The city of Albuquerque supports L2B, an accelerator supporting spinouts by national laboratories and state research universities.
L2B, a US-based lab-to-business accelerator, has been created in the city of Albuquerque with its initial cohort working to commercialise New Mexico University technology, according to the Albuquerque Journal.
The city of Albuquerque approved a $200,000 grant. L2B will help researchers at national laboratories and state research universities to further develop their technology and bring it to market.
The first three spinouts participating in L2B are Enthentica, which creates hardware level anti-hacking technology, Cylenta Pharmaceuticals, which develops medication to slow the progress of multiple sclerosis and other inflammatory diseases, and Loboloxe, a company developing a device to change the colour of hair with one brushing motion.
The L2B accelerator is run by Startup Factory, a 12-week accelerator program for early-stage startups set up by New Mexico Angels.
Gary Oppedahl, economic development director for the city of Albuquerque, said: “Some scientists do want to leave the lab to commercialise technology, but most generally do not, so this program helps extract their knowledge and get it out to the market through experienced entrepreneurs who can take their ideas forward.”
