A. The "technology and innovation division" is created in the department. In addition to any organizational units, programs or funds that the secretary assigns to the technology and innovation division, the division consists of the office of strategy, science and technology. B. The technology and innovation division, in addition to other duties that may be assigned to the division by the secretary or by law, is authorized to: (1) engage and coordinate with the technology and innovation network advisory board and the broader business community; (2) support and coordinate with the target sector subcommittees of the technology and innovation network advisory board; (3) represent New Mexico at national conferences and trade shows related to technology and innovation, focusing on the target sectors; (4) identify and support applications for federal grant opportunities in the target sectors; (5) support and develop ecosystems in New Mexico in the target sectors; (6) provide program staff for each target sector to coordinate and serve as liaisons to target sector ecosystems in New Mexico; (7) market and promote New Mexico's target sectors within and without New Mexico; (8) administer the Research, Development and Deployment Fund Act [6-31A- 1 to 6-31A-7 NMSA 1978], including: (a) establishing, maintaining and administering the application process; (b) reviewing and evaluating grant proposals; (c) monitoring the progress and outcomes of projects awarded funding; (d) ensuring compliance with fund matching requirements; (e) tracking and reporting on the performance of the research, development and deployment fund; and (f) coordinating and managing the awards process in consultation with the technology and innovation network advisory board; (9) develop and maintain a statewide technology and innovation strategic plan that: (a) aligns with state economic development goals; (b) identifies key innovation assets and opportunities; (c) establishes metrics for measuring progress and success; and (d) outlines strategies for the development of target sector ecosystems; (10) collect, analyze and report to the department on innovation metrics, including: (a) economic impacts of division programs; (b) state innovation performance indicators; (c) ecosystem development metrics; and (d) returns on investment of state funding; (11) support technology transfer and commercialization through: (a) facilitating connections between researchers and industry; (b) providing technical assistance for technology commercialization; (c) supporting small business innovation and incubation programs; and (d) coordinating with federal and state technology transfer programs; (12) coordinate innovation initiatives across state agencies, including: (a) identifying opportunities for collaboration; (b) aligning resources and programs; (c) reducing duplication of efforts; and (d) maximizing impact of state investments; and (13) maintain databases and resources, including: (a) state innovation assets and capabilities; (b) funding opportunities and resources; (c) technical assistance providers; and (d) ecosystem support organizations. C. As used in this section, "target sectors" means aerospace and space, biosciences, clean energy and water, advanced computing, which includes artificial intelligence, quantum computing and cybersecurity, and other sectors that are strategic and important for statewide economic development. History: Laws 2025, ch. 133, § 2.
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