New Mexico State University’s AgSprint accelerator selects first participants
Six promising startup companies that are developing technology in all areas of agriculture have been selected for a new accelerator program at New Mexico State University’s Arrowhead Center. The AgSprint accelerator, part of the Arrowhead Technology Incubator, is a five-month venture-builder program designed to support innovation in agriculture by connecting agricultural entrepreneurs to financing, demonstration […]
New Mexico state pumps $40M into venture investments from tax fund
The New Mexico State Investment Council unanimously approved another $40 million from the Severance Tax Permanent Fund Tuesday for venture investments in local startup companies. The money will help replenish the SIC’s Co-Investment Fund, which makes direct investments in startups in partnership with venture capital firms. The new money raises SIC cash commitments to the […]
SIC, Catalyst Fund ready to move on funds for New Mexico startups
New Mexico’s new state-backed Catalyst Fund is ready to make its first capital commitments to local micro funds that invest in startup companies around the state. Santa Fe-based Sun Mountain Capital, which is managing the new “fund of funds” for the State Investment Council, closed this week on $15 million in commitments from the SIC […]
Arrowhead innovation fund preps to distribute
A lot more seed and early-stage capital could begin flowing into fledgling startups at New Mexico State University this summer thanks to a new innovation fund being set up by NMSU’s Arrowhead Center Inc. Arrowhead, which manages all of the university’s technology transfer and commercialization programs, announced its intent last year to establish a $2 […]
New Mexico Investment Council OKs new startups fund
The State Investment Council drew broad praise on Tuesday for approving a new funding program that could allow up to $40 million or more to flow into startup companies statewide.The council unanimously approved the establishment of a new $20 million “fund of funds” that will provide money to micro funds around the state that invest […]
Anchor investment from NMSU Foundation helps launch Aggie Innovation Fund
In the past year, New Mexico State University has introduced new technologies and products in areas as wide-ranging as dyes that will help identify and treat cancer, organic pesticides, voice authentication security software, and shrimp that can be grown in the desert. The common thread between these innovative ideas is the need for funding to […]
STC.UNM: STC.UNM’s Co-Investment Fund Invests $89,000 in EcoPesticides
Capital is the lifeblood of early stage companies. Thanks to the STC.UNM STC Co-Investment Fund, EcoPesticides International has just received a significant infusion. STC has invested $89,000 in the Albuquerque-based startup company that has licensed University of New Mexico UNM technology to make biologic-based “green” pesticides more effective in protecting against harmful pests while doing […]
University of New Mexico seeks to raise $1M seed fund for start-ups
The University of New Mexico may be putting more skin in the technology transfer game with a new $1 million fund to invest up to $100,000 in startup companies working to take UNM inventions to market. The UNM Foundation and the directing board of the Science and Technology Corp., which manages UNM’s technology commercialization, agreed […]
STC.UNM gap funding supports innovative approach to drive cancer therapies
It’s the spread of the original cancer tumor that kills most people. That’s why cancer researchers vigorously search for drugs that can prevent metastases, the spread of cancer. But most drugs take a decade—and frequently, more—to go from concept to Food and Drug Administration approval. One way to reduce this time investment is to look for […]
New Mexico Angels Support University Start-ups To Tune Of ~$1.5M Per Year
The New Mexico Angels, a local angel investment group, remains the bright spot of investment activities in what has been several years of gray skies for the state’s venture capital community. Angel investments have been critical to funding the early stage technologies coming out of the University of New Mexico. The Angels formed two start-up […]