The ActivateNM team is pleased to announce the conclusion of its 4th accelerator cohort. From healthcare solutions to better betting through data science, this group of founders is now at the next step in their entrepreneurial journey. Join us on June 26, 2020 to celebrate and showcase their accomplishments. RSVP below:Click Here to RSVP
Fulfilling its mission of pushing New Mexico forward as a leader in tech and business, ActivateNM chose five companies from around the state: two from Albuquerque, two from Taos, and one from Rio Rancho to join this cohort. The online-only format included three days of programming: meetings with mentors, the technical residents, and experts in a variety of fields, all committed to the success of New Mexico businesses. Additionally, the founders used the Lean Startup Methodologies, resources such as podcasts, and consistent pitch practice to shape and finetune their idea, business model, and branding.
Meet the startups that have successfully completed the accelerator program:
Founder, Marko SchmittVisit Site
Founder, Ken GustafsonVisit Site
Founder, Brian StinarVisit Site
Founder, Chap GrubbVisit Site
Monkey Brain Sports
Founder, Usaama AlnajiVisit Site
Congratulations to our newest cohort! We look forward to your successes, and to the next group of founders; cohort 5 starts in September. If you are interested in joining the next cohort learn more at on our accelerator program page.
Originally posted on CNM.edu
Startups are designed to problem solve, and Ingenuity is giving them the resources they need
The history of the word “entrepreneur” dates back all the way to the 1700s and one of the earliest definitions talks about a willingness “to assume the risk and to deal with uncertainty.” Never has that been more true than the present moment.
In a time when COVID-19 is rewriting all the rules, especially those surrounding businesses, entrepreneurs are finding smart ways to keep the economy going and people employed. Many of those entrepreneurs run local New Mexico startups and CNM Ingenuity is doing everything it can to support them.
“Entrepreneurs were born for this moment,” says T.J. Cook, the Executive Director of ABQid, an entrepreneurial support organization that’s part of Ingenuity. “They’re ready to find solutions to the complex problems now facing us and we want to do everything we can to help them.”
Most immediately, Ingenuity is now running a virtual learning series for startups and entrepreneurs through ActivateNM, an Ingenuity startup accelerator. So far they’ve held seminars on everything from crisis funding to product management, or the process of building and shipping software to customers.
Next up on May 1 is a session with Dale Dekker, an active angel investor and the principal at Dekker/Perich/Sabatini, an architecture, interior design, planning, engineering, and landscape architecture firm. In that session, Dekker will address the opportunities created by COVID-19 and help startups brainstorm how they can embrace the opportunity to provide solutions.
Concurrently, ActivateNM is also running its accelerator and finding ways to re-tool its approach in order to help the newest cohort better serve clients online. Businesses in that cohort include COHGIN Telehealth Solutions, which is creating a telemedicine platform for obstetrics, Rerouted Co-Op, which has a site that makes it easy for people to buy, sell and donate used outdoor gear, and Dromo, an app for home health resource management and compliance.
“The businesses in this cohort are primed to operate in the current environment and we’re excited to see what they do,” says Dan Heron, the Senior Program Manager with ActivateNM.
Finally, ABQid has also compiled several online resources for local startups. One is an evolving list of financing options for startups, and another details New Mexico startups that are offering COVID-19 resources. Additionally, ABQid sent around a comprehensive guide that startups can use to address everything from cash management (how do they stay afloat in the current environment), to communication (how do they communicate internally with employees and externally with customers).
“We need entrepreneurs more than ever, and we believe many new startups can rise up in New Mexico with solutions for these unprecedented times,” T.J. says.
Stay Safe, Stay Home, Stay Engaged!
During this period of adjustment to working and learning remotely, ActivateNM powered by CNM Ingenuity hosted a several virtual learning series for startups and entrepreneurs in New Mexico. Below are a collection of previous sessions.
Changing for the Future Series
The Accelerated Future of Work and Training
Recorded June 19, 2020 (1 Hour)
In our final Stay Engaged session, we explored how New Mexico can retool and prepare for the future of work with technology, education, and investment with CNM Community College and Coronado Venture Forum.
Alternative Biz Models for New Mexican Companies
Recorded June 12, 2020 (1 Hour)
In this session NM EDD, Santa Fe Innovates, Cooperative Catalyst of NM, and ActivateNM for a collaborative session about restructuring our companies and leveraging resources available.
Active Investing with Kickstart Seed Fund
Recorded Jun 5, 2020 (1 hour)
In this session, we speak with investors from Kickstart Seed Fund to talk about investing during the pandemic.
Future of NM Tech Startups
Recorded May 1, 2020 (1 hour)
COVID-19 is a once-a-century event, and thus hugely disruptive to numerous industries. In this session, Dale Dekker, principal at Dekker/Perich/Sabatini, as well as active angel investor, will discuss the technology disruption and opportunities resulting from the pandemic and how NM startups specifically can embrace the opportunity to provide the solutions we need in the future. He’ll share specific examples and recent conversations with experts from around the state. Don’t miss this insightful session that will spur your thinking to embrace the best opportunities on your entrepreneurial journey.
Startup Real Talk Series
Startup Real Talk with HeroWear
Recorded May 29, 2020 (1 hour)
In this session, we speak with mentor Mark Harris of HeroWear about the assumptions of entrepreneurship.
Startup Real Talk with Ganymede Games
Recorded May 22, 2020 (1 hour)
In this session, we speak with Las Cruces based startup Ganymede Games to talk about the real deal challenges they are facing with COVID-19 pandemic.
Startup Real Talk with AdWallet and Electric Playhouse
Recorded May 15, 2020 (1 hour)
In this session, we speak with local startups AdWallet and Electric Playhouse to talk about the real deal challenges they are facing with COVID-19 pandemic.
Skills You Need to Survive
Unit Economics for companies in the age of COVID
Recorded May 8, 2020 (1 hour)
In this session, mentors David King and Entrepreneur Zach Spangler give an explanation of Unit Economics as a concept and participants go through a worksheet
Recorded April 24, 2020 (1 hour)
In this session, mentor Rick Shor from Microsoft gives an explanation of planning for risk management.
Record April 17, 2020 (1 hour)
In this session, mentor Jennie Grau explains what is Active Listening and how we can apply it to our startups and teams.
Crisis Funding Series
Our second learning series was on funding strategies for startups during the pandemic with Mentor TJ Cook.
Session 1: Impromptu Meeting with TJ Cook about Funding Options for New Mexican Entrepreneurs and Small Businesses
Recorded April 1, 2020 (45 mins)
In this session, Mentor TJ Cook shares resources for local startups to help during the COVID-19 pandemic.
Session 2: Startup Funding & Strategy Options during COVID-19
Recorded April 10, 2020 (1.5 hours)
In this session, TJ Cook and guests talk about some of the following:
- Analysis of federal, state, and CABQ funding options
- The state of angel and venture capital for startups during/post COVID-19
- Discussion on how to manage & pivot during COVID-19
- Discussion of potential opportunities post-COVID-19
Product Management Series
Our first learning series was on Product Management with Mentor Mark Berman. It was a three-part series about startup product management.
Session 1: The Importance of Product Management for Startups
Recorded on March 25, 2020 (1 hour)
In this session, Mark walks us through the day in the life of a product manager.
Session 2: A Deeper Dive into the Product Lifecycle
Recorded on March 27, 2020 (1.5 hours)
In this session, Mark takes a deeper dive into real-life examples of product management.
Session 3: Ask Us Anything: Your Questions on Product Management
Recorded April 3, 2020 (1 hour)
In this session, Mark takes questions from local startups and answers them.
Activate New Mexico (ActivateNM) helps tech founders build valuable businesses that are going to disrupt a particular market through big visions and innovative, transformative ideas. We love New Mexico, and we believe entrepreneur-led economic development creates opportunities that lead to prosperity. We are committed to nurturing New Mexico’s entrepreneurial community and thus, promoting prosperity in our state. Learn more about us on our About Us page.
The program puts a ton of business value into the hands of entrepreneurs who stand to benefit the most. We’re eliminating the question of accelerator vs incubator for these founders and instead of providing operational support so that they can stay focused on the essential questions: Who is my customer? What is my product and business model? How can I get to market efficiently and sustainably?
“It will boost our efforts to continue building the accelerator and create a more robust pipeline of startup deal flow,” said Kyle Lee, executive director for CNM Ingenuity, a nonprofit that manages all of the college’s commercial activities. “It will also help expand our seed fund by getting the word out to more folks about our efforts to raise money to invest in companies.”
Perhaps most important, the merger strengthens both entities’ ability to provide educational services and resources to support local entrepreneurs and economic development, said CNM President Kathie Winograd.
“ABQid is a successful, established and respected brand in our community that has been a key player in advancing the resurgent entrepreneurial movement in the Albuquerque area,” Winograd said in a prepared statement. “We can’t wait to help build on that momentum by providing ABQid with the substantial support, expertise and resources that exists within CNM ingenuity.”
“We help the entrepreneurs understand the language of business, financing, working with numbers and building capacity,” said Julianna Silva, managing director of the WESST incubator. “The combination of ABQid’s lean startup methodology with our capacity training provides a robust wrap-around system for companies as they explore business opportunities.”