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Albuquerque Can Attract Venture Capital For Tech Startups

Excerpted from an Article by Steve Case the chairman and CEO of Revolution, a Washington, D.C.-based venture capital firm; co-founder of AOL; and the bestselling author of “The Third Wave: An Entrepreneur’s Vision of the Future.”

“This month, more than 100 startup leaders from Albuquerque and other rising cities will join us in Washington, D.C., for our inaugural “Rise of the Rest Summit”, to exchange ideas and information to accelerate the Rise of the Rest. This gathering will include the winner of our Rise of the Rest pitch competition in Albuquerque,”

Albuquerque Startup Invited to “Rise of the Rest Summit”

“Raghu Kopalle, founder of a company called Innobright. Innobright is disrupting the way rendering is done in computer-generated imagery (CGI) by developing a system that renders fantastic quality in less time and at a fraction of the cost….”

“Since the early ’90s, venture capital has been heavily concentrated in a few geographic regions. Last year, 78 percent of venture dollars went to three states: California, Massachusetts and New York. And more than 50 percent went to California alone….”

Albuquerque One of 26 Cities Targeted For Venture Capital

“Over the past three years, I have traveled 6,000 miles to visit 26 U.S. cities, including Albuquerque, and meet with people who are helping startups thrive outside of the coastal tech hubs. In the process, I have also learned a lot about the challenges these innovators face. And while some of the challenges each city breeds are different, there are also quite a few similarities….”

“At the Summit, we will discuss what governments are doing to create strong startup ecosystems. City and state leaders across the country are learning from Silicon Valley while capitalizing on what makes each of their cities unique. They are implementing plans to attract capital by offering angel tax credits or creating incentives to help get local investors off the sidelines. They are creating incubators and accelerators to support entrepreneurs at every stage in their company’s development….” See full Article in  March 23, 2017, Albuquerque Business Journal.

Posted by: Blair Hart on March 27, 2017