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Monday, May 12, 2008
System A Directory of Venture Capital Firms
By Andrew Webb
Of the Journal
New Mexico Community Capital, a “dual bottom line” venture capital investment firm, plans to dust off and improve Access 2 Capital – a Web-based road map of the state’s growing business financing industry originally created by the now-defunct nonprofit, Next Generation Economy Inc.
The system incorporates detailed information about all the state’s venture capital firms, angel and seed-stage investors, microlenders and other sources of crucial startup and expansion capital. It also includes investment tutorials and guides to making a business attractive to investors.
Included are descriptions of different investment firms’ target industries and business maturity stage to help would-be investment recipients narrow down their search for backing.
The four-year-old, Bernalillo-based venture firm, whose investors include the state, several banks and nonprofit philanthropic organizations, will incorporate Access 2 Capital, along with its newly launched interactive economic development calendar, “Ed,” into its various Internet and oneon-one programs designed to increase business activity and job creation around the state. The firm plans to call the Internet services Link New Mexico.
Besides its investment activity, NMCCap also offers Impact New Mexico, which, in cooperation with local Small Business Development Centers and other agencies, seeks to match businesses with experts who can help them improve, expand or survive a crisis.
“Once these businesses are stable, Link New Mexico is the next step,” said Leslie Elgood, New Mexico Community Capital’s interim CEO.
Access 2 Capital is not live yet, but will be hosted by NMCCap at www.a2c.org by the end of May. The “Ed” Calendar is live, at www.edcalendar.org.
It is designed as a one-stop clearinghouse for economic and community development-related events, such as business training, around the state.
NMCCap funds ABQ natural plaster firm
In other New Mexico Community Capital News, the venture firm late last month completed a $500,000 investment round in American Clay, an Albuquerque-based manufacturer of natural clay plaster products used for interiors of homes and businesses.
The plasters contain no volatile organic compounds and are counted toward green building certifications, such as LEED.
American Clay plaster was recently used in the home of Duke City pastor Gerald Martinez, which was remodeled for an episode of ABC’s “Extreme Makeover: Home Edition”
Mexico, N.M. reach tech agreement
While in Chihuahua City, Mexico with Gov. Bill Richardson last week, New Mexico Economic Development Secretary Fred Mondragon signed a memorandum of understanding with the Centro de Investigaciones en Materiales Avanzados, S.C. (Center of Investigation for Advanced Materials), or CIMAV, to collaborate on tech development projects.
In a phone interview from Mexico, Mondragon said the agreement would help both states capitalize on their “immense technology assets.”
“Basically, it’s to encourage and facilitate research and collaborative development between their and our labs,” he said.
The MOU seeks cooperation in four general science and technology realms — energy, environment and water issues; nanotechnology and high-tech materials; information technology and aviation and aerospace manufacturing technologies.
Andrew Webb covers technology for the Journal. You can reach him at 823-3819 or awebb@abqjournal. com.
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