Enrollment is open for a new New Mexico Angels program aimed at informing investors about funding new companies in New Mexico. The program is meant to incentivize accredited investors to invest a minimum of $10,000 in local companies next year.
The 15-week program will be done in two parts. An initial, seven-week session — which is free — will be held live in Albuquerque or online beginning on Jan. 12. An additional eight-week program is being offered at a cost, with the goal of resulting investments made to New Mexico firms.
Companies funded by New Mexico Angels include Meow Wolf, Circa, BennuBio, TNeuroPharma and others. New Mexico Angels has invested more than $25 million since 1999, according to the organization's website. Members currently raising funds include Electric Playhouse, Nob Hill Therapeutics, Parting Stone and others, the website adds.
"Our mission is to bolster the New Mexico economy while educating people about the world of angel investing," said Drew Tulchin, president of the New Mexico Angels, in a prepared statement. "Investment knowledge through this collaborative, hands-on experience is an incredible opportunity for anyone wanting to be on the cutting-edge of our state's startup economy."
Applications can be submitted here, and participants must meet accreditation requirements for the Securities and Exchange Commission. Any individual with an individual or joint net worth of more than $1 million may be accredited. Industries represented by Angels investments include cannabis, biotech, food and other industries.
The curriculum for the program comes from The Angel Accelerator, a program for educating people on investing in startups.
