Announcing Competitors & Tickets for Balloon Pitch 2019!

The field is set for an amazing Balloon Pitch 2019! This year’s event, powered by CNM Ingenuity and sponsored by the City of Albuquerque and more, features 8 startups and is being held at Vara Wines on October 3 from 10am-2pm. The event includes pitches with judge Q&A and feedback, as well as coffee, snacks, and a catered networking lunch. One winner will come away with $10k cash for their company and a Mass Ascension flight experience on the first weekend of the  Albuquerque International Balloon Fiesta, one of our amazing supporters!

Tickets are available now with special early bird pricing. Space is limited!

And now, the competitors:

  1. Adaptive Biomedical Design, offering Sidekick, an assistive technology product that promotes independence for wheelchair users.
  2. EasyFlo, the company with an eco-friendly baby bottle that eliminates the hassle and stress of feeding on the go while preserving our planet
  3. Legacy Concierge, elegantly removing the electronic footprint when a person passes away
  4. Lenties, providing crunchy roasted lentils that are delicious, convenient, cost effective, healthy and sustainable
  5. MS Money Moves, providing a subscription investment analysis service to aspiring investors that provides otherwise out-of-reach expertise and a reduction in time spent on due diligence.
  6. PaintingBots, launching a robotic painting solution initially targeted at commercial operations. The future of painting is robotic.
  7. Perspective Components. Pioneering the world’s smallest mechanical stabilizer for devices and sensors.
  8. Schola, Inc., an online platform that helps match your child to the best school.

Read more about the event on the Balloon Pitch page, our investor judges, and get your tickets to see the pitches, network, and help build the entrepreneurial community!

Amazing Supporters

HUGE thank our amazing supporters helping to #ElevateYourPitch through the Balloon Pitch:

  • City of Albuquerque (Platinum)
  • Clifton Larson Allen (Gold)
  • Albuquerque International Balloon Fiesta (Gold)
  • Sorenson Capital (Silver)
  • Merrill Lynch Wealth Management (Silver)
  • Assure Services (Silver)

Join us Thursday, March 7 for a VC Meetup with Crosslink, Kickstart, and more!

Join us on March 7, 2019, 5-7pm at Lobo Rainforest for a Venture Capital Meetup with Crosslink Capital from San Francisco (investors in Descartes Labs, Ancestry.com, Pandora), California and Kickstart Seed Fund out of Salt Lake City, Utah (investors in AdWallet, Lucid, and Trilumina). The event will also feature representatives from Arrowhead Center, NMA Ventures, Sun Mountain Capital, Aspen Vista Capital, and ABQid Fund.

This event is an exciting opportunity for New Mexico entrepreneurs seeking venture capital to hear from and meet with top regional funds. After a panel and Q&A session, we’ll host a structured networking exercise in which attendees will have the chance to meet 1-on-1 for a brief period with the investors. ABQid Staff will facilitate these interactions to respect everyone’s time.

Heavy appetizers and beverages will be provided. This event is hosted by ABQid, powered by CNM Ingenuity.

RSVP now on Addmi (FREE)

Medicheck wins Ski Lift Pitch 2019!

We are excited to announce Mexico City-based Medicheck as winner of the fifth-annual ski-based pitch competition in Taos, New Mexico.

Ski Lift Pitch Contest began in 2015 after founding ABQid board member Katie Rice came up with the idea in order to attract more investors to the state. With the support of Taos Ski Valley, the event has successfully brought together snow-loving investors and startups for the past three years. Former Ski Lift Pitch Contest winners include Taos Mountain Energy Bars, UBQid, EquiSeq, and Twistle.

“Ski Lift Pitch is one-of-a-kind,” says Executive Director T.J. Cook. “Connecting entrepreneurs and investors through shared experience is one the biggest values we bring to New Mexico, and everyone who came to this year’s competition made connections that otherwise would been very difficult.”

Competitors on the mountain pitched four judges one at a time while riding up the ski lift. The judges then scored each pitch on a five-point scorecard to determine which of the four companies made it to the final round. Those three companies then pitched to a full crowd to separate group of judges from an indoor stage.

The three finalists were K&K Skin Products, iTherapyDocs, and Medicheck.

Medicheck, represented at the event by founder Dr. Juan Manuel Arellano from Guadalajara, Mexico and CTO Michael Herrick from Albuquerque, is a platform for digitization of medical information that has already partnered with over ten of the biggest hospitals in the country. The two met when Arellano was paired with Herrick in Albuquerque as part of the Young Leaders of the Americas Initiative (YLAI), a U.S. State Department program.

“The spirit of the event is to give entrepreneurs an opportunity to make meaningful connections with investors, and this year was the best yet with outstanding pitches, investors from around the country, amazing conditions at Taos Ski Valley, and, as always, tremendous energy throughout the day,” said Katie Rice, Founder of Ski Lift Pitch.

“Getting to know all of the judges and competitors helped grow my mindset about how this startup world works,” said Arellano. “Being able to go across borders and be not only in Mexico but now in the U.S. as well is amazing. The format of the event was so completely different–and I got to see snow as well.”

ABQid is Joining CNM Ingenuity

We’re excited to announce that both our nonprofit, ABQid, Inc., and our ABQid, LP venture investing fund will be merged into CNM Ingenuity, the non-profit subsidiary of Central New Mexico Community College which operates numerous entrepreneurial support an development programs across the state.

We’ll be continuing our work on initiatives like Hyperspace Challenge with AFRL New Mexico and ActivateNM with WESST, as well as our Ski Lift and Balloon pitch events. Joining up with CNMI’s extensive programs, capabilities and infrastructure will allow the ABQid, LP Fund to expand investing opportunities and multiply the value we deliver to startups. The end result? Better support and resources for NM startups with high growth potential, which is what we’ve always been about.

CNM Ingenuity was created in 2014 through the New Mexico Research Park Act. CNMI is already providing programs and support for entrepreneurs and pursues cooperative ventures that foster economic development and job creation. Ingenuity also advances new approaches to education that provide accelerated educational and training opportunities in key workforce areas.

You can read more about the announcement here.

5 Reasons to Apply to Ski Lift Pitch 2019

Applications for Ski Lift Pitch close January 11 @ 11:59pm MST. Don’t let your early-stage company miss out on this incredible opportunity to meet some of the best investors around at an event like no other!

Need a reason to apply? We have five!

  1. Connections. Ski Lift Pitch offers the opportunity to meet and make meaningful connections with investors from around the country who represent over $100m in deployable capital. You’ll be pitching your startup on the lifts at Taos Ski Valley. A discussion on a chair lift is special for a number of reasons including, a) the fresh air: adrenaline and forward momentum makes for memorable conversations; b) the full attention of the person you’re talking to since they can’t look at their phone (too cold to take off gloves and don’t want to drop it); and, c) a shared experience making a more memorable connection, meaning the investor you’re pitching is way more likely to be willing to help you out with connections and intros and advice in the future.
  2. Cash. A shot at the grand prize, $10K of capital (non-dilutive!) for your startup. Cash is pretty much everyone’s favorite.
  3. Networking. You’ll not only meet investors during the pitches; you’ll have a chance to spend the rest of the day skiing with them and other startup founders. You’ll get to know folks who can open doors, help you with intros, and provide valuable advice.
  4. Taos Ski Valley. A chance to spend a full day outdoors, skiing beautiful Taos Ski Valley–an amazing New Mexico experience. Startup founders work really hard and we don’t always take care of ourselves as well as we should. An active day of skiing is good for the body, mind and soul, especially for those of us who are overworked entrepreneurs. This year, we’ll also be hosting a panel with four Taos companies who have each innovated in their space and are putting this region on the startup map!
  5. Attention. You’ll be part of a unique experience and there’s always the potential to be included in some of the Ski Lift Pitch media coverage. Did you know that the ABQid Ski Lift Pitch has been covered by NPR not just once, but two separate times? See you at Taos Ski Valley!

So, should you apply?

If you’re actively seeking venture funding, have a startup with meaningful validation and traction for an innovative value proposition, and are ready to have productive conversations with investors, YES, YOU SHOULD APPLY. Just note that one of your team members needs to be able to ski or snowboard; and heads up, Taos is known for its steepness! The first round of pitching is done on the ski lifts. If your company makes the final round, a non-skiing member can then do the pitch from the stage.