New Mexico University joins Osage Venture Partners 70 existing academic partners.

New Mexico University (NMU) has signed an agreement with Osage Venture Partners, the manager of the $200m Osage University Partners II fund, in a bid to attract more early-stage investment to the area for its spinouts.

NMU joins 70 other academic institutions, including a number of top level research institutions such as Harvard and Johns Hopkins universities, in the investment consortium behind Osage.

The investor typically invests $5m to $10m in its deals, and works exclusively with academic spinouts and companies which have licensing technology emerging from its partner institutions. Currently, Osage has made at least 49 investments in 39 companies since launching in 2009.