The Mayor’s Prize for Entrepreneurship

BannerThe Mayor’s Prize for Entrepreneurship, powered by the Albuquerque Community Foundation (“The Mayor’s Prize”), seeks bold ideas from innovators to support the creation and growth of new companies in our city!

The application window for The Mayor’s Prize 2015 opens on September 2 and will close on October 2. Unfortunately, no extensions can be offered.

Awards will be announced during Albuquerque Global Entrepreneurship Week on November 19, 2015.

Download instructions for applying for an award at the Albuquerque Community Foundation’s website.

The Mayor’s Prize Categories

At least two prizes will be awarded at least once a year in five categories that have been determined by independent landscape analyses conducted by Kauffman and the Mayor’s office.

  1. Bringing local innovations to market: Organizations responding in this category seek to support new and young firms built around technologies and innovations developed at one of the Albuquerque area’s federally funded research and development centers, research universities, or other research institutions.
  1. Access to and connectivity of entrepreneurship resources: Organizations responding in this category seek to improve connectivity or collaboration between entrepreneurial support organizations
  1. Connections for entrepreneurs in Greater Albuquerque to markets, resources, or other entrepreneurs:
  • Within Albuquerque
  • Within New Mexico
  • In regional, national, or international markets
  • In key demographic groups
  • In other sectors or businesses adjacent to theirs
  1. Enabling high growth success: Organizations responding in this category seek to support high-growth firms, which have an outsized role in job creation and in wage growth and improving economic mobility.
  1. Buy and make local: Organizations responding in this category seek to support local entrepreneurs developing and manufacturing physical products locally at scale.

Additional Details

We are pleased to offer two (2) periods of office hours for applicants to ask questions. These will be held on September 10th, 2015 from 1:30pm-2:30pm and September 24, 2015 from 9:30am-10:30am. These are the only times at which we are able to answer questions about the application process. The conference line will be posted on this page one day prior to each.

Why?

The Mayor’s Prize is a partnership between the City of Albuquerque, the Albuquerque Community Foundation, and the Ewing Marion Kauffman Foundation. We believe that entrepreneurial activity is among the best barometers to measure the health of a city’s economy.  With successful entrepreneurs, we can anticipate job creation, product development, increased economic activity and economic mobility to grow the prosperity of our community.

How?

Innovation is an intentional process of experimentation and exploration yielding significant positive change. Bringing a venture philanthropy approach to growing a community of successful entrepreneurs in Albuquerque, The Mayor’s Prize is looking to award grants and provide technical assistance to scale innovative program models that will improve the conditions in Albuquerque to start and grow ventures.

Who?

The Mayor’s Prize will place particular emphasis on programs supporting the high growth firms that will generate the greatest benefit in new jobs and community prosperity.

Successful applicants will be those with the greatest potential to scale these programs significantly during and after the prize period.  Additionally, awardees should have the opportunity to pilot and/or scale their programs, while working with The Mayor’s Prize assistance providers to hone their business models, value propositions and relevant processes.

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