Register Now for ActivateNM Demo Day December 7

Register here! Join ABQid and WESST at the 2018 ActivateNM Demo Day December 7 from 3-5pm at WESST Enterprise Center! Leaders from the entrepreneurial community will cast vision for the new year, and five startups will pitch their companies after incorporating learnings from an eight-week Lean Startup program during which guest facilitators shared first-hand stories of lessons learned as well as important practices when building high-growth companies.

Awesome food and beverage will be on hand for the celebration, and you’ll be inspired for your startup journey.

Here’s a sneak peak at the five software and software-enabled companies pitching:

  • CustomCult. Custom Cult provides software and hardware to enable mass customization of snowboards and skis.
  • FruitStand Technology. With subscription-based web design and marketing services, FruitStand’s highly vetted technical professionals keep “main street” company websites sites fresh, and their customers happy.
  • Hangerang. Hangerang helps users quickly find, create, and share in-the-moment local happenings – growing IRL connections and boosting local economies.
  • Schedule My RentSchedule My Rent allows busy property owners and landlords to save time by screening tenants, automatically collecting rent, and more.
  • Think UbiquitousThink Ubiquitous’ platform offers scientists visualization and analysis tools that make their important research immediately accessible and usable.

Download the flyer and share with a friend!

Also, we can’t say thank you enough to the amazing Guest Facilitators and Mentors who covered critical topics for high-growth startups and shared first-hand experiences that each startup was able to apply directly to problems they’re facing:

Register here!

Announcing five companies participating in ActivateNM!

Alongside our partners at WESST, we’re excited to announce five companies accepted to ActivateNM, a new hybrid startup accelerator program for early-stage New Mexico based businesses with high-growth potential.

After passing through a competitive application process, the startups chosen address problems in a variety of industries but share the common thread of having a software or software-enabled product. They are:

  • CustomCult. Custom Cult provides software and hardware to enable mass customization of snowboards and skis.
  • FruitStand Technology. FruitStand Technology is a highly curated marketplace for technical professionals across the globe, providing subscription based website, design and marketing services.
  • Hangerang. Hangerang enables users to quickly create, share, and participate in real life social experiences to combat loneliness and increase traffic for local businesses.
  • Schedule My Rent. Schedule My Rent helps landlords by dramatically reduce the time and effort of property management with simple and powerful online services.
  • Think Ubiquitous. Makers of the Tellus Data Platform which provides tools to streamline and monetize the skills and expertise of individuals and small groups.

Starting October 15 and ending in a public Demo Day December 7 at WESST, ABQid and WESST will host a Lean Startup based curriculum facilitated by experts in the local startup community. Guest Facilitators will include experienced executives from TechGrindBoomTime, DescartesLabs, and BabyPage, as well as expert service providers such as Lerner Venture Law, Peacock Law, and Slide 12.

In addition to the facilitated weekly sessions, companies are mentored by Lean Startup experts who will attach to individual teams for the duration of the eight weeks, helping them apply principles to the big customer acquisition milestones they need to achieve to prove their model.

Participating companies will also have access to coworking space, shared infrastructure, and staff consulting in the award-winning WESST Enterprise Center in the heart of Albuquerque’s Innovation District.

The Lean Startup method, which is a proven method for developing and managing startups, has been adopted the world over. Since 2014, ABQid has trained over 500 New Mexicans in the method and invested in 31 local companies who embody Lean practices in their early formation. For over thirty years, WESST has provided foundational business and financial consulting that all businesses need to grow.

Finally, 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 startups to achieve the milestone(s) they set out to hit. Typically, companies will be expected to move through the program in 3-6 months.

The program is sponsored by the City of Albuquerque.

 

We’re now accepting applications to ActivateNM: Apply by Sept. 7, 2018!

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,

  1. 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.
  2. 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.
  3. 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 info@abqid.com.

ABQid Partners with the Air Force Research Lab

We’re excited to announce a new partnership with Air Force Research Laboratory Tech Engagement Office to develop new ways to connect the Laboratory with existing technology businesses and entrepreneurs in New Mexico. The agreement is part of AFRL’s desire to accelerate innovation by working more effectively with the private sector, and ABQid’s desire to help build successful high-growth companies in New Mexico.

The goal is to better familiarize the private sector with the technological needs of the Air Force and engage them to help address those needs by creating commercially viable solutions for the Air Force.

“For the Air Force to maintain its edge in protecting this country, we must be more innovative and be able to adapt quickly to changing technology. That can be a challenge for the government. We see entrepreneurs and innovators in the private sector as an underused resource to assist us with this challenge by bringing their innovation into our labs and helping us find nimble solutions,” said Matt Fetrow, Director of the AFRL TEO.

ABQid and the AFRL TEO will follow a lean process over the next couple of months to identify synergies between Air Force technological needs and existing industry capabilities. We’ll then develop programming designed to better connect the two.

“We know that New Mexico has some very successful innovative tech companies, and we believe that we can bring them into a space where they can work towards solutions for AFRL as while creating products that are commercially viable,” said T.J. Cook, Executive Director of ABQid.

Apply now for the projectY Lean Startup Bootcamp in Los Alamos

We’re excited to announce the projectY Lean Startup Bootcamp in Los Alamos! The new eight-week program will assist individuals starting a business in Northern New Mexico (in or north of Santa Fe). Thanks to generous sponsorship, the program is free for up to 10 participants. Click here to apply.

The program, based on the Lean Startup methodology, is open to entrepreneurs located in and north of Santa Fe who have identified a market problem or need, as well as a proposed solution, and are committed to moving forward with their idea. Applications, available at the end of February and closing March 16, will not discriminate against industry type or market scope; participants may range from high-growth technology companies to mom-and- pop lifestyle business concepts. Instruction provided to each participant through the projectY Lean Startup Bootcamp is valued at $2,400.

The series of 4 two-hour workshops will run every other week in April and May 2018, and participants can also expect a minimum of 10 hours of self-paced work outside of each workshop. Each workshop’s format will include both instruction as well as hands-on activities among participants, and cover topics ranging from customer discovery and product/concept testing, to self-assessment and team formation, as well as basic business concepts such as equity allocation.

If you’re a New Mexico-based business located in or north of Santa Fe, consider applying! projectY is an awesome partner, having hosted more than 200 events and had over 2,500 individuals from around Northern New Mexico come through its doors for various entrepreneurial programming activities since its inception in June 2016. Our partnership is the first step the coworking space has taken to introduce a formal multi-week program.

Graduating participants will receive a Certificate of Completion and may also be eligible for select ABQid funding opportunities, promotional efforts and ongoing statewide network and partner events.