News
BY DREW TULCHIN AND DAVID PEREZ NEW MEXICO ANGELS Small businesses are the backbone of New Mexico. In fact, according to the Small Business Administration, New Mexico has 162,000 small businesses, most of them focused on recreation and tourism. One answer to moving New Mexico forward, which is rarely addressed by our elected officials, is supporting…
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Less than a month after plans for a $250 million-plus manufacturing facility near the Albuquerque International Sunport fell through, details have emerged on a new, multi-faceted “innovation hub” planned at the same site. David Perez, an entrepreneur and consultant based in Santa Fe, told Albuquerque Business First he and a group of about 60 people…
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The New Mexico Vintage Fund has fully deployed its second-round 2023 fund, investing in companies across New Mexico and in some headquartered in Santa Fe. Since the fund’s founding in 2022, it has raised nearly $4 million and invested in more than two dozen companies. The fund is gearing up for its third-round launch this…
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Thank you to UNM Rainforest Innovations for hosting us and to WESST for being a part of the event! During this hybrid seminar, Drew Tulchin, President of NM Angels, spoke about the different types of capital that you can access for your business, helped you understand the different requirements and barriers that exist for each,…
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A venture fund in New Mexico closed its second fund, investing around $2 million into 13 startups, with a third fund expected to start raising money soon. New Mexico Vintage Fund, a generalist microfund that launched in New Mexico in July 2022, announced June 12 it closed New Mexico Vintage Fund 2023 — the fund’s second…
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The UNM Anderson School of Management’s Center for Responsible Entrepreneurship hosted a pitch competition June 6 in Santa Fe, concluding its inaugural cohort of the entrepreneur-focused Accelerator Program. Read more about it here, as well their upcoming program starting in August 2024! Also, read about it here in the New Mexico Sun.
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The ecosystem of New Mexico is such that all work collaboratively to ensure local and regional investment to the benefit of individuals, organizations and institutions. I moved here from another part of the country where a larger population and deeper pockets help to ensure the future. The smaller population in New Mexico, with fewer financial…
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View recording here!
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By Drew Tulchin -For the Journal New Mexico’s economy is booming, especially for early-stage and high-growth local companies. Our startup ecosystem is solid. There are exciting announcements weekly of investment rounds closed, new customers signed up, senior hires made and partnerships established. Thanks to the many great organizations working daily with the mutual goal of…
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By Jacob Maranda – Energy and Technology Reporter for New Mexico Inno New Mexico’s angel investment tax credit, a way to incentivize more early stage investment in the state, received a five-year extension as part of a larger tax package signed by Gov. Michelle Lujan Grisham on Wednesday. House Bill 252, the omnibus tax package,…
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