ALBUQUERQUE, N.M. — Sandia National Laboratories, a renowned research institution, has made a significant economic impact on the country through its technology development efforts. According to two studies commissioned by Sandia and the National Nuclear Security Administration, the institution has contributed a staggering $140 billion to the economy since the year 2000.

Mary Monson, Senior Manager of Business Development at Sandia, expressed pride in the institution's achievements, stating, "I am very proud of how Sandia excels in fulfilling its technology transfer mission to deliver economic impact to the U.S." The studies, conducted by TechLink, highlighted various aspects of Sandia's economic contributions, including $72.2 billion in new product sales, $22.52 billion in sales to the government, $14.1 billion in new tax revenue, and the creation of 607,246 jobs.

Jahleel Hudson, acting Director of NNSA’s Office of Technology and Partnerships, commended Sandia for its efforts in commercializing technologies, stating, "The Nuclear Security Enterprise is a treasure trove of commercializable technologies, and Sandia National Laboratories stands apart in its efforts to bring products to market."

Sandia's success in moving technology to industry is evident through its Cooperative Research and Development Agreements (CRADAs) and Patent License Agreements (PLAs). These agreements have enabled Sandia to collaborate with external parties and license federal government-owned inventions to for-profit corporations, driving innovation and economic growth.

Mary Monson emphasized Sandia's commitment to facilitating technology transfer through new programs, stating, "We are committed to bringing new programs to our ecosystem that researchers can take advantage of to move labs-developed technologies to the market."

With partnerships like the long-standing collaboration with Goodyear and ongoing projects with entities such as the Public Service Company of New Mexico and Advanced hCMOS systems, Sandia continues to make strides in technology commercialization. These initiatives not only benefit the national economy but also contribute to advancements in various sectors, from energy to manufacturing.

Jahleel Hudson summarized the impact of Sandia's economic contributions, stating, "Over the last 20 years, Sandia’s economic impact has generated billions of dollars, created half a million high-paying jobs, and positioned the United States as a leader in technological innovation." Sandia's dedication to innovation and technology transfer underscores its vital role in driving economic growth and technological advancement in the country.