LAS CRUCES, New Mexico (KTSM) – The Arrowhead Center at New Mexico State University – the campus business development center – is expected to offer a five-week cohort-based virtual business program for start-ups and entrepreneurs in the Borderplex area. The cohort includes participants from Chihuahua, Mexico, Ciudad Juarez, Sonora, Mexico and El Paso.
The Borderplex Sprint is a five-week cohort-based virtual business creator for innovators in the Borderplex region. By focusing on the early stages of developing a product or service before a company invests significant time, money and resources, Borderplex Sprint enables customer discovery and product / product fit. service while providing structure, advice and access to resources that can move the business forward. By participating in the Borderplex Sprint, startups will benefit from commercial coaching, access to industrial, commercial and technical experts, as well as:
• Self-paced study program and lectures on customer discovery, market fit, product uniqueness, etc.
• Weekly live sessions with guest speakers motivated by the needs of cohort participants.
• One-on-one weekly support with the Arrowhead team.
• Presentations to NMSU faculty members and access to facilities.
• Access to the Arrowhead Innovation Network, a network of experts available for mentoring.
• Up to $ 25,000 in Amazon Web Service credits and $ 120,000 in IBM Cloud credits for qualifying startups.
“The Borderplex region offers a tremendous opportunity for binational collaboration, and launching successful startups is a key activity to promote economic development,” said Carlos Murguia, director of the Foster Innovation Exchange. “We are delighted to offer this bilingual and binational virtual accelerator to tech startups in the region. It combines our proven sprint accelerator with our growing offering of soft landing services for startups looking to explore the US market.
The five-week program is funded through an unprecedented binational collaboration between the State Council of Science and Technology of Sonora, the Institute of Innovation and Competitiveness of Chihuahua and the Directorate of Economic Development and Tourism of Chihuahua. It will be held in conjunction with the Hunt Center for Entrepreneurship at Arrowhead and the Foster Innovation Exchange.
Participants will be guided through the program to help them develop and refine their business strategies, NMSU officials said. The five-week acceleration program runs until October 27.
“This accelerator will allow entrepreneurs in Chihuahua and Sonora to access an international network, resources and advice from Arrowhead Center advisors,” said David Andujo, Entrepreneurship and Innovation Advisor for the Government of Chihuahua and Sonora. “This is the first collaborative effort after signing MOUs with Arrowhead Center, and we look forward to launching more activities soon. “
Graduates of the program can also join Arrowhead Ventures, where they will benefit from ongoing business and technical advice, academic and industry relations, and access to additional Arrowhead programs.