The Scale Up New Mexico program, funded in part by the United States Economic Development Administration and housed at New Mexico State University’s Arrowhead Center, has announced the final selection of innovative startups participating in the 2023 Scale Up NM Pitch Competition.
The event showcases promising entrepreneurs and their groundbreaking ideas, and is set to take place Oct. 26 at Electric Playhouse, 5201 Ouray Rd NW, in Albuquerque.
After a rigorous and competitive selection process, the organizing committee proudly unveiled the list of startups chosen to participate in this year’s event. The companies selected have demonstrated outstanding potential for growth and innovation and represent a diverse range of industries and ideas.
The selected startups for the 2023 Scale Up NM Pitch Competition are:
MNT SmartSolutions
• IRP Technology
• Flow Aluminum
• Ventura Prototypes
• Hydrosonics
• Undesert Corporation
• Perspective Components
• Southwest Creek Engineering
• Scintellite
• Cheshir Industries
“We are incredibly impressed by the quality and diversity of the startup applicants we received,” said Carlos Murguia, Scale Up NM program manager. “These startups showcase the rich talent and innovation that New Mexico has to offer, and we’re excited to see how they will contribute to the state's economic development and technological advancement.”
The competition received more than 38 applications this year, reflecting the vibrant and dynamic startup ecosystem in New Mexico.
The 2023 Scale Up NM Pitch Competition promises to be an exciting event for both participants and spectators. Startups will have the opportunity to present their pitches to a panel of esteemed judges, venture capitalists and angel investors. The competition will culminate in the selection of the three best presentations, which will receive a cash prize, along with valuable mentorship and networking opportunities.
“We are thrilled to have such an impressive lineup of startups for this year's competition,” said Dana Catron, deputy director at Arrowhead Center. “These entrepreneurs are at the forefront of innovation, and we believe that the Scale Up NM Pitch Competition will provide them with the exposure and support they need to take their ventures to the next level”.
The competition is one component within Scale Up NM, a comprehensive set of startup support initiatives designed to assist businesses involved in the early-stage development of technology. The program extends and enhances existing Arrowhead Center endeavors, including sprint business accelerators, Small Business Innovation Research/Small Business Technology Transfer support and commercialization assistance.
For media inquiries or further information about the 2023 Scale Up NM Pitch Competition, contact Murguia at cmurguia@nmsu.edu or visit https://scaleupnmpitchcompetition.my.canva.site/ .
The full article can be seen at https://newsroom.nmsu.edu/news/startups-selected-for-nmsu-hosted-pitch-competition-in-albuquerque/s/b70d1302-967f-473f-9259-3aa2957a6cfd