[COA Member] Three angels launch new New Mexico investment fund
Three of New Mexico’s prominent angel investors are launching a new, $4 million venture fund to pump early-stage capital into high-tech startups around the state. New Mexico Angels President John Chavez, Vice President Dorian Rader and board member Sherman McCorkle are partnering together to launch the new NMA Ventures, which will invest between $200,000 and […]
NMSU’s Arrowhead Center Receives $300,000 From U.S. EDA For Seed Capital Fund
The U.S. Department of Commerce recently announced that Arrowhead Center, the entrepreneurship and innovation hub at New Mexico State University, has been awarded a $300,000 grant through the Economic Development Administration’s Regional Innovation Strategies program to support the Arrowhead Innovation Fund, an early stage seed capital fund for promising New Mexico startup companies. “This investment […]
University of New Mexico Spinout Aims to Develop Nanopore Sequencing Technology, supported with $1.5M from Catalyst Fund
In August, the firm received $1.5 million in seed investment from New Mexico’s Catalyst Fund. The nanopore technology will be based on work from several UNM researchers: Steven Brueck, a professor of electrical and computer engineering at UNM’s Center for High Technology Materials with an expertise in nanofabrication; Yuliya Kuznetsova, a research assistant professor whose […]
i-Corps Grant will help University of New Mexico foster business startups
A lot more local startups marketing University of New Mexico technology could emerge in the next few years thanks to a new $444,000 grant from the National Science Foundation. The five-year grant will convert UNM’s new Lobo Rainforest building at the Innovate ABQ research and development site Downtown into an official “NSF Innovation Corps site.” […]
UNM.STC tech-based startups remain at record high
The University of New Mexico’s technology transfer office reported another solid year of growth for fiscal year 2017, which ended June 30. The number of startups formed with UNM technology remains at a record high for the second year in a row, with 12 new businesses launched. Licensing agreements for companies to take UNM inventions […]
Venture capital firm bets on New Mexico
When Brian Birk, the managing partner of Sun Mountain Capital, talks about venture investing in New Mexico, his voice projects an almost evangelical fervor. The man is a believer: “New Mexico is a technically sophisticated place with a very deep talent pool,” he said. “Look at Silicon Valley. There are startups everywhere, but little innovation. […]
New Mexico State University Arrowhead Innovation Fund receives $800,000 for high-tech startups
The Arrowhead Innovation Fund at New Mexico State University’s Arrowhead Center is one of three organizations to receive investment from the state’s Catalyst Fund, a $20 million “fund of funds” to support New Mexico companies, Gov. Susana Martinez announced Tuesday in Albuquerque. The Catalyst Fund is expected to support more than 50 companies in New […]
New $40M Venture Capital Catalyst Fund Will Be Critical to Start-Up Growth in New Mexico
New Mexico is still mired in muck from the recession, but better times may be coming for local entrepreneurs looking to start new businesses. About $40 million in new venture capital could soon be flowing into startups across the state now that the State Investment Council’s new Catalyst Fund has begun doling out money for […]
New Mexico Arrowhead Innovation Fund receives investment from state’s Catalyst Fund
The Arrowhead Innovation Fund at New Mexico State University’s Arrowhead Center is one of three organizations to receive investment from the state’s Catalyst Fund, a $20 million “fund of funds” to support New Mexico companies, Gov. Susana Martinez announced Tuesday in Albuquerque. The Catalyst Fund is expected to support more than 50 companies in New […]
New New Mexico state Catalyst Fund announces first awards
Many cash-strapped New Mexico startups may soon get a critical boost from a state-backed investment program that’s pumping an initial $4.65 million into three local venture funds. Gov. Susana Martinez announced Tuesday that the state’s new $20 million “Catalyst Fund” is making its first three commitments to investment funds managed by New Mexico State University, […]