Entrepreneurship

Small business start-ups, solo-workers, technology commercialization, business accelerators and incubators, maker spaces, and equity symposiums, etc.

Strategies

  • Assure a hip and cool place with amenities conducive to cultivating entrepreneurship
  • Create a climate for entrepreneurs and forward thinking businesses that encourages, supports and nurtures breakthrough ideas, technologies and game-changing concepts that few places can offer
Kono Ice Food Truck on Lawn
  • Create mid-level equity fund for emerging companies ($1 million to $4 million revolving every 5 years. This could come from the State Investment Council’s Equity Investment Fund)
  • Facilitate access to capital at different levels (Main Street, microenterprise, innovation-led, second stage, etc.)
  • Increase awareness of lending capital by facilitating access to micro lenders, Accion, WESST, NM Loan Fund, La Montanita Coop’s LAM fund, etc.
  • Increase broadband fiber optics throughout the region and affordable access to it
  • Increase funding for economic development marketing to bring awareness of the Albuquerque Metro region
  • Increase the number of technical assistance providers to retain and expand local businesses
  • Invest in and support Innovate ABQ, State and local funds for business investment
  • Market the region to interested companies, talent through Ingenuity Central
  • Recruit and retain millennial talent to our region
  • Support business incubation programs, such as WESST, Mixing Bowl, Keshet, Biosciences Center, Fat Pipe, Innovate ABQ
  • Support entrepreneurial development, such as boot camps, ABQid, 1 Million Cups, Deep Dive Coders, Creative Startups, Keshet, C3, etc.
  • Support maker spaces that allow entrepreneurs to develop prototypes, interact with practitioners, etc.

Key Partners

  • ABQid
  • Accion
  • Bernalillo County
  • Biosciences Center
  • City of Albuquerque
  • City of Rio Rancho
  • CNM
  • Creative Startups
  • Fat Pipe
  • Innovate ABQ
  • Innovation Center
  • Keshet
  • Keshet Ideas
  • La Montanita Coop
  • The Mixing Bowl
  • New Mexico Loan Fun
  • Sandoval County
  • UNM
  • WESST

Measures

  • Annual participants in 1 Million Cups increases each year
  • At least one public Maker Space by 2019
  • An increase in the amount of public investment in local companies
  • Number of new start-ups increase year over year
  • Number of Start-up weekends and other events to attract entrepreneurs
  • Number of successful businesses with revenue growth and/or expansion plans
  • Numbers of participants in local entrepreneurial mindset training increases each year
  • State Investment Council makes at least one investment in a private company each year