In spring 2018, we started exploring what would happen if we merged ABQid’s expertise in startup acceleration with WESST’s expertise in business incubation. The result? ActivateNM, our new hybrid accelerator-incubator model that brings together the best of both worlds!
We’re now accepting applications to ActivateNM and seeking applications from early-stage software or software-enabled companies! Companies should be based in New Mexico, be pre- or early-revenue, and have an eagerness to achieve key growth milestones with support from ABQid, WESST, a team of mentors, and fellow cohort participants.
Built on the pillars of “disrupt,” “build,” and “community,” ActivateNM promises to provide cohort companies with the wrap-around support they need to quickly achieve company milestones and become competitive pursuers of equity-based programs, angel investment, or other funding models. Our new program will provide entrepreneurs with a ton of business value and know-how and extensive operational support. Our hope is that by providing these resources through the program, participants 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?
Our new cohort-based hybrid model is unique from previous ABQid accelerator cohorts in that,
- This is a no-equity program. Instead, ActivateNM helps companies figure out which of several funding mechanisms makes the most sense, and then helps them prepare to engage with those sources.
- Companies receive a stipend to help cover expenses, but must also pay a small monthly fee to be in the program. The idea is that by paying to participate, founders will feel accountable to themselves, their team, and their fellow cohort members.
- Office space, amenities, and hands-on support from experts are included. Previously companies were responsible for contracting with experts such as accounting, marketing, or software consultants on their own. Now they can count on a certain amount of value being provided through the accelerator itself and the extensive resources already available through WESST and ABQid.
If you’re ready to start defining and working towards growth milestones in your software or software-enabled company–or know someone who is–apply today! ActivateNM begins October 15, 2018, and we are accepting applications now through September 7.If you have any questions, please contact us at firstname.lastname@example.org.