New Mexico State University’s Arrowhead Center has extended the application deadline to June 18 for a new accelerator program open to all types of business startups that are located anywhere in New Mexico with plans to sell products or services to customers outside the state.
Offering participants $2,000 to accelerate their business, BizSprint is the latest in a series of Arrowhead Accelerator programs being provided by Arrowhead Center, NMSU’s entrepreneurship and innovation hub, through funding from New Mexico Gas Company, an Emera Company.
A four-week accelerator program designed to launch successful businesses in the state of New Mexico, BizSprint is modeled on the Aggie I-Corps program and designed to support growth-driven companies. Teams do not need any prior NMSU affiliation to be considered, and selected businesses can participate in the program’s curriculum and its weekly workshops virtually or in-person, making BizSprint accessible for entrepreneurs all across New Mexico.
Each team has a required structure, including an entrepreneurial lead based in New Mexico, a technical lead and a business mentor, and Arrowhead Center can help connect applicants to potential team members who could fill any roles that are missing. Teams will conduct market research and those that successfully complete the curriculum will receive $2,000 to further advance the business. Each team will also receive access to additional follow-on funding through Arrowhead Innovation Fund and mentorship through Arrowhead Innovation Network Ventures.
“Businesses that can scale and sell outside the state are critical for developing New Mexico’s economy,” said Kramer Winingham, director of Aggie I-Corps, NMSU’s National Science Foundation Innovation Corps Site at Arrowhead Center. “They promote local economic growth by bringing jobs and income into the local economy, and these are the types of businesses we plan to support through BizSprint.”
As an additional benefit, BizSprint teams with businesses in a science, technology, engineering or technology field may also be granted eligibility to apply for NSF’s National I-Corps program, which includes a $50,000 award.
Applications for the summer cohort of BizSprint are open through June 18 at arrowheadcenter.nmsu.edu/bizsprint. The cohort will meet Friday mornings July 14 to Aug. 4. For additional information, contact Studio G at firstname.lastname@example.org.
By Amanda Bradford