4 Companies Join ActivateNM Spring 2019 Cohort

Alongside our partners at WESST, we’re excited to announce four new companies who’ve been selected to join ActivateNM as part of the Spring 2019 cohort. ActivateNM is our hybrid startup accelerator-incubator program for early-stage New Mexico based businesses with high-growth potential, which we launched in October 2018. 

The new batch of startups who are joining ActivateNM address problems in a variety of industries, but they share a common feature in that they all offer a software or software-enabled product. Companies selected include,

  • Conversion Plan. Conversion Plan offers a sales tool that increases sales organizations’ conversion rates by analyzing specific and historic opportunity data stored in the organization’s CRM and outputting a conversion plan consisting of action items and deadlines to ensure the deal is won in the forecasted timeframe.
  • Donor Jar. Donor Jar enables political campaigns to connect to donors with aligned values and easily process donations through a website plugin that makes taking donations via debit/credit card simple and also collects important FEC reporting data.
  • Nimble Compensation. Nimble Compensation helps automotive dealerships significantly reduce errors and time spent during the commission calculation process by automating and streamlining the operation.
  • Well Known Corporation. WellKnown Corporation is on a mission to build the world’s best community for creative students to share, learn and grow and offers a knowledge-sharing platform for college students to create and and access helpful content related to the collegiate experience.

ActivateNM kicks off tomorrow, April 3 2019. Over 8 weeks, cohort companies will be guided through immersive workshops with business professionals from around the Albuquerque and New Mexico entrepreneurial ecosystem. Topics we’ll cover include lean startup, customer development, team and organizational development, market definition and segmentation, marketing & sales, corporate and legal issues, fundraising and finance, and pitch coaching & presentation. Cohort companies will also be supported by an extensive network of professional mentors who will provide the diverse support needed to build a successful startup. And remember to mark your calendars for ActivateNM Demo Day on May 24, 2019, 4-5:30pm at WESST Enterprise Center. Follow us on Facebook to stay up-to-date.

Lastly, we’d like to give an update on the companies who joined us for the first ever ActivateNM Cohort in October 2018. While two have graduated and are now part of the broader ActivateNM community, three companies are still participating in the ActivateNM incubator and working on their key growth milestones. Here’s what’s new:

  • CustomCult. Custom Cult graduated the program in March 2019 and is busy refining his customized snowboard production process. They’ve launched a slick new website, which customers can now use to purchase a customized snowboard. Head on over to www.customcult.com and check it out!
  • FruitStand Technology. During the ActivateNM cohort, FruitStand Technology defined their target market through extensive customer discovery, hired a Project Manager, took on new projects with early adopters and most exciting, is to formally launch their managed marketplace in April 2019. Check out https://fruitstand.tech/ to learn how they can help keep your website fresh for years to come!
  • Hangerang. After a lot of hard work refining their product and figuring out who their target customer is during the ActivateNM cohort, Hangerang is busy preparing to launch their platform in mid-April. Hangerang enables local businesses and individuals to share, promote and engage in real-life social experiences with their friends, family, and broader community. Head on over to https://hangerang.us/ to be the first to know when the platform launches!
  • Schedule My RentSchedule My Rent graduated the ActivateNM Cohort in March 2019 and is focusing on setting up meetings with investors and looking to scale rapidly over the next couple of months. The company continues to have a steady stream of revenue coming through their property management platform and during the cohort, they also launched a number of differentiated features, including the ability for landlords to receive their rent payments almost immediately, as well as for tenants to pay with cash through MoneyGram! Visit www.schedulemyrent.com to learn more about their property management platform.
  • Think Ubiquitous. Think Ubiquitous continues to build new data analysis tools using their Tellus Data Platform. After a significant amount of work defining and understanding their market, they recently began working on a new product, which will enable tech businesses and prospective employees to more easily and transparently navigate the technical interview experience. To find out more about this disruptive product and how you can be involved in helping with early test cases, visit www.think-ubiquitous.com.

If you’re a member of the Albuquerque or New Mexico startup or entrepreneurial community and are interested in getting involved in ActivateNM as a future cohort company, workshop facilitator, or team mentor, contact us at info@abqid.com, Subject: ActivateNM.

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.”