ALBUQUERQUE, N.M. — The ABQid business accelerator and Central New Mexico Community College are joining forces.
The accelerator has agreed to become part of CNM Ingenuity, a nonprofit that manages all of the college’s commercial activities, allowing it to absorb ABQid’s assets and programs, said CNM Ingenuity Executive Director Kyle Lee. The boards of both entities approved the merger last week, although final details are still being worked out.
No cash has changed hands in the deal.
“It’s a merger of nonprofits that will bring ABQid under the CNM Ingenuity umbrella,” Lee told the Journal Monday.