In just its second year of operation, the Hunt Center for Entrepreneurship, housed at New Mexico State University’s Arrowhead Center, has made significant strides in strengthening the region’s entrepreneurial pipeline by focusing on the next generation of innovators and entrepreneurs, developing exciting new technologies, and forging partnerships that benefit the Borderland.
“We’re so pleased with the progress made through the Hunt Center thus far and look forward to continuing the key initiatives underway, while continuing to seek avenues for expansion,” said Arrowhead Center Director Kathy Hansen.
The Hunt Center was created through a $2.5 million gift provided by the Hunt Family Foundation as part of NMSU’s Ignite Aggie Discovery $125 million comprehensive fundraising campaign.
The funding has helped advance three key programs at Arrowhead Center: the Hunt Student Startup Sponsorships, the Innoventure youth entrepreneurship program for K-12 students, and the LAUNCH technology and business development accelerator and competition.
Hunt Student Startup Sponsorships provide semester-long employment to allow selected student entrepreneurs time to work on their ventures during the academic semesters. Sponsored students receive entrepreneurial training and business development services through Studio G, Arrowhead Center’s student business accelerator program.
“Hunt Sponsorships provide a tremendous opportunity to accelerate student entrepreneurs in our Studio G program,” said Kramer Winingham, director of Studio G. “The program gives students the support and guidance to move their business forward rapidly in just one semester.”
Hunt-sponsored students have focused on a range of products and services, from gyroscope technology to retail fashion to a mobile app helping university students learn to navigate their campuses.
“Thanks to the Hunt Startup Sponsorship, I was able to turn my idea into a minimum viable product,” said Alexis Cornidez, an NMSU senior majoring in individualized studies with a concentration in engineering, economics and management. Cornidez received a sponsorship to work on his business, Maslow, a mobile application that connects college students and supports local economies. “It allowed me to focus not only my time, but my effort toward accomplishing my goals,” he added.
The Innoventure suite of K-12 entrepreneurship education programs from Arrowhead Center has also enjoyed new opportunities through Arrowhead’s relationship with the Hunt Family Foundation, for the first time delivering programming outside of New Mexico.
Camp Innoventure, a week-long camp where middle school students get to brainstorm business ideas, put together a business model and create a product to sell at a local market, partnered with the El Paso-based Success Through Technology Education Foundation to bring sessions to schools in El Paso and Tornillo, Texas.
“We had 22 students participate in three camps across El Paso, which we couldn’t have done without the generous financial support from the STTE Foundation and the Hunt Center,” said Innoventure Deputy Director Lydia Hammond, who leads the Camp Innoventure program. “We’re also extremely grateful to our amazing teachers, who led the program at each location and made these camp experiences even more special for our students.”
LAUNCH, Arrowhead Center’s annual accelerator and competition in which teams take NMSU-developed innovations through an intensive four-month program of technology and market validation, is also reaping the benefits of affiliation with the Hunt Center. With Hunt Center support, both the initial investments in participants’ ventures and the award to the overall winner have been bolstered, allowing teams to push the envelope on the new businesses based on the technologies they explore.
“The Hunt Center sponsorship of LAUNCH has been a game-changer, in terms of the amount of resources we’re able to provide promising teams,” Hansen said. “It also allows our winning team the funds they need to take the next steps after the competition.”
Three of the five finalist teams from the most recent round of LAUNCH are in talks with potential industry partners who may license team technologies or determine other ways to collaborate on development.
This year’s winning team, which is seeking to commercialize a novel liner for prosthetic limbs that increase comfort and safety for wearers, has continued to move forward on their project.
“LAUNCH helped me to break the ice, get out of the building, and talk to people,” said team member Neda Sanatkaran, a post-doctoral researcher in NMSU’s Chemical Engineering Department.
These and other Hunt Center programs are also bolstered by a partnership with the CoWork Oasis, an El Paso-based community workspace that provides local entrepreneurs access to tools, mentorship and funding opportunities. CoWork Oasis stages workshops and events to educate entrepreneurs and provide them opportunities to network with fellow creators and others in the community.
With 85 community members at CoWork, the network is growing and the program’s model is being validated. The CoWork Oasis-Hunt Center collaboration is ensuring that Arrowhead Center programs have a regional reach, as well as bringing to each organization the best assets its respective city has to offer.
“Our commitment to Arrowhead Center demonstrates the critical role we know entrepreneurship plays as an economic driver in the Borderplex region,” said Josh Hunt, president of the Hunt Family Foundation. “We are proud to see our investment hard at work to move initiatives forward in support of programs, innovation and successful partnerships. We applaud the ongoing efforts of the team at the Hunt Center for Entrepreneurship.”
Hansen notes that Arrowhead Center will continue to find new ways to expand existing programs, and to explore others that will help clients continue to advance their entrepreneurial journeys.
“We’re not done yet,” Hansen said. “One of the greatest strengths of the Hunt Center is its ability to leverage collaboration among regional players. We have so many great people and groups working on economic development in the Borderplex, and the Hunt Center is a perfect venue to collaborate on that endeavor.”
Author: Amanda Bradford – NMSU