ALBUQUERQUE, N.M. — After graduating last month from the ABQid business accelerator, six new companies focused on health and wellness issues have hit the streets to fully develop and market novel technologies.
Only two of them were launched by people in New Mexico. ABQid recruited the rest from other states, and one from Egypt. Of those, three are now pursuing their businesses here.
That out-of-state recruitment, combined with the accelerator’s new “themed” approach to focus on companies working in just one industry, successfully propelled the program in a new strategic direction that can both intensify the accelerator’s impact on startup development while also bringing new businesses to the state, said ABQid Executive Director T.J. Cook.
The accelerator, which launched in 2014, had previously accepted a broad mix of companies working in a range of industries, nearly all of them from New Mexico.