The University of New Mexico's Anderson School of Management is launching the Global Scaling Challenge to help entrepreneurs overcome and understand needs and challenges. The firms will present ideas to other companies and judges in a virtual format.
The scaling program will feature three businesses seeking assistance to respond to biological problems. Current applicants include a medical instrumentation business, a Covid-19 virus prevention and elimination company. The deadline for firms to submit their scaling cases is April 1. The deadline for student team applicants is April 7.
The competition will challenge student-led teams and mentors to "comprehend complex scaling challenges [and] needs" of small firms. It is also open to "entrepreneurial firms" seeking to position their firms for growth, according to UNM.
The program consists of three rounds of virtual presentations to firms and judging panels. Teams will work to recommend short-term and long-term growth strategies. The competition features more than $5,000 worth of "awards and recognition," according to the program's website.
Entrepreneurial programs have helped new businesses find their footing, and several exist for entrepreneurs in New Mexico. Late last year, a program called New Mexico Investor Roundtables that aims to bring together businesses and investors held its first meetup. Others, including New Mexico State University's Studio G student business accelerator, named new leadership.
Brooke Montgomery, the new director of Studio G, found assistance in launching her biotech business at the accelerator. The company, called Pivotal Biotech, is developing respiratory therapy equipment, Business First reported.
