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New Mexico’s sovereign wealth fund is investing $50M in a bet that scientists will build startups in Albuquerque Jessica Mathews Updated September 5, 2024 at 9:41 AM
By mid-2014, Accelerator, a biotech investment firm, had raised more than US$30 million from investors, including Eli Lilly and Company, Pfizer, and Johnson & Johnson, for initial funding to create biotechnology startups at the Alexandria Center for Life Science, which encompasses more than 700,000 square feet (65,000 m 2) on East 29th Street ...
Technology companies in the New York City metropolitan area represent a significant and growing economic component of the New York metropolitan area, the most populous combined statistical area in the United States [1] and one of the most populous urban agglomerations in the world. [2] [3] New York is a top-tier global high technology hub. [4]
Jul. 22—What can make or break a start up? What do venture capitalists consider before making an investment? How does New Mexico's startup ecosystem compare to other cities? Our guest on this ...
Aug. 12—A ranking is providing some insight into the best zip codes to call home in Albuquerque. Niche, an online data collection site that gathers and analyzes public data sets from the ...
In August, Crain's New York Business reported that the company was one of New York City's fastest growing startups. [5] In October, Unqork announced that it had raised an additional $207 million in a Series C funding round led by accounts managed by BlackRock, Inc., bringing the company's valuation to more than $2 billion. [2]
The bioscience sector has experienced particularly robust growth, beginning with the 2013 opening of a BioScience Center in Uptown Albuquerque, which was the state's first private incubator for biotechnology startups; since then, New Mexico-based scientists have formed roughly 150 bioscience startups, many of which are based in the Albuquerque ...
Y Combinator interviews and selects two batches of companies per year. The companies receive a total of $500,000 in seed money as well as advice and connections. The $500,000 in funding is made up of $125,000 on a post-money SAFE in return for 7% equity and $375,000 on an uncapped SAFE with a "most favored nation" ("MFN") provision (i.e.: "we get the same best terms you give anyone else in the ...