News
Emerson Named Corporate Hero
June 30, 2010UNM Foundation News
UNM Foundation Board of Trustees member Michael
Emerson was named a 2010 Corporate Hero by the
New Mexico Business Weekly in its June 18 issue. He
is the senior director of business development with risk
management services provider ABS Consulting and also
serves on UNM's Tamarind Institute's board. Emerson
graduated from UNM in 1986 with a degree in
mechanical engineering with the help of the University's
Presidential Scholarship Program (PSP). A longtime
supporter of the PSP, he founded the Friends of the
Presidential Scholarship Program in 2002. The Friends
group is dedicated to bringing sponsors on board to support the program.
Congratulations, Mr. Emerson!
Post-recession shifts could benefit NM startup companies
June 04, 2010New Mexico Business Weekly - by Kevin Robinson-Avila Click here to read the entire article.
The recession knocked the wind out of the venture capital industry.
Even with the economy slowly recovering, venture investments and fundraising are still at their lowest levels
nationwide since the mid-1990s.
But like most burst bubbles, the crash has some silver linings — and they bode well for New Mexico, said Michael
Schafer, managing director of New Mexico Community Capital, a small local fund.
With less money to go around, investors are focusing more on small, early-stage funds that support promising
startups. That contrasts with the pre-recession emphasis on megafunds that often made huge investments in search
of mega-returns in mature companies.
ProtoHIT lands one-two punch with investments, industry partners
April 23, 2010NM Business Weekly, by Kevin Robinson-Avila Click here to read the entire article.
ProtoHIT Inc. is a few steps closer to market, thanks to a fresh venture capital investment and new industry
partnerships.
New Mexico Community Capital committed $250,000 to the Albuquerque startup to help it fully develop and
beta test medical software that it licensed from the University of New Mexico last year. The software could
substantially lower operating costs at workers’ compensation clinics, while simultaneously improving care for
patients.
ProtoHIT also negotiated an agreement with an international auto supplier to start beta testing the software at inhouse
clinics.
IntelliCyt removes individual investors
April 23, 2010New Mexico Business Weekly, by Kevin Robinson-Avila Click here to read the entire article.
A group of individual investors with minority stakes in IntelliCyt Corp. posed so many problems last year for the
board of directors that majority shareholders opted to buy them out.
New Mexico Community Capital and the Verge Fund put up $650,000 last fall to remove about a half-dozen
individual shareholders, who together had placed about $660,000 in the company, said NMCC Managing Director
Michael Schafer.
Venture capitalist Michael Schafer shapes business futures
February 19, 2010New Mexico Business Weekly - by Kevin Robinson-Avila Click here to read the entire article.
Michael Schafer knew he wanted to be a venture capitalist after reading “A day in the life of Frederick Adler” in 1981.
Schafer was barely a year out of college when he saw the Washington Post story on Adler, a long-time mover and
shaker in the venture capital industry.
“It was a seminal event for me,” Schafer said. “Adler did so many different things and was involved in so many
projects and companies. I read that article and I said, ‘That’s what I want to do.’”
Three decades later, Schafer is recognized as a prime mover and shaker who helped build many private equity funds
with multimillion-dollar investments in scores of companies nationwide.
Now, as managing director of New Mexico Community Capital, Schafer is doing the same for local companies, helping them land
funding and build their businesses.
Those who know Schafer say he’s a major asset to NMCC.
A Perfect TEN for Business Assistance
December 09, 2009Taos News - by Leslie Elgood Click here to read the entire article.
Joseph Godfrey knew the recycling business before he moved to Taos from Vermont six years ago, but he had never run a business of his own before he bought Recycle Taos in late 2007. Essential to his success, Godfrey said, was his connecting with Taos Entrepreneurial Network (TEN), an independent nonprofit organization of entrepreneurs and local community leaders that began as a 2004 project of the Sirolli Foundation by the McCune Charitable Foundation.
Local Entrepreneurial Network Planned
December 07, 2009Las Cruces Sun-News, by Leslie Elgood Click here to read the entire article.
The success of an entrepreneurial network in Taos has inspired the W.K. Kellogg Foundation to award a grant to duplicate the successful program in Dona Ana County.
TruTouch Tech Ready to Grow in 2008
January 07, 2008ABQ Journal Business Outlook Click here to read the entire article.
TruTouch Technologies light-based alcohol measurement devices had their first commercial sales in 2007, with a projected $1.7 million in sales. TruTouch, an NMCC portfolio company, expects continued growth in 2008 with expansion into workplace alcohol testing and identity verification.
Sandoval Gets More Jobs
October 29, 2007ABQ Journal Business Outlook
Aero Mechanical, a New Mexico Community Capital portfolio company that launched operations in Rio Rancho three years ago, plans to hire an additional 100 workers by the end of 2008.
Click here to read the article.
Talking to Oil Wells
October 15, 2007Albuquerque Journal
Albuquerque-based Wellkeeper, whose technology lets remote oil wells "phone" the owners if something goes wrong, received an $850,000 round of of venture capital financing to increase marketing. New Mexico Community Capital led the round with $500,000.
Click here to read the complete article.
Why Good Advice is Better with Hands-On Help
August 23, 2007Albuquerque Journal
Rural entrepreneurs are talented at their work, but expanding their businesses and creating new jobs is a challenge because they lack both capital and the know-how to expand. New Mexico Community Capital's CEO Jarratt Applewhite explores these issues and how NMCC is working to fill the needs.
Click here to learn more about how NMCC is fulfilling its mission to help rural entrepreneurs.
Feature Article: NMCC Investment Fund
August 01, 2007New Mexico Banker's Digest
New Mexico Community Capital meets equity capital needs within the state for entrepreneurs who may not qualify for traditional loans.
Click here to read the article.
Prepping for Prime Time: Venture firm teaches rural companies how to attract bigger money
June 28, 2007Albuquerque Journal Business Outlook magazine Click here for the story.
This cover-page article describes NMCC's goals and programs, and provides a closer look at how NMCC has worked with one of its portfolio companies, Aztec Machine and Repair in Aztec, NM.
NM Community Capital investment fund closes at $14.65 million
June 12, 2007New Mexico Business Weekly
New Mexico Community Capital made its final close on its first investment fund this month, with a total of $14.65 million now in the fund.
Click here for the rest of the story.
NMCC Board Member Receives Trailblazer Award
May 01, 2007Pacific Community Ventures Newsletter
Pacific Community Ventures (PCV) President and Co-Founder Penelope Douglas received the Community Financial Resource Center’s (CFRC’s) Trailblazer Award at its annual Power Luncheon in Los Angeles on March 27th. Ms. Douglas is a member of NMCC's board of directors.
To read the article, click here.
Jim McNally & Tom Keleher TV Interview
April 10, 2007Eyewitness News 4 Midday
Jim McNally, President and CEO of TruTouch Technologies, and Tom Keleher, Managing Director at New Mexico Community Capital (NMCC), appeared on Eyewitness News 4 Midday. TruTouch Technologies is a portfolio company of NMCC.
To watch the video, click here.
GKM Newport invests in NMCC Fund
March 29, 2007 International fund manager GKM Newport has contributed $2 million to New Mexico Community Capital's first investment fund. The New Mexico Small Business Investment Corp. (SGIC) also made a new contribution of $500,000, bringing the total in the fund to $11.5 million.Click here to read the entire story.
McNally: A true belief in passion, perseverance
February 23, 2007New Mexico Business Weekly
An interview with Jim McNally, President and CEO of TruTouch Technologies, a New Mexico Community Capital portfolio company. This article profiles McNally and the success of the company.
To read the complete article, click here.
MIOX gets a $14.5M private equity boost
January 26, 2007New Mexico Business Weekly
MIOX Corp. will receive both capital and international marketing assistance from New Mexico Community Capital (NMCC). MIOX, an NMCC portfolio company, offers an environmentally friendly, low-cost method of purifying water.
To read the complete story, click here.
NMCC Touts VC with a Social Bent
January 12, 2007New Mexico Business Weekly
Sometimes a bit of good advice is better than hard cash. That's what Wid Slick--owner of the Plaza Hotel in downtown Las Vegas (NM)--got when he asked New Mexico Community Capital last year for money to expand his business.
To read the rest of the story, click here.
TruTouch Invention Named A
November 13, 2006Time Magazine
TruTouch Technologies' infrared alcohol test was named as one of 2006 's Best Inventions by Time Magazine. TruTouch Technologies is a New Mexico Community Capital portfolio company.
To read the rest of the article, click here.
Rural Entrepreneurs Need More Than Good Advice
July 01, 2006Community Development Investment Review
Rural entrepreneurs are talented at their work, but growing their businesses and creating new jobs is a challenge because they lack both capital and the know-how to expand....
Click here to read the rest of the article.
Former head of UNM fundraising signs on with NMCC
October 11, 2005NMBW Staff
Leslie Elgood, former director of development at the Unversity of New Mexico will serve as onprofit advisor for New Mexico Community Capital, a community development venture capital fund formed in 2004 to invest in small or expanding businesses in New Mexico.
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