CNM Ingenuity, ABQid Team Up to Boost Startups in Health & Wellness Fields

May 11, 2017 -- CNM Ingenuity, Inc., the enterprise arm of Central New Mexico Community College, and ABQid, an accelerator for startups with high-growth potential, are teaming up to identify and develop more local startups in the healthcare and wellness fields.
May 11, 2017

ABQid will provide its well-honed entrepreneurial support and access to investors for startups in the healthcare and wellness fields while CNM Ingenuity will provide those startups access to CNM’s high-tech medical labs for discovery opportunities and access to experienced healthcare faculty and staff for guidance in subject areas related to the business concepts.

“Healthcare is becoming more and more of an issue in our nation,” said T.J. Cook, Executive Director for ABQid. “In our state, healthcare is the biggest economic driver and it’s not going to slow down anytime soon. We want to develop homegrown businesses here that have solutions for healthcare issues, rather than importing technology and solutions from elsewhere. Albuquerque is a great place to validate certain types of products and services because healthcare doesn’t rely on population density as much as other industries. We can provide market access to entrepreneurs right here.”

ABQid entrepreneurs in the healthcare and wellness fields will be able to test hypotheses for their products or services in CNM’s state-of-the-art medical labs and learn about on-the-ground challenges from CNM healthcare experts.

“We’re looking forward to supporting ABQid’s annual themes and its entrepreneurs,” said Kyle Lee, Executive Director of CNM Ingenuity. “And we want to help reduce obstacles and distractions that can stall startups. CNM has outstanding expertise and facilities that can help validate ideas and accelerate viable, marketable businesses. There’s massive potential for New Mexico entrepreneurs in the health and wellness space and we’re looking to help them capitalize on high-growth opportunities.”

“We want to magnify CNM’s expertise and offer additional value to our startups,” Cook said. “CNM Ingenuity and ABQid have already been supporting each other. This partnership makes that more clear to our community.”

CNM Ingenuity is one of the first to partner with ABQid in support of its next 12-week accelerator, joining TriCore, UNM Health Sciences Center, and Mark Epstein of New Mexico Health Connections. The cohort will run August through October, and applications are being accepted through June 13.