New Mexico’s Top 6 Startup Accelerators & Incubators [2022]

Are you looking for capital and/or mentorship for your startup in New Mexico? Beyond funding, New Mexico’s startup accelerators and incubators also offer founders incredible valuable support for product development, sales and marketing.

Whether you are looking to find a co-founder, build your MVP and/or get the seed money you need to scale up, accelerators and incubators are the way to go!

In this article we have listed our top picks for the best startup accelerators and incubators in New Mexico. So, if you haven’t yet started to apply, here is a good place to start learning about them.

This article is part of a series where we present you the top startup incubators and accelerators across the US. For the South West, check out our rankings for Oklahoma, Denver, Salt Lake City and Phoenix.
Looking for New Mexico's top startup venture capital firms instead? Check out our ranking here.

New Mexico’s Top 6 Startup Accelerators & Incubators

Here’s a summary of our top 6 picks for New Mexico’s best startup accelerators and incubators (in alphabetical order):

NameAccelerator or incubator?Program lengthInvestment sizeSector focus
Activate New MexicoAccelerator N/ANot DisclosedTechnology
HyperspaceAcceleratorN/ANot DisclosedSpace
IGNITEAccelerator10 weeksNot Disclosed Sector agnostic
Santa Fe Business IncubatorIncubator N/ANot DisclosedSector agnostic
Studio GAccelerator N/ANot Disclosed Student-led businesses
WESSTIncubatorN/ANot Disclosed Sector agnostic

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Accelerator vs. Incubator: what’s the difference?

Using the terms “accelerator” and “incubator” interchangeably is a common mistake. Whilst they are similar and sometimes can be found under the same roof (organisation), they are very different.

Startup Incubators

As the name suggests, startup incubators are tailored more to startups still in their incubation period for their ideas. As such, incubators help startup founders turn their ideas into early working prototype versions of a product or service.

Joining an incubator comes with many perks for early stage businesses. For example, incubators will typically let you use office spaces for twelve months, and in some cases every several years. 

Yet, not all incubators are equal. Some might be specialised on a specific industry, and others on a specific expertise: do you want to work on your Minimal Viable Product (MVP), or are you looking for help to kick-start your sales and marketing efforts?

Therefore, if you’re interested in joining an incubator program, you should first ask for feedback from founders who are currently in the program. You should find out how long they’ve been with the program and what growth they have achieved with its help. 

Incubators are designed to turn business ideas into prototypes
Incubators are designed to turn business ideas into prototypes

Startup Accelerators

In contrast, startup accelerators are ideal for startups that have already gathered some momentum. That’s why startup accelerators are best for startups with a complete cofounding team, a MVP, and that are looking to accelerate their growth (commercialise their product / service). 

Accelerator programs usually take place between a few weeks to a couple of months. In that time, they’ll give you access to their network, connections, knowledge, and a relatively small amount of funding for your startup. 

When looking for an accelerator program, it is crucial to do your research. Identify the program’s list of alumni. Who among their startups experienced success? How many failed? Who are in their list of mentors, and what accomplishments do these people have that you think would help you succeed in your business?

Taking the time to find the best-fit startup accelerator for your business is essential. After all, you’ll be trusting these people to help your business succeed. 

startup accelerator pros and cons

YC’s Demo Day

1. Activate New Mexico

ActivateNM is undeniably one of New Mexico’s top startup accelerators. Their program aims at creating a community of support to nurture entrepreneurship spirit.

Therefore, their chosen business leaders help entrepreneurs through a weekly one-on-one mentorship.  

In addition, ActivateNM runs accelerated education and training programs focusing on crucial workforce areas. The training supports aspiring entrepreneurs and seeks to foster economic developments in the region.

The Accelerator assists entrepreneurs in vetting business ideas and identifying customers. Thus, the training programs aim to help businesses fast-pace their marketing programs and achieve a competitive advantage.

Expert-built templates for tech startups

  • Investor-friendly
  • Easy-to-use Excel & PPT templates
  • CPA-developed financials
  • 30+ charts and metrics

2. Hyperspace

Hyperspace Challenge is a business accelerator created by the Air force Research Lab. The startup accelerator aims at accelerating innovation in the US Space Force.

Therefore, the accelerator program connects business teams to government innovators, strengthening innovation exchange between businesses and government agencies.

In addition, the Hyperspace Challenge program helps entrepreneurs learn about the government’s mission needs. The participating startups work with government innovators to iterate their concepts and explore real opportunities.

The program culminates in a space startup summit and a pitch day where founders present proposed solutions to government innovators, customers, and officials.

3. IGNITE

Ignite Community Accelerator is a 10 weeks program for early-stage entrepreneurs.

The program seeks to provide training and support to entrepreneurs, enabling them thrives in business.

The program features classroom lectures with practical examples. Besides, the program involves lectures from invited guest speakers who share successful business experiences and expertise.

The participating startups receive one-on-one business coaching from experienced local entrepreneurs. In addition, the founders undergo industry-specific business mentorships.

Finally, participating startups will learn different marketing concepts, decision-making processes, and branding strategies.

4. Santa Fe Business Incubator

Santa Fe Business incubator supports entrepreneurs who focus on building solutions that enhance the quality of life. Therefore, the program provides entrepreneurs access to a network of partners and advisors.

Besides, the Santa Fe Business incubator program helps entrepreneurs secure capital, find resources, and join a collaborative environment. 

Apart from training, the program provides entrepreneurs access to workspaces to work on their business ideas. In addition, the entrepreneurs have access to business services throughout the program.

Finally, the Santa Fe Business incubator helps entrepreneurs identify sources of funding, facilitating the businesses

5. Studio G

Arrowhead Center

Studio G is another of New Mexico’s top startup accelerators sponsored by Arrowhead Center. The program targets student-led startups and provides participants access to tools that facilitate entrepreneurship.

Entrepreneurs receive business coaching and mentorship led by studio B staff and Arrowheads enterprise advisers. The business coaches train the entrepreneurs on various topics, including creating a pitch for possible funding. 

Besides, the entrepreneurs have access to subject matter experts, who guide them through the various stages in entrepreneurship. The experts are from different sectors, including marketing, engineering, and intellectual property lawyers.

Finally, the founders have opportunities to present business ideas to a network of venture capitalists.

6. WESST

WESST Logo

WESST Enterprise Center is a startup incubator focusing on supporting early-stage entrepreneurs.

The startup incubator program provides entrepreneurs access to state-of-the-art amenities and business assistance programs.

Besides, the startups receive operational support and resources to help accelerate growth.

In addition to excellent amenities, the entrepreneurs receive one-on-one mentorship from the WESST business professionals. The entrepreneurs undergo a tailored mentorship. The mentorship program also covers business advertising, accounting, finance, and marketing.

Entrepreneurs must be willing to work with the WEC team, advisors, and mentors to join the business incubator program.

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