Latest news with #NMexus
Time of India
19-05-2025
- Business
- Time of India
IIT-K's SIIC joins hands with US centre to drive global access for startups
Lucknow: Equipping companies from India with the tools, knowledge and networks necessary to successfully expand operations in the US market, the Startup Incubation and Innovation Centre (SIIC) at IIT-Kanpur has been named as a key partner in the establishment of NMexus , a first-of-its-kind global business accelerator and commercialisation centre based in Albuquerque, New Mexico. The initiative was officially unveiled by New Mexico governor Michelle Lujan Grisham at the SelectUSA Investment Summit in Maryland, just outside of Washington, DC, this week. Its primary goal is to attract foreign direct investment and assist international companies from India, the Middle East, Europe and Asia in establishing a strong presence in the US market. The announcement cements New Mexico's reputation as a global science and technology hub, attracting foreign direct investment (FDI). With companies from India joining the state's innovation landscape, India becomes the 15th foreign country to invest in New Mexico, further enhancing the state's global appeal. According to reports, the NMexus Centre in Albuquerque's Mesa del Sol innovation district has welcomed its first cohort of companies, featuring a diverse mix of businesses from India and Oman. The participating companies include Zonap Engineering India, Alligator Automations, DCirrus Inc, Supreme Technology, American Grain Corporation, Oliver Merino LLC, and Ardic, marking a significant step in the growth of the region's innovation ecosystem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas in Dubai | Search Ads Get Info Undo The centre is expected to serve up to 40 companies annually, generating approximately 1,500 new jobs and an economic impact of over USD 400 million in the next five years. "The NMexus Centre signals to the world that New Mexico is open for business," Governor Grisham said. SIIC at IIT-K had signed an MoU with NMexus Centre in April 2025 to support Indian startups entering the US market. It will provide NMexus with access to a curated pipeline of high-quality, market-ready startups. In return, startups incubated at SIIC will benefit from NMexus' soft-landing infrastructure, mentoring, regulatory support, and business development services tailored for the North American market. Professor-in-charge, SIIC, IIT-K, Prof Deepu Philip said, "This partnership will allow our innovators to access international markets more seamlessly and help position Indian technology on the world stage." CEO, SIIC, Anurag Singh said, "Through NMexus, we are building a bridge between Indian innovation and the US opportunity. This collaboration opens new doors for our startups — offering the critical infrastructure and support needed to scale globally and sustainably." SIIC at IIT-K is one of India's oldest and most active incubators. With a focus on deep-tech innovation, SIIC provides a dynamic startup ecosystem through funding, mentorship, and strategic partnerships — both in India and globally.
Yahoo
13-05-2025
- Business
- Yahoo
NM governor announces effort to attract foreign investment
Gov. Michelle Lujan Grisham gives her State of the State address on Jan 16. 2024 during the opening day of the legislative session. (Photo by Anna Padilla for Source NM) New Mexico's governor on Tuesday announced the creation of a center in Albuquerque that will help foreign companies relocate and invest in the state. Gov. Michelle Lujan Grisham said the NMexus Center, a global business accelerator, will assist companies with the costs of relocating to the U.S., including job training, human resources and legal issues. 'Don't think of it as a soft landing; think of it as more of a launch pad for investing and expanding businesses,' Lujan Grisham said during a news conference at the SelectUSA Investment Summit in National Harbor, Maryland, organized by the International Trade Administration, a government agency within the U.S. Department of Commerce. NMexus Center Executive Director Amar Vakil said at the news conference the accelerator will help businesses obtain work visas, identify customers and market their products. Seven companies have agreed to initially relocate to the accelerator, starting with a total of about 40 jobs in Albuquerque, Lujan Grisham said. The companies are from India and Oman and include Zonap Engineering India; Alligator Automations; DCirrus, Inc.; Supreme Technology; American Grain Corporation; Oliver Merino LLC; and Ardic, according to a news release published by the governor's office. Lujan Grisham said the goal is to create approximately 1,500 new jobs related to water, cybersecurity, energy and agriculture. In the news release, her office estimated the accelerator will have a total economic impact of $400 million. There will be a ribbon cutting ceremony in June, she said. NMexus will be located in Albuquerque's Mesa del Sol area, within the U.S. House of Representatives district represented by Democrat Rep. Melanie Stansbury, who said it will bring jobs back to the state. 'New Mexicans are strong, resilient, determined, creative and we are ready to bring international partners to employ our people and bring good-paying jobs back to the United States and back to my home state that I grew up and was born and raised in, and to my district,' Stansbury said at the news conference. The governor also announced partnerships with other foreign companies that are considered NMexus 'strategic partners': IIT Kanpur, the Telangana Chambers of Commerce and Industry, the Oman Business Network and the Traders Advocacy Group of Ghana. City of Albuquerque Economic Development Director Max Gruner said at the news conference NMexus will act as an 'infrastructure of welcome' for foreign companies to come to and stay in New Mexico. 'In New Mexico, in Albuquerque, we are writing the economy of the possible,' Gruner said. 'We are not guided by a nostalgia of a golden age long ago, we are navigating by a horizon of possibility, by a vision of a future where opportunity is abundant and resilient.' Center Executive Director Vakil said companies' path to the American success story 'runs through New Mexico.' 'New Mexico believes in taking risks, investing in partnerships and investing in global ambition,' Vakil said. 'These ambitions can be fast-tracked into a success story in the state of New Mexico.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
