New Mexico Economic Development Department Secretary Fred Mondragon presented the Arrowhead Technology Incubator (ATI) with a certificate designating ATI as a “Certified Business Incubator” on Thursday, September 10, 2009. The “Certified Business Incubator” designation program was created through legislation in 2005 establishing requirements for state incubator facilities that provide business support and assistance to accelerate the successful development of start-up and fledgling companies of entrepreneurs.
The ATI offers five areas of focus through Technology Innovation Programs related to NMSU innovative research directions as well as the state of New Mexico economic development clusters. The programs include:
- National Security
- Digital Media
- Space and Aerospace
- Energy and Natural Resources
During his remarks, Secretary Mondragon noted that over 90% of small businesses that start in business incubators succeed. He noted that much of the funding for improvements at the Arrowhead Technology Incubator was due to successful grant applications to the Economic Development Administration (EDA).
In accepting the certificate, Arrowhead Center CEO Kevin Boberg was joined by several ATI staff and a number of the Arrowhead Advisory Committee members.
For more information about the Arrowhead Technology Incubator, please visit their website.