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CNM Student Team Wins $20,000 in UNM Business Plan Competition

April 16, 2016 -- A CNM student team that’s enrolled in the CNM IGNITE Community Accelerator won a second-place, $20,000 technology prize in the annual University of New Mexico’s Business Plan Competition, which was opened up to CNM teams this year.
CNM Student Team Wins $20,000 in UNM Business Plan Competition

Apr 13, 2016

The CNM team’s business is MyTap, a new mobile app for people to learn and share information about craft beer. Two individuals created the company – Douglas Radecki and Ronald  Kreutzer. Radecki is enrolled in IGNITE.

The IGNITE Community Accelerator is an entrepreneurial accelerator that helps young businesses grow up fast. Owners of the early-stage businesses meet every Friday for 12 weeks at the CNM STEMulus Center, where they are immersed in a vigorous business accelerator environment filled with curriculum on how to develop prototypes and business models, when to start hiring, customer validation, building company infrastructure, marketing and financial literacy.

This is the first year that CNM has participated in the UNM Business Plan Competition, thanks in large part to partnership efforts by John Mierzwa, director of CNM STEMulus Initiatives and Sul Kassicieh, a distinguished UNM Anderson School of Management professor.

UNM awarded a total of $83,000 in prizes this year. Funding comes from local businesses, the national laboratories and professional organizations..

“We are pleased that CNM was able to participate in the competition this year,” Mierzwa said. “IGNITE’s core mission is to provide students with entrepreneurial experience and also coaching and mentoring for their startups. It ties in perfectly with CNM’s wider efforts to help instill an entrepreneurial mindset throughout our community.”

CNM students and any others with a business idea or startup business less than three years old is welcome to apply to participate in the next IGNITE cohort and find additional information at cnmingenuity.org.