New Mexico Startup Factory
204 Bryn Mawr Dr SE, Albuquerque, NM, 87106, United States
Overview
NM Start-Up Factory specializes in commercializing technologies, creating investable companies, and keeping innovation and talent in New Mexico. Through its program, technologists are coached through validation of the technology and market and are then paired with the right management team. A commercialization and business plan/model is formed and if all signs point to a sound market and promising technological development, a company is formed.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Business Development
- Consulting
- Industrial Engineering
Investment portfolio
- EcoPesticides
Participated · Series A · Jan 2015
EcoPesticides International develops biologic-based pesticides that use naturally occurring bacteria and fungi encapsulated in natural biopolymers to protect from UV and environmental degradation. Its encapsulation technology is intended to extend potency and performance while avoiding harm to people, animals, and beneficial insects. The company holds an exclusive global licensing agreement with the University of New Mexico and operates lab activities in Santa Fe. EcoPesticides is conducting trials targeting desert locusts in West Africa and grasshoppers in Montana, reporting promising results for its encapsulation approach. The funds from the recent round will advance the technology, support operations, and secure research and development partners. The company positions itself against a $50 billion global crop protection market and cites the microbial pesticide market growing from $2 billion toward $5 billion by 2020.
Team
No current team members are available.