This EDA investment funds the UNM-taos hive pollinator: all hands-on tech project, to invite and engage historically underrepresented members of the U.S. Tech community by supporting scalable tech…

Ended Project Grant Awarded Last action

Award ID
ED22HDQ0240155
Recipient
Awarding agency
Obligated
$2,803,776

Award facts

Assistance listing
11.024 BUILD TO SCALE
Completion date
Funding
  • $1,401,888.00 Federal
  • $1,401,888.00 Non-federal
Place of performance
Ranchos De Taos, NM, USA

Award details come from USAspending.gov.

About this award

This $2.8 million Economic Development Administration project grant funds the University of New Mexico-Taos Hive Pollinator: All Hands-on Tech program. The program aims to build an entrepreneurial ecosystem in northern New Mexico by supporting at least 20 new technology startups through three main activities. First, it will create Taos-targeted content to inspire and foster tech entrepreneurship. Second, it will support a knowledge sharing and mentorship program for the local tech ecosystem. Third, it will manage the Hive Pollinator hybrid tech incubator/accelerator program. As part of the EDA's BUILD TO SCALE program focused on growing technology-based economic development ecosystems, this grant supports the University of New Mexico-Taos in delivering customized business support, incubation, and acceleration services to spur entrepreneurship and scaleups in the region from October 2022 through September 2025.

Description

This EDA investment funds the UNM-taos hive pollinator: all hands-on tech project, to invite and engage historically underrepresented members of the U.S. Tech community by supporting scalable tech startups in northern new mexico through narrative building, innovative mentorship programming, and tech entrepreneur pollination (incubation and acceleration) housed out of the university of new mexico-taos' hub of internet-based vocation and education (UNM-taos hive or "the hive"). The project will focus on three main activities: 1) creating taos-targeted content to inspire and foster tech entrepreneurship; 2) supporting a tech ecosystem knowledge sharing and mentorship program; and 3) managing the hive pollinator hybrid tech incubator/accelerator program. Once implemented, the project is expected to build on successful, customized support models for businesses and individuals, creating a tech entrepreneurial ecosystem to support at least 20 new startups in northern new mexico.

Transactions

Action Federal Non-federal Date
Amendment $700,944 $700,944
Original award $700,944 $700,944

Quick answers

Who received award ED22HDQ0240155?

ED22HDQ0240155 was awarded to University Of New Mexico by Economic Development Administration (Department of Commerce) on October 1, 2022.

How much is award ED22HDQ0240155 worth?

$2,803,776 has been obligated on ED22HDQ0240155: $1,401,888 in federal funding and $1,401,888 in non-federal funding.

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