For Immediate Release
The eight-week program will feature a series of four workshops to help early-stage entrepreneurs in Northern New Mexico
February 6, 2018—Los Alamos, NM—Los Alamos-based coworking space, projectY cowork Los Alamos, has partnered with Albuquerque entrepreneurial accelerator program ABQid to launch a new eight-week program to assist individuals who are starting a business in Northern New Mexico. The projectY Lean Startup Bootcamp, hosted by projectY cowork in Los Alamos and facilitated by ABQid, is free for up to 10 participants thanks to funding provided through a Los Alamos National Laboratory Major Subcontractors Consortium Economic Development Industry Cluster Grant.
The program, based on the Lean Startup methodology, is open to entrepreneurs located in and north of Santa Fe who have identified a market problem or need, as well as a proposed solution, and are committed to moving forward with their idea. Applications, available at the end of February and closing March 16, will not discriminate against industry type or market scope; participants may range from high-growth technology companies to mom-and-pop lifestyle business concepts. Instruction provided to each participant through the projectY Lean Startup Bootcamp is valued at $2,400.
The series of 4 two-hour workshops will run every other week in April and May 2018, and participants can also expect a minimum of 10 hours of self-paced work outside of each workshop. Each workshop’s format will include both instruction as well as hands-on activities among participants, and cover topics ranging from customer discovery and product/concept testing, to self-assessment and team formation, as well as basic business concepts such as equity allocation.
“ABQid believes in entrepreneur-led economic development, so we’re excited to launch this program in conjunction with projectY cowork Los Alamos, which shares our vision of equipping entrepreneurs with the resources and knowledge they need to start successful companies here in our state,” said T.J. Cook, executive director of ABQid. “We want to push entrepreneurs into thinking boldly about their ideas, busting their own assumptions, and translating early ideas into tangible businesses that thrive in the local ecosystem.”
Cook explained the program will be different from the typical ABQid Accelerator in that it has fewer specific upfront requirements for applicants, as well as a shorter duration, but still focuses on similar concepts.
According to Lauren McDaniel, director of projectY cowork Los Alamos, part of projectY’s mission and efforts are geared toward helping diversify and strengthen the local economy by providing entrepreneurs, freelancers and others with a convenient, affordable space from which to work, grow and eventually expand their business into the broader community. In support of this vision, projectY has hosted more than 200 events and had over 2,500 individuals from around Northern New Mexico come through its doors for various entrepreneurial programming activities since its inception in June 2016. This is the first step the coworking space has taken to introduce a formal multi-week accelerator program.
Those who have successfully graduated from the projectY Lean Startup Bootcamp will receive a Certificate of Completion from ABQid and may also be eligible for select ABQid funding opportunities, promotional efforts and ongoing statewide network and partner events.
“We look forward to welcoming a cohort of entrepreneurial-minded individuals to participate in this new program and assess their business concept in a strategic, methodical way,” said Patrick Sullivan, executive director of Los Alamos Commerce and Development Corporation, the private, non-profit that operates projectY cowork. “The series of workshops will also assist early-stage companies with eventual recruitment, as the founders will have done some actual groundwork related to their prospective customer base and will have not only validated their technology or concept, but also identified the business opportunity.”
To express interest and receive alerts when the program is accepting applications, contact Lauren McDaniel at [email protected]. The program is currently anticipating hosting the workshops either Wednesday or Thursday in the late afternoon/early evening timeframe, but will defer to preferences from the majority of interested applicants.
ABQid is a business accelerator that launched in 2014 with financial backing from the city of Albuquerque. The organization strives to democratize entrepreneurship by providing aspiring entrepreneurs with the knowledge, power, resources and network they need to be successful in their business. Its staple ABQid Accelerator is an intensive, three-month program modeled on the Lean Startup methodology that supports high-growth startup companies in finding the most rapid and efficient paths to market for their products, with the ultimate goal of acquiring additional funding from a network of investors. Teams establish new connections with professional networks of serial entrepreneurs and investors who can help them navigate the often complex process of creating their startup. For more information, visit http://www.abqid.com.
About projectY cowork Los Alamos
projectY cowork is a coworking space based in Los Alamos, New Mexico that serves as a hub for startups, freelancers and others to be connected to like-minded entrepreneurs, business experts, investors and mentors who will help them achieve their personal and professional goals. In addition to providing an affordable, modern workspace for locals, projectY also regularly brings in experts to conduct entrepreneurial workshops and other events. It is an initiative between Los Alamos Commerce and Development Corporation, Los Alamos County, Los Alamos National Laboratory (LANL) Feynman Center for Innovation, Regional Development Corporation (RDC) and LANS, LLC. For more information, visit www.projectYLosAlamos.com.
About Los Alamos Commerce and Development Corporation (LACDC)
Los Alamos Commerce and Development Corporation (LACDC) is a private, not-for-profit economic and community development organization serving the Los Alamos area since 1983. LACDC serves as the umbrella organization for the Los Alamos Chamber of Commerce, Los Alamos MainStreet, Discover Los Alamos, Los Alamos Small Business Center, projectY cowork Los Alamos and the Los Alamos Research Park.