CNM Ingenuity, $59,000
Creative Startups, $50,000
Nusenda Credit Union Foundation, $50,000
16 organizations applied for the 2016 prize,
9 finalists were selected and ultimately
4 organizations were selected.
$200,000 is being awarded to these
entrepreneurial support organizations:
CNM Ingenuity supports the FUSE Makerspace - a business incubator for fledgling entrepreneurs, a lab for developers, a production facility for manufacturers, a resource for community members and a hub of connectivity for credit and non-credit educational resources and workforce training programs.
Creative Startups supports Lobo Launch Labs, a 16-week bootcamp-styled program that will serve students in creative tech and innovation fields. The unique collaboration marries the startup expertise of Creative Startups with the student access of UNM Innovation Academy and the know-how of STC's tech transfer team.
Nusenda Credit Union Foundation Co-Op Capital program will support entrepreneurs with reliable access to affordable capital. Many businesses and potential entrepreneurs find themselves marginalized from traditional systems of securing capital because of a lack of credit history, poor credit score, or lack of collateral. Co-Op Capital will address this issue.
WESST Creative P.I.E. (Practice, Innovation & Enterprise) program serves artists, artisans, craftspeople, makers and food producers by offering core business financial literacy and business skills curriculum to creatives.