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Press Release

2009 TVC Equity Capital Symposium Welcomes Prize Winner from 2008 UNM Competition

March 30, 2009

Surya Suncare
Surya Suncare Corporation, the winner of the 2008 TVC Lockheed Martin Prize in the UNM Technology Business Plan Competition, has been accepted into this year’s Technology Ventures Corporation (TVC) Equity Symposium.

The Surya team, comprised of EMBA graduates Klaus Mueller, Miles Nelson, Will Reichard, and Steve Renfro, continued to improve their business plan after the UNM competition. They worked with representatives from TVC and were chosen for the final pool of 15 presenters selected from 52 entered plans. Surya Suncare is commercializing an optically transparent sunscreen for protection against cancer-causing UVA and UVB radiation.

A nonprofit arm of Lockheed Martin, TVC surrounds teams accepted into its symposium with advisors who work with the groups to further improve their plans, all at no cost to the teams. Firms who have presented at the symposium in previous years have the opportunity to return to vie for subsequent rounds of funding in later years.

Technology Ventures Corporation has helped startup firms attract more than $1 billion in funding over the past 15 years. Located in only 3 places in the United States, TVC brings free, expert support to technology startups in Albuquerque, and our community is very fortunate to have them here. A primary factor in creating more than 12,000 new jobs, TVC builds economic development from the raw materials of innovation and sound business planning. Symposium teams will present their plans to scores of investors on May 6 & 7. See https://techventures.org/TVC-ECS/index.php for more information.

From the 2008 symposium program, "When Technology Ventures Corporation was created in 1993, Lockheed Martin Corporation, the founder, issued a challenge to TVC’s executives: Facilitate the commercialization of technologies developed in the national laboratories and research universities to create thriving companies and good jobs in New Mexico. TVC identifies technologies with commercial potential, coordinates the development of business and management capabilities and seeks sources of capital investment for the business. TVC is not a funding institution, but a bridge between technology and investment.”

For all four years of the UNM Technology Business Plan Competition, TVC has sponsored the $10,000 TVC Lockheed Martin Prize. Says Surya Vice President Will Reichard, "This is the real deal, and there is not a more supportive environment than UNM in which to try. This competition is one of the best examples I've seen of what is making New Mexico the premier place in the country to create technology-related businesses." Now Will and his team are taking another step forward.

For more information about the UNM Technology Business Plan Competition taking place April 3, visit https://techbizplan.mgt.unm.edu/.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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