Plans have been announced for the construction of what are being called “venture studios” in Albuquerque and elsewhere in the state which are designed to serve as technology hubs bringing together in one place research and development, capital, and government incentives.
The project belongs to America’s Frontier Fund, an investment platform launched in 2021 and designed to encourage innovation and the development of critical technologies.
Support for the project is coming through the New Mexico State Investment Council, which is dedicated to growing the state’s endowment funds via sound investments and is committing $100 million to making what is being called the Roadrunner Studios a reality.
In a statement, Gilman Louie, chief executive officer of America’s Frontier Fund, noted that the group’s mission is to “build new companies and technologies based on fundamental breakthroughs in science.”
Louie added that such innovations are posed to “transform sectors like energy, healthcare, communications, and manufacturing, and will change the New Mexican, American, and global economy.”
According to the Albuquerque Journal, the Roadrunner Studios will be built in several locations across the state and will primarily be located “next to key research centers,” while being headquartered in the Duke City.
The Frontier Fund is dedicated to promoting and supporting industries in what are known as “Frontier Technologies,” which include everything from advanced manufacturing, artificial intelligence, microelectronics, and the quantum sciences.
By Garry Boulard
