Incubator For Startup Founder in New Mexico
In New Mexico, there are a few great options for startup accelerators. Ignite Community Accelerator is one of the most successful incubators in the state, but there are many others to consider. Some of these accelerators include Studio G, WESST Enterprise Center, and Dreamit Accelerator. The best program for you may be different than the one you’re currently attending, so it’s important to do your research.
Ignite Community Accelerator
The IGNITE Community Accelerator at the CNM STEMulus Center is a 12-week program for startups, providing the training and business skills needed to build a sustainable business. To apply, a startup must be a for-profit business that plans to employ at least five people within three years. The program is led by experienced entrepreneurs who work with startup founders to create the most innovative and effective business models.
The SBDC provides valuable advisory services, but their services are limited in scope and in number of hours. Many startups also lack funding, office space, and a proven, structured launch program. The SCAPE program, on the other hand, identifies emerging companies and provides mentoring and capital. In New Mexico, it’s one of a few incubator accelerators that help emerging companies grow.
Another SBDC incubator accelerator in New Mexico is the Ignite Community Accelerator. The SBDC offers access to resources, training, and networking opportunities for startups and small business owners. This program is free to join and offers support to startup founders in the state and surrounding area. Incubators and accelerators have access to free space and equipment and have access to a wide range of technology resources.
The Ignite Community Accelerator has 12 unique programs that support and fund startups. It creates a conducive environment for collaborative, diverse collaboration. For example, during a three-day Hub event, two undergraduate business school students met and formed the band Braxley Bands, which now generates $2.4 million per year. These creative collisions have helped start the business and created a sustainable, profitable company.
Dreamit Accelerator
The Dreamit Accelerator is an SBDC-sponsored incubator for startup founders in New Mexico that has just launched its second program. It is led by veteran entrepreneur Avi Savar. Savar has worked with startups and is a native of Philadelphia. The accelerator has backed startups such as Adaptly, Meerkat, and SeatGeek. Dreamit is only seven years old, but it already has several alumni.
ActivateNM is another SBDC-funded incubator accelerator for startup founders in New Mexico. It runs training and accelerated education programs to help aspiring entrepreneurs start and grow their business. The accelerator assists aspiring entrepreneurs with vetting their business ideas and identifying customers. The accelerator also focuses on helping start-ups build their brand and gaining competitive advantage. A unique program in New Mexico is the Air Force Research Lab’s Hyperspace Challenge, which aims to accelerate innovation for the US Space Force. The program connects early-stage entrepreneurs with government innovators and helps strengthen the innovation exchange between businesses and government agencies.
The ABQid program is based on the curriculum of Techstars. It offers $20,000 to startups in exchange for 6% equity. The program is a three-month experience that incorporates the lean startup methodology. During this time, the entrepreneurs test out their product/service and pivot based on feedback. This is a great way to learn how to build a business.
The BioScience Center in Albuquerque is a hybrid incubator-accelerator. It houses a dry and wet lab and provides offices, mentorship, and access to the business community. The Arrowhead Accelerator supports technology-based companies and export-oriented businesses in New Mexico. The BioScience Center is a great source of incubator and accelerator opportunities for New Mexico startup founders.
Studio G
One of the most unique incubator accelerator programs in New Mexico is Studio G, which targets student-led startups. This program offers tools to help startups thrive, including business coaching, mentorship, and training from Arrowhead Center experts in various sectors. During the accelerator, studio entrepreneurs are also given opportunities to pitch their ideas to venture capitalists. The Arrowhead Center is located on the campus of New Mexico State University in Las Cruces.
In May 2012, five young entrepreneurs from the Universidad Autonoma de Chihuahua, Mexico, visited Western New Mexican University. This program, which is free to students, aims to help them turn their ideas into successful businesses. It is run by Dr. David Scarborough, Assistant Professor of Management at Western New Mexico University. “We want to inspire students to pursue their passions,” said Dr. Vicens, who is also a founding member of Studio G.
Another incubator accelerator for startup founders in New Mexico is the Santa Fe Business Incubator. This accelerator is for early stage startups in technology and social enterprise. The program offers training, mentorship, and access to office space. It also includes an eight-week curriculum aimed at improving investment readiness and social enterprise leadership. After graduating from the program, participants are given a chance to network with other startups and government innovators.
Studio G has several amenities to offer its startup community, including a 10,000 square-foot co-working space, multi-media equipment, and IT infrastructure. Its members have unlimited access to its facilities and conference rooms, and access to a 300-megabit “fat pipe” Internet connection. The incubator also offers workshops, free mentoring, and access to its expert staff. Its location is convenient for both local and international startup founders, as it is just a short drive away from the capital city of Santa Fe.
WESST Enterprise Center
If you’re a startup founder in New Mexico and looking for an accelerator, consider the following programs. New Mexico TechWorks is a collaborative initiative overseen by the Community Learning Network (CLN). Its purpose is to support the development of tech education, enterprise, and employment. The program includes an accelerator and weekly one-on-one mentoring. Its programs are designed to help entrepreneurs with the newest technologies.
The WESST enterprise center is a Silver LEED-certified business incubator in downtown Albuquerque. It’s a center for small business development and entrepreneurship and offers a range of business assistance programs for up to 20 businesses. The WESST program has a diverse range of services, including a business coaching program and mentorship from WESST experts from various industries.
ABQid is an eight-week, three-month startup accelerator. The program takes place in the WESST Enterprise Center at Lomas and Broadway NE. The WESST incubator offers a space for fifteen people with internet and telephone access. Participants will learn lean startup methodologies and get one-on-one mentoring. A high-voltage research laboratory and a general lab space are available to businesses in the accelerator.
The South Valley Economic Development Center, a joint effort of the Rio Grande Community Development Corporation and Bernalillo County, provides state-of-the-art amenities, business assistance programs, and resources to accelerate growth. The program also provides tailored mentorship in areas such as marketing and advertising. Mentors also help entrepreneurs access other resources to get their businesses off the ground. Incubators can also tap into the entrepreneurial community through seminars and other business services.
Hawkeye Startup Incubator
Incubator programs are designed to help you build your company. If you have a good idea for a startup, the SBDC is a great place to get help. The incubators have experienced mentors who can help you build your business. They also help you get funding and connections. Incubators will help you build your company by providing resources and support.