LAS CRUCES, NM – The New Mexico Clean Energy Resiliency and Growth (NM CERG) cluster will offer the EnergySprint online accelerator to startups working in clean energy technologies in Las Cruces and other sectors of the state.
EnergySprint is one of several modules under NM CERG, a cluster that serves as a catalyst to grow a regional energy innovation ecosystem by providing access to programs and resources to support and grow clean energy technology businesses with broad impact in New Mexico.
New Mexico State University (NMSU) reported that the agency is seeking startups working in the clean energy space to apply for the free accelerator, which will take place April 20 through May 25. The application deadline is March 31 and selected participants will be notified on April 10.
“Our sprint model facilitates connections between entrepreneurs and stakeholders, allowing for better integration into the entrepreneurial ecosystem and relationship building for potential investments,” said Dana Catron, deputy director of the Arrowhead Center and director of NM CERG.
NMSU pointed out that EnergySprint is an intensive, generations-based accelerator that guides cleantech founders through technology market validation, with an emphasis on customer discovery, market awareness, commercial potential and raising capital from investors.
Accelerator sessions include presentations, discussions, feedback, goal setting and mentoring by clean energy experts. Each session hosts at least three mentors and advisors to help drive startup traction from the following areas: technology development, commercialization and capital.
In addition, each participant has access to weekly one-on-one meetings with an Arrowhead team member or mentor who provides personalized assistance and addresses individual questions and concerns.
Carlos Murguía, director of the EnergySprint program, said that during the sessions, founders receive guidance from mentors and advisors to set goals, network with experts working at the frontiers of cleantech research, define next steps and capital raising strategies.
Advisors and mentors include accomplished entrepreneurs, experienced operators, active angel and venture investors, scientists, engineers and world-renowned economists.
To be eligible to participate in EnergySprint, startups must be based in New Mexico, have plans to relocate to New Mexico, or have a technology that impacts New Mexico. Participants must also be available to attend a weekly two-hour virtual session during the initiative to meet and work.