ActivateNM is designed with three brand pillars in mind: disrupt, build, and community. Everything about the program is designed to help founders build valuable businesses. We seek cohort companies who are ready to disrupt a particular market through big visions and innovative, transformative ideas. Lastly, we believe that entrepreneurs are more likely to succeed when they are surrounded by a community of support. ActivateNM is committed to nurturing New Mexico's entrepreneurial community and thus, promoting prosperity in our state.
Who Should Apply?
We accept applications 2-3 times per year and seek early stage software or software-enabled startups to join the program. "Early stage" typically means companies that are pre-launch and/or pre-revenue, with little to no outside funding raised. Technology products need not be market ready to apply, but founders should have a working prototype (if a technical founder) or an advanced understanding of the problem you'll be solving (if a business founder). Businesses who have their first few customers or have raised some capital may also be a great fit. We like to see applications from founding teams rather than single founders, though solo founders who are ready to build their team are also encouraged to apply.
The ActivateNM curriculum is designed to give teams hands-on learning each week with a local business leader who is an expert on the topic. Each week, business leaders will workshop at least one cohort company, while other companies observe and participate.
The topics covered in the 8-week ActivateNM curriculum include:
- Lean Startup
- Customer Development
- Team & Organizational Development
- Product-Market Fit
- Customer Acquisition & Marketing
- Corporate and Legal
- Pitching and presentation
Commitment & Cost
While there is an 8-week curriculum outlay customized for each company in the cohort, the program itself lasts for as long as it takes for your startup to achieve the milestone(s) you set out to hit as part of onboarding. Typically, companies will be expected to move through the program in 3-6 months.
Those who hit their milestones graduate to become alumni and have the chance to join the NM Startup CEO Network. Those who fail to make progress for consecutive weeks or who otherwise invalidate their core business hypotheses will be asked to leave the program.
Accepted companies are required to participate in all Wednesday 11am-2pm sessions, attend workshops as determined during on-boarding, give full time effort (~40 hours/week) to your company, and connect at least weekly with the ABQid Program Director and your Team Mentor.
Some participants are eligible to receive a $2,000 scholarship to participate. Scholarships will be granted based on financial need. A monthly program fee of $100 is required for all participating companies.
ActivateNM Cohort Companies
A couple of times each year, ActivateNM accepts applications from early-stage software or software-enabled startups based in New Mexico. Take a peek at current and past cohort companies and the exciting startups they're building in New Mexico.
The success of ActivateNM cohort companies depends on the support of our extensive network of professional mentors. Mentors volunteer their time to facilitate workshops, mentor companies 1-on-1, and share their business knowledge to help companies make progress towards their key growth milestones.