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Albuquerque Community Foundation: Mayor’s Prize for Entrepreneurship

Deadline: September 25, 2017

The Mayor’s Prize for Entrepreneurship, powered by the Albuquerque Community Foundation, is committed to advancing the development of the entrepreneurship ecosystem in the Greater Albuquerque area, and is seeking bold, innovative ideas from applicants in one of the following categories:

  • Democratizing entrepreneurship: Organizations that bring a racial equity lens by supporting entrepreneurs who are immigrant, low-income, women, communities of color and other non-traditional business owners.
  • “Leaving the nest” – moving from incubator to storefront: Organizations that strategically support young companies to get them off the ground and give them the best chance for success by connecting entrepreneurs with service providers and nurturing their creativity and potential.
  • 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. The intent is for Albuquerque to retain and grow businesses that have been developed in New Mexico.
  • Access to and connectivity of entrepreneurship resources: Organizations responding in this category seek to improve connectivity or collaboration between entrepreneurial support organizations in an effort to grow the local entrepreneurial ecosystem.
  • 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; or in other sectors or businesses adjacent to theirs.
  • 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.
    Buy and make local: Organizations responding in this category seek to support local entrepreneurs in developing and manufacturing physical products locally at scale.

Amount: Not specified. Judges will evaluate each of the entries, select two or more winners and determine each prize amount. Last year, four awards were made for a total of $200,000.

Eligibility: Applicants must be:

  • Exempt from U.S. federal income tax pursuant to section 501(c)(3) of the Internal Revenue Code (the “Code”) and classified as a public charity under section 509(a)(1) or section 509(a)(2) of the Code
  • Affiliated with a nonprofit academic institution or governmental entity, and/or
  • An alternative business model such as a cooperative network

Applicants may be located anywhere in the United States, however a local partner supporting the Greater Albuquerque area is required.

Link: http://www.albuquerquefoundation.org/

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