We're excited to announce that we are once again accepting applications to ActivateNM, our hybrid accelerator-incubator program with WESST! Applications close March 1, 2019, and the program begins April 1.
We’re looking for 3-5 of New Mexico's most promising software startups with high growth potential to participate in ActivateNM's immersive 8-week curriculum, which is followed by ongoing weekly sessions to drive achievement on key growth milestones. Companies accepted will join ActivateNM's growing community of startups, gaining access to invaluable networks of support and learning opportunities.
About the Program
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?
For our Spring 2019 program, we seek early stage software or software-enabled startups to join ActivateNM. This typically means companies are pre-launch and/or pre-revenue, with little to no outside funding raised. Your technology product need not be market ready to apply, but you 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, one or more founders in the cohort will workshop their company while others observe and participate in a fishbowl-style format. The topics we'll cover include:
- Startups, high-growth mindset
- Lean Startup
- Team, Brand, Culture
- Product, Business Model
- Marketing and Sales
- Corporate and Legal
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.
Entrepreneurs will be 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.