NM venture capital still in recession (ABQ Journal)

  By Kevin Robinson-Avila / Journal Staff Writer PUBLISHED: Monday, June 16, 2014 at 12:05 am The latest tally of venture capital investment in New Mexico shows funding for local startups barely has budged since the recession knocked the industry on its heels. Less than $42 million in venture funds flowed into local companies last year, according to newly complied statistics from the New Mexico Venture Capital Association. That’s virtually unchanged from 2012, when investors pumped about $40 million into local startups, and it’s just…

Executive’s Desk: Simplify a seed-stage startup fund search

SOURCE: Albuquerque Journal & Finance NM By Bill Hartman/For the Journal PUBLISHED: Monday, March 31, 2014 at 12:05 am HARTMAN: Offers tips on startup fundingI’m not a venture capitalist, but I’ve headed up several successful technology startups and recently ran an early stage software company that raised almost $2 million in “seed stage” funding. I’m now leading a pre-revenue New Mexico startup raising our first equity-based funding. As anyone who has done this knows, raising startup funding in New Mexico is challenging – partially because…

$1M sought for UNM tech startup seed funding

SOURCE: Albuquerque Journal By Kevin Robinson-Avila / Journal Staff Writer PUBLISHED: Monday, March 24, 2014 at 12:05 am Copyright © 2014 Albuquerque Journal The University of New Mexico may be putting more skin in the technology transfer game with a new $1 million fund to invest up to $100,000 in startup companies working to take UNM inventions to market. The UNM Foundation and the directing board of the Science and Technology Corp., which manages UNM’s technology commercialization, agreed to create the fund if regents approve…

Angel Investment Co – Zocere in MedCity News

New Mexico startup looks to bring to market a drug to stop brain injury during stroke March 14, 2014 5:58 am by Deanna Pogorelc of MedCity News One of the most challenging things about the gold standard for stroke treatment, the drug tPA, is that to most effectively prevent long-term brain damage, it has to be given within three hours of stroke onset. A New Mexico drug startup called Zocere isn’t trying to replace tPA, but rather to act as a protector to neurons in…

Angel Investment Co – Zocere names new CSO

Zocere Appoints Zavitz as Chief Scientific Officer Zavitz adds depth to leadership team as company seeks to accelerate development of promising injectable neuroprotectant drug. Albuquerque, N.M., February 11, 2014 – – New Mexico-based pharmaceutical company, Zocere, Inc., has named Kenton H. Zavitz, Ph.D. as its chief scientific officer. Zocere is developing an injectable neuroprotectant drug designed to combat brain injury resulting from stroke and other head trauma such as concussion. Zavitz has more than 15 years of biotechnology and pharmaceutical experience with involvement in all…

Governor Martinez Proposes Angel Tax Credit Expansion

Gov Martinez Angel Tax

New Mexico Governor Susana Martinez held a press conference Thursday announcing a series of proposals designed to encourage innovation and investment in technology companies. The most notable of which was a proposed expansion to the New Mexico Angel Tax Credit. The bill, supported by Rep. Jane Powdrell-Culbert, is aimed to raise the maximum individual investment cap from the current, $100,000 to $250,000 in investments for up to five companies. This raises the overall credit from $750,000 to $2 million. In a press release put out…

NM Angels Kick Some More UNM Technology Tires

The STC.UNM & New Mexico Angels Technology Showcase was bigger than ever! When we started this event 4 years ago, we didn’t have any start-up companies to showcase. This year we had six! That’s companies created from UNM technology, based in New Mexico, creating jobs here at home. Big thanks to the Kevin Robinson-Avila for covering the event, his article is reprinted below. SOURCE: Albuquerque Journal By Kevin Robinson-Avila / Journal Staff Writer | Thu, Dec 5, 2013 The University of New Mexico appealed to…

Editorial: UNM tech projects get the gift of angel wings

Thanks to all who attended the STC.UNM and New Mexico Angels Technology Showcase. The Albuquerque Journal’s Editorial Board wrote a fantastic piece on the event. AS PUBLISHED BY THE ALBUQUERQUE JOURNAL By Albuquerque Journal Editorial Board | Tue, Dec 10, 2013 Fledgling medical and engineering breakthroughs are getting wings that could allow them to take off on a path to commercial success. Four projects developed by University of New Mexico researchers recently received support from New Mexico Angels, investors who pool resources and provide venture…

Featured Sponsor: Technology Ventures Corporation

We couldn’t do it without Technology Ventures Corporation, period! TVC is celebrating 21 years of fostering ideas, talent, capital and community. In doing so, they have and continue to be the number one sponsor of the New Mexico Angels. They are our partner in identifying innovation and in hosting our Angel Bootcamps. TVC provides much needed services to entrepreneurs and the start-up community, without taking pay or equity from clients. Working to commercialize technologies and create jobs, John Freisinger and his team help entrepreneurs build…

October Member Meetings

Tuesday, October 22 in Santa Fe at the Rio Chama Steakhouse Wednesday, October 23 in Albuquerque at Yanni’s Meetings begin at 5:30pm. Join us to hear investment opportunities for our Angel members and network with the movers and shakers of New Mexico. Presenting companies will be announced 1-week before the meetings. AGENDA: 5:30 pm to 6:15 pm Networking 6:20 pm to 6:35 pm Announcements 6:40 pm to 7:10 pm Dinner 7:10 pm to 8:20 pm Company Presentations Dinner is FREE for current Members and Sponsors…

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