost of Doing Business. Beyond amazing incentives, the cost of doing business in New Mexico is a fraction of more established biotech hubs. And NMBio provides its members extensive savings on capital expenditures (learn more).
9. The Great Outdoors. Outdoor recreation is a way of life in New Mexico. Residents enjoy 35 million acres of public lands boasting a variety of outdoor activities and over 360 days of sunshine. Learn more.