Our Vision
The mission of Technology Ventures Corporation is to help startup companies that are developing technology from the national laboratories. Additionally, we look to research universities for commercialization opportunities. Our goal is to increase employment opportunities and wealth in the technology industry.
There are two groups that benefit from TVC’s efforts—entrepreneurs and investors. TVC helps entrepreneurs strengthen their business case and prepare to raise funding from equity investors. In doing so, TVC creates value for investors as well, and is considered by many investors as a high-quality source of deal flow.
Enabling Innovation
Accelerating Investment
The primary vehicle for showcasing both seed and early stage companies are TVC’s Equity Capital Symposia. To date, one-third of the presenting companies have received funding—a noteworthy achievement, especially since TVC clients do not pay any fees (or equity compensation) for assistance.
In addition to supporting entrepreneurs, TVC has been an innovator in its own right with respect to technology development and commercialization on several levels:
- Innovation: America's Journal of Technology Commercialization TVC is the publisher of this bimonthly magazine, which is free to qualified subscribers and now has a circulation of more than 15,500. (Formerly TechComm) www.innovation-america.org
- Sandia Science & Technology Park TVC co-founded this nationally recognized research park that, when fully developed, will have up to 12,000 people employed at technology-based companies. www.sstp.org
TVC History
When Lockheed Martin Corporation founded Technology Ventures Corporation in 1993 as part of its successful proposal to manage the Department of Energy’s Sandia National Laboratories, the challenge was clear: Facilitate the commercialization of technologies developed in national laboratories and research universities to create thriving companies and good jobs in New Mexico. How to make this happen was, of course, quite another matter. The road between esoteric technologies and practical applications resulting in jobs isn’t a straight line and the roadmap didn’t exist. TVC created its own through trial, error, sagacity and professionalism.
As a result, between 1993 and 2002, TVC figured prominently in the production of more than $300 million in capital investments, more than 55 new high-tech companies and more than 5,600 new jobs. And, in so doing, TVC blazed a new trail by developing an effective and unique technology commercialization model.
Nationally, one in a thousand entrepreneurs seeking early stage equity investment receives it. Of the entrepreneurs who have worked with TVC and presented in a TVC symposium, about one in three has received funding. That record is similarly unique.
The model has been so successful that since 2002 the company has received congressional appropriations to extend its broad array of services in technology commercialization to other DOE laboratories
Technology Ventures Corporation is a nonprofit, 501(c)3 private foundation, founded by Lockheed Martin in 1993, and funded by both Lockheed Martin and the Department of Energy.
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