ALBUQUERQUE, N.M. — This year’s Deal Stream Summit, New Mexico’s premier annual equity capital event, attracted some 200 investors and entrepreneurs to the Albuquerque International Balloon Museum on Wednesday.
Technology Ventures Corp., which organizes the event each year to connect promising local startup companies with potential investors, held the summit for the first time at the museum to coincide with this year’s Balloon Fiesta in an effort to attract more out-of-state participants, said TVC President and CEO John Freisinger.
“Usually about 20 to 25 percent of our participants come from other states, but we wanted to make a strong push this year to get even more people from out of town,” Freisinger said. “They can see some great deals and also enjoy some of what Albuquerque and New Mexico has to offer.”
Ten startups sought funding at this year’s summit, now in its 21st year. That included a number of software companies, some biomedical and pharmaceutical firms, and startups with products for oil and gas industry operations, green building, and advanced materials.
The firms sought as little as $250,000 and up to $5 million to continue developing their technologies, expand operations and build their markets.
One company, Ubiquitous Quantum Dots, sought a $900,000 investment to build industry partnerships and markets to sell inexpensive, non-toxic quantum dots that absorb light and then emit it back out in specific colors. Company founder and President Hunter McDaniel said the dots have potential applications in things like signage or in plastics to make them glow.
“They could be used in advertising, such as logos that glow in the sun,” said McDaniel told conference participants. “They could be used to make signage glow, such as street signs or stop signs.”
Most of the companies are commercializing technologies that were either originally developed at New Mexico’s national laboratories and research universities, or that received significant technical assistance from those institutions.
“There are some really good companies that area ready for investment,” said John Chavez, president of the local investor group New Mexico Angels. “There appears to be a lot of interest from investors participating in the summit.”
Typically, one out of every three companies that present at the annual event end up getting funded after the summit.