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New Mexico’s first clean energy technology support pipeline is now looking for applicants ready to take their business ideas or a business already up and running to full market readiness.
New Mexico State University’s Arrowhead Center is seeking entrepreneurs and startups working in the clean energy space to apply to NM CERG (New Mexico Clean Energy Resilience and Growth), which is a development, validation and growth model for lean energy tech companies in the state.
Funded through the U.S. Department of Energy (DOE), Arrowhead’s goal for any business – a startup or one along the path toward product or service development – is market readiness and being primed for investment.
“No single program in New Mexico has tackled taking clean energy technologies from very early stage to investment readiness using an integrated, streamlined pipeline model,” said Arrowhead Center Deputy Director Dana Catron. “NM CERG is aiming to capitalize on regional strengths in clean energy, and strong partnerships with Los Alamos National Laboratory, Sandia National Laboratories and the New Mexico Economic Development Department will allow New Mexico startups to leverage their expertise to commercialize game-changing technologies.”
Los Alamos and Sandia will provide NM CERG participants access to lab expertise, facilities and domain experts for technology validation. NM CERG will also work with regional stakeholders to create opportunities for businesses to focus content on regional needs.
“While Arrowhead assists in many areas of business growth and development, NM CERG is different in the fact that it is very structured and speaks directly to a company’s individual needs for both technical and commercial assistance, and matches them to the best opportunities for success,” said Arrowhead Senior Economic Development Officer Del Mackey. “By covering market discovery, non-equity and third-party investment, and strong technical maturation with our lab partnership, we will match the business to what it needs to grow at the stage they are in.”
Arrowhead Center will host different modules for businesses, to help find the right fits for their individualized needs.
The modules that businesses have access to will include:
An intellectual property training course, an investment preparedness training course, a DOE-focused Arrowhead Center Small Business Innovation Research and Small Business Technology Transfer Accelerator program, a pitch competition in the third year for investment-ready clean energy companies, Arrowhead Center’s EnergySprint program, expanded resources for the New Mexico Federal and State Technology (NM FAST) partnership program and access to a clean energy-focused Arrowhead Ventures and Enterprise Advisor Network.
“We expect the deployment of a robust pipeline of programmatic services and assistance will help clean energy companies launch, grow and scale their business, moving them closer to commercialization, and priming them for investment opportunities,” said Arrowhead Center Director and CEO Kathryn Hansen. “We are poised to have New Mexico business make a profound impact on the growth of clean energy solutions that are needed for the future.”