ABQid Identifying, Developing Startups

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Announcing Balloon Pitch 2020 Competitors!

Balloon Pitch brings New Mexico’s top high-growth startups together with investor judges from multiple states representing over $150m in investable capital. It’s a pitch event like no other, and this year we’re going online!

This year’s competitors come from around New Mexico and are innovating in a range of industries:

  1. Apogee Spirulina. Our most ancient superfood for the most modern-day super you.
  2. B.PUBLIC Prefab (PUBLIC, PBC). Imagine Building Differently.
  3. FreeRange. FreeRange helps banks manage cryptocurrency.
  4. GPER G-1 Development Group. A Novel Therapeutic for the Treatment of Diabetes and Obesity.
  5. HempNotics LLC. We Provide High-Quality CBD-Infused Products & Services.
  6. Osazda Energy. Providing a cost-effective, crack-tolerant metallization process for the solar energy market.
  7. Parting Stone. Empowering families choosing cremation by providing a form of remains that can be touched and held.
  8. Quotient. The Great Revaluation of Assets has Begun.
  9. Rerouted. Making used outdoor gear painless to buy & sell online.
  10. toSERVO. A network of high-quality armed security rapid response providers.

We can’t wait to hear their pitches October 2, 1-3pm ONLINE.

Get your tickets today!

And we couldn’t do this year’s competition without our amazing sponsors:

See you October 2!

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Join us Thursday, March 7 for a VC Meetup with Crosslink, Kickstart, and more!

Join us on March 7, 2019, 5-7pm at Lobo Rainforest for a Venture Capital Meetup with Crosslink Capital from San Francisco (investors in Descartes Labs, Ancestry.com, Pandora), California and Kickstart Seed Fund out of Salt Lake City, Utah (investors in AdWallet, Lucid, and Trilumina). The event will also feature representatives from Arrowhead Center, NMA Ventures, Sun Mountain Capital, Aspen Vista Capital, and ABQid Fund.

This event is an exciting opportunity for New Mexico entrepreneurs seeking venture capital to hear from and meet with top regional funds. After a panel and Q&A session, we’ll host a structured networking exercise in which attendees will have the chance to meet 1-on-1 for a brief period with the investors. ABQid Staff will facilitate these interactions to respect everyone’s time.

Heavy appetizers and beverages will be provided. This event is hosted by ABQid, powered by CNM Ingenuity.

RSVP now on Addmi (FREE)

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Ski Lift Pitch 2019 Competitors & Judges Announced

2019 Ski Lift Pitch Competitors & Judges Announced

Since its first year in 2014, ABQid’s Ski Lift Pitch competition has brought national attention to New Mexico. The event now puts the state on the map as a place where snow-loving investors and startups convene to identify new business opportunities and build new professional relationships.

ABQid’s Ski Lift Pitch Contest began 5 years ago when ABQid board member, Katie Rice, envisioned a one-of-its-kind startup pitch competition. The idea: startup teams pitch their companies to prestigious investors while they ride the chair lift together to the top of the mountain. After multiple rounds of pitching in this format, three startup finalists are selected to pitch on stage for a chance to win $10,000 non-dilutive capital.

Former contest winners include Taos Mountain Energy Bars, UBQid, EquiSeq, and Twistle, but really, all competitors are winners because they get the opportunity to forge intentional relationships with multiple investors from around the country. This brings value to investors and startups long after the end of the event. Last year, for example, one runner-up went on to receive a $300,000 investment from an investor they met at the Ski Lift Pitch competition. That startup continues to grow, right here in New Mexico.

Tickets to this years event can be purchased at www.skiliftpitch.com.

2019 Competitors

Ski Lift Pitch returns to New Mexico in February 2019, again with the generous support of Taos Ski Valley and many sponsors, investors, and individuals who give their time and resources to make this event a success.

Ski Lift Pitch 2019 is particularly exciting due to the number of New Mexico-based companies that will compete. This year, 50% of finalist companies are from New Mexico, as well as six investor judges. Outside of the Ski Lift Pitch season, we at ABQid works hard to build successful startups in our state, and we also strive to highlight New Mexico as a place where investors look for promising investment opportunities. As such, we couldn’t be more excited to see the New Mexico startup ecosystem thriving and gaining the attention of both in- and out-of-state investors.

Here are the competitors:

  • Boobi Butter: Boobi Butter makes breast health easy, fun, and empowering, encouraging women to perform regular breast-massages and self-checks with our nourishing topical breast care products.
  • Covisus: Covisus develops technology to forge secure, transparent supply chains, helping companies ensure the integrity of their products.
  • Armada Lock: Armada Lock is developing Drone Fleet Management, a SaaS service management platform for commercial drones.
  • Go-Station: Go-Station provides the most advanced rapid electric vehicle charging network in the world.
  • iTherapy Docs: iTherapy Docs provides an agency management platform (SaaS) for Medicaid/Personal Care Services (PCS)
  • K&K Skin Products: K&K Skin Products uses nature’s power plus cutting edge science to achieve healthy skin.  
  • Magnify Your Voice: Magnify provides a civic action network tool to boost civic engagement.
  • Medicheck Mx: Medicheck MX is building an Electronic Health Record Ecosystem for Latin America.
  • NTxBio: NTxBio uses nature’s blueprints to identify and build molecules of market interest.
  • Rest Assured: Rest Assured is creating a fusion of clinical sleep medicine and retail sleep products.
  • Trusted Herd: Trusted Herd’s staffing industry reputation site is the largest, most reputable & only such site in the United States.
  • VisionQuest Biomedical: VisionQuest revolutionizes retinal diagnostics with the EyeStar™ artificial intelligence (AI) reading system, a market-ready, cost-effective solution to screen for Diabetic Retinopathy and other vision threatening eye diseases.

2019 Investor Judges

 

Many Thanks to Our 2019 Sponsors

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5 Reasons to Apply to Ski Lift Pitch 2019

Applications for Ski Lift Pitch close January 11 @ 11:59pm MST. Don’t let your early-stage company miss out on this incredible opportunity to meet some of the best investors around at an event like no other!

Need a reason to apply? We have five!

  1. Connections. Ski Lift Pitch offers the opportunity to meet and make meaningful connections with investors from around the country who represent over $100m in deployable capital. You’ll be pitching your startup on the lifts at Taos Ski Valley. A discussion on a chair lift is special for a number of reasons including, a) the fresh air: adrenaline and forward momentum makes for memorable conversations; b) the full attention of the person you’re talking to since they can’t look at their phone (too cold to take off gloves and don’t want to drop it); and, c) a shared experience making a more memorable connection, meaning the investor you’re pitching is way more likely to be willing to help you out with connections and intros and advice in the future.
  2. Cash. A shot at the grand prize, $10K of capital (non-dilutive!) for your startup. Cash is pretty much everyone’s favorite.
  3. Networking. You’ll not only meet investors during the pitches; you’ll have a chance to spend the rest of the day skiing with them and other startup founders. You’ll get to know folks who can open doors, help you with intros, and provide valuable advice.
  4. Taos Ski Valley. A chance to spend a full day outdoors, skiing beautiful Taos Ski Valley–an amazing New Mexico experience. Startup founders work really hard and we don’t always take care of ourselves as well as we should. An active day of skiing is good for the body, mind and soul, especially for those of us who are overworked entrepreneurs. This year, we’ll also be hosting a panel with four Taos companies who have each innovated in their space and are putting this region on the startup map!
  5. Attention. You’ll be part of a unique experience and there’s always the potential to be included in some of the Ski Lift Pitch media coverage. Did you know that the ABQid Ski Lift Pitch has been covered by NPR not just once, but two separate times? See you at Taos Ski Valley!

So, should you apply?

If you’re actively seeking venture funding, have a startup with meaningful validation and traction for an innovative value proposition, and are ready to have productive conversations with investors, YES, YOU SHOULD APPLY. Just note that one of your team members needs to be able to ski or snowboard; and heads up, Taos is known for its steepness! The first round of pitching is done on the ski lifts. If your company makes the final round, a non-skiing member can then do the pitch from the stage.

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Guest Column: Opportunity Knocking by Deborah Burns, CEO, investUS LLC

Opportunity Knocking in New Mexico:
A Guest Column by Deborah Burns, CEO investUS LLC

In this guest column, Deborah Burns, CEO, investUS LLC talks about the investment value to be found in locating businesses within Opportunity Zones! She explains why startup CEO’s should be thinking of locating operations in an Opportunity Zone, and using a fund to help their investors avoid capital gains taxes.

One of the best kept secrets of the December 2017 tax legislation is the “Investing for Opportunity Act”.  It’s a timely program offering capital gains tax deferment and reduction to any US taxpayer that invests their capital gain into an Qualified Opportunity Fund (“ QO Fund”) that in turn invests in Opportunity Zone investments.  New Mexico Economic Development Department did a great job nominating 63 eligible New Mexico zones that have now been approved as Opportunity Zones ( interactive map).

The US Treasury department estimates there is over $7 trillion in unrealized capital gains that could be invested into Opportunity Zones given the tax deferment and reduction incentives.    The best feature for Opportunity Zone investment recipients is that the QO Fund investment in their company is also capital gains tax free if it remains invested for at least 10 years.  QO Funds will be a new conduit of investment capital flowing into Opportunity Zone investments driven by the desire to stay invested for at least 10 years to be capital gains tax free upon the exit.

To take advantage of these tax savings, the US tax payer must invest in a QO Fund within 180 days of realizing the taxable gain. It can be a taxable capital gain of any asset by any US taxpayer.  The QO Fund can invest in any qualified business or asset in a US Opportunity Zone excluding “sin” businesses consisting of golf courses, country clubs, massage parlors, hot tub facilities, race tracks or gambling facilities, and liquor stores as defined in the tax legislation.

One would wonder why you haven’t heard of this tax incentive or any promotions for QO Funds.  The lack of press coverage for the legislation hasn’t been helpful. To be sure, putting together a Qualified Investment Fund has its challenges. First, the IRS has yet to write the tax rules for the legislation and there is no indication when it might be forthcoming. To put together a QO Fund today requires hiring a sophisticated tax advisory firm that has a dedicated team focused on the new legislation and experienced tax counsel.  Second, as with any private equity fund, the fund manager must comply with federal and state securities laws, provide fund administration and reporting, financials statements and tax filings for investors. This is harder than it seems since the IRS has not yet created the reporting requirements nor the tax forms. Then there are the various liabilities of any securities offering and investment transaction.  All in all, QO Fund management is a challenging undertaking.

Today, investUS, as fund manager, is actively reviewing investment opportunities in New Mexico Opportunity Zones that are shovel ready now or will be ready for investment in early 2019.

For more details on the tax legislation, tax savings computations and recent IRS FAQ’s, contact your tax advisor or tax attorney.  For more information on the investUS QO Fund, contact Deborah Burns at dburns@investUS-eb5.com.

 

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