May 3, 2017
An accelerator supports startups by providing education, mentorship, and financing when needed. In its three-year history, ABQID was just the kind of accelerator that Albuquerque needed. A venture-backed accelerator focused on startups with high growth potential and any kind of outlook.
For example, Innobright, a company creating fast and easy rendering processes for animators, was one of the startups in their first cohort in 2014. Since graduating from the cohort, they’ve since been through several rounds of growth and recently won the Steve Case Rise of the Rest in Albuquerque.
Now ABQID has taken on a new CEO and a new challenge. This year, ABQID announced TJ Cook as the CEO of the organization. Prior to taking on ABQID, TJ was CEO of CauseLabs for four years.
“We were kind of an every person’s web firm,” said Cook. “CauseLabs was the company’s internal program for people who wanted to make the world a better place. I decided it shouldn’t be an incubator, it should be the company.”
Causelabs has since grown to work with large corporations like Lego and nonprofits like the Dave Thomas Foundation for Adoption. After taking a look at ABQID, Cook and the board decided it too needed a different outlook. After asking their startups to find a focus, ABQID has decided to find theirs.
“It’s tough for any organization or startup when your market is potentially large,” said Cook. “But we all know that it’s worth it to focus on the market that is most ripe for your product and go after them.”
That’s why their first cohort of this year will be focused on a theme – health and wellness. The decision was based on the potential market in Albuquerque, the fact that Albuquerque has two world class national labs, the positive lifestyle that one can obtain in Albuquerque, the innovative research from the University of New Mexico’s Health Sciences Center, and the impressive programs that the Central New Mexico Community College offer for training and equipping the health and wellness pathways.
By focusing, ABQID hopes to better serve their cohort and create a better process. They’re also looking forward to other themes that they can incorporate in the future.
If you have a Health & Wellness startup, make sure to apply by June 13.
Read more about accelerators supporting startups here on Tech.Co
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