Establish Direct Investment Fund
The priority goal of the NMBSA is to establish a Direct Investment Fund (DIF) with the State of New Mexico.
Direct investment would be focused on bioscience companies based in New Mexico or relocating bioscience companies, taking an equity position.
The Direct Investment Fund
- Capital match by private investors makes the fund exponentially more effective
- Return on investment is monetary
- Expands tax base due to jobs created and personal and business tax
- Fund is an investment, not an incentive
- Coordinates Public and Private investment
- Fund targets specific industry
- Incentive and financiering grow university/public/private investment
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