UNM Tech spinoff attracts $1.5M investment September 4, 2018
A new cell screening and analysis technology that accelerates tissue-processing rates by up to 100-fold is nearing market, boosted by a $1.5 million venture investment in local startup BennuBio. The company is commercializing a University of New Mexico breakthrough in flow-through cytometers, or cell meters, which are used to rapidly analyze millions, and often billions of cells for medical diagnostics and drug discovery. Today’s cytometers can process only about 10,000 cells per second because tissue samples are pushed through cytometers one at a time. In addition, when screening complex conglomerates of cells, the process slows down to 100 cells per second... Read Full article here.
UNM Technology Accelerates Genomic Sequencing August 21, 2017
Today, DNA sequencing is a tortuous process that often takes days and sometimes weeks to read a full human genome, but University of New Mexico researchers may have found a way to cut that down to minutes. Investors are now lining up behind UNM’s breakthrough, which they say could accelerate the healthcare industry’s use of “precision medicine” based on each individual’s unique DNA structure New Mexico-based Cottonwood Technology, Tramway Venture Partners and Sun Mountain Capital are jointly pumping an initial $1.5 million investment into Armonica Technologies Inc., a new startup that’s working to take UNM’s discovery to market... Read Full article here.
New Venture Capital Fund Will Be Critical to Start-up Growth May 23, 2017
New Mexico is still mired in muck from the recession, but better times may be coming for local entrepreneurs looking to start new businesses. About $40 million in new venture capital could soon be flowing into startups across the state now that the State Investment Council’s new Catalyst Fund has begun doling out money for local venture funds that want to pump up budding New Mexico companies. The Catalyst Fund, managed by Sun Mountain Capital in Santa Fe, approved the first $4.65 million in early May for three investment entities to back some of the wave of new businesses emerging from the state’s incubator and accelerator programs looking to take new products and services to market... Read Full article here.
$40 Million Investment in New Mexico Startups May 2, 2017
Today, Governor Susana Martinez announced $40 million worth of investments in New Mexico startups. A $20 million Catalyst Fund is being launched that will raise a matching $20 million in private equity for investments in local startups. The Catalyst Fund is expected to support more than 50 companies in New Mexico and will focus on aiding technology startups... Read full article here.
New state Catalyst Fund announces first awards May 2, 2017
Many cash-strapped New Mexico start-ups may soon get a critical boost from a state-backed investment program that’s pumping an initial $4.65 million into three local venture funds. Gov. Susana Martinez announced Tuesday that the state’s new $20 million “Catalyst Fund” is making its first three commitments to investment funds managed by New Mexico State University, and by the Albuquerque-based firms Cottonwood Technology and Tramway Venture Partners. Those organizations will, in turn, match state money dollar-for-dollar, doubling the amount of new cash to become available for local startups seeking seed and early-stage capital... Read Full article here.