Flywheel Ventures, established in 1999, is a venture capital firm headquartered in Santa Fe, New Mexico, with additional offices in Albuquerque, New Mexico, and San Francisco, California. The firm specializes in seed and early-stage investments, focusing on information technology services and physical sciences sectors, including software, semiconductors, and clean technology. Flywheel Ventures primarily invests in companies based in the Midwest, Southwestern, and Rockies regions of the United States, with a particular focus on New Mexico, Colorado, and Arizona, while also considering co-investments in California. The firm typically invests between $0.05 million and $1 million initially, with a 3:1 or greater target reserve for follow-on funding. Flywheel Ventures seeks to address key global challenges in information technology and urban systems, often taking a board seat and investing in syndicates to provide follow-on capital.

The U.S. Department of Energy is a government agency established in 1977, located in Washington, D.C. Its primary mission is to ensure the security and prosperity of the nation by tackling energy, environmental, and nuclear challenges. The Department focuses on promoting transformative scientific and technological solutions to address these issues, thereby supporting the country's energy needs and environmental sustainability.

Sun Mountain Capital, established in 2006, is a private equity firm headquartered in Santa Fe, New Mexico. It specializes in providing equity and debt investments to promising companies across the United States. The firm's team, with experience dating back to 1981, has a proven track record in private equity, having previously worked at top-tier firms such as Credit Suisse, Morgan Stanley, and GE Capital. Sun Mountain Capital offers customized private equity solutions to pension plans and other institutional investors, tailoring strategies to meet their specific investment goals.

Cottonwood Capital Partners is a venture capital firm that backs early- and seed-stage startups in disruptive technology and related fields such as healthcare, information technology, nanotechnology, photonics, advanced materials, sensors, clean energy, robotics, life sciences, and enterprise software. The firm focuses on Southwest United States and Northern Europe, investing primarily in Arizona, New Mexico, Texas, Colorado, and Utah, and in the Netherlands and parts of Northern Europe, including Mexico as part of its regional reach. Typical investments range from about $1 million to $3 million, and the firm often takes a board seat on portfolio companies. Founded in 2009, Cottonwood Capital Partners is based in Los Alamos, New Mexico, with additional offices in El Paso, Santa Fe, and Enschede, Netherlands.

The New Mexico Economic Development Department is dedicated to fostering economic growth in the state by implementing various programs designed to support and enhance business development. Through these initiatives, the department aims to create a favorable environment for new and existing businesses, thereby boosting job creation and overall economic vitality. The department's focus includes promoting investment opportunities and providing resources to help entrepreneurs navigate the challenges of starting and expanding their enterprises. By facilitating collaboration among stakeholders, the New Mexico Economic Development Department plays a crucial role in strengthening the state's economy and ensuring sustainable development.

ABQid is a New Mexico-based organization founded in 2014 that operates a twelve-week accelerator program designed for early-stage ventures, particularly in the healthcare and technology sectors. The program emphasizes customer discovery and validation, aiming to equip entrepreneurs with the necessary skills to develop validated business models and prepare for funding. ABQid's mentorship focuses on fostering integrity, accountability, communication, and commitment among participants. By nurturing startups, ABQid seeks to enhance the entrepreneurial ecosystem in Albuquerque and contribute to the local economy. The accelerator program is an opportunity for promising companies to gain guidance and resources as they navigate the challenges of early-stage business development.

Founded in 1986, Tullis Health Investors is a private equity firm focused on investing in the healthcare sector. It specializes in growth capital investments, typically providing $0.25 million to $10 million to small and emerging companies across various healthcare sub-sectors such as infrastructure, information technology, biotechnology, pharmaceuticals, services, devices, and therapeutics.

Aspen Avionics, headquartered in Albuquerque, New Mexico, was established in 2004 by a group of aviation enthusiasts. The company focuses on developing advanced avionics products aimed at enhancing situational awareness and reducing pilot workload in general aviation. Aspen Avionics offers affordable solutions that allow aircraft owners to upgrade traditional primary flight instruments to modern glass cockpit technology without incurring significant costs or complicated installation processes. Its products are designed to improve safety and ease of flying in both visual and instrument flight rules conditions.

Unirac specializes in manufacturing and installing photovoltaic (PV) mounting systems. Established in 1998, the company offers a range of solar mounts including SUNFRAME shared rail systems, roof mounts, large arrays, and ground fixed tilts. Unirac serves homeowners and commercial customers through distributors in North America and internationally, providing competitively priced products, responsive customer support, integrated technology solutions, and engineering services.

Founded in 1910, BOK Financial is a regional financial services company headquartered in Tulsa, Oklahoma. It offers a wide range of products and services to consumers and businesses through its subsidiaries, including banking, investment management, mortgage banking, cash management, brokerage, and trading services.

Lockheed Martin Ventures, established in 2014, is a venture capital arm of Lockheed Martin Corporation. It focuses on investing in early-stage companies specializing in advanced technologies such as autonomous systems, cybersecurity, space technologies, and artificial intelligence.

Crosslink Capital is a Menlo Park, California-based venture capital and growth equity firm founded in 1989. It invests in technology and media companies in the United States, with a focus on early-stage and growth opportunities in consumer and enterprise software and related sectors. The firm partners with founders to support category-creating companies from seed-stage through expansion, and manages a family of funds that target software, TMT, and energy technology opportunities across the United States.

Warburg Pincus is a global private equity and venture capital firm founded in 1966 and headquartered in New York, with offices around the world. It provides capital across the full life cycle of companies, from founding startups and early-stage financings to growth equity investments, restructurings, and late-stage or management buyouts, often acting as a lead investor and taking minority or majority stakes and board seats. The firm targets a broad range of sectors including consumer, energy, financial services, healthcare and life sciences, technology, media and telecommunications, industrial and business services, real estate, and software, with investments spanning software, fintech, energy, and other growth opportunities. It pursues value creation by backing durable, high-potential companies and generally holds investments over several years. Its global footprint enables activity across North America, Europe, and Asia, aligning with management teams to build scalable, market-leading businesses.

The U.S. Department of Agriculture (USDA) leads initiatives in food, agriculture, natural resources, and rural development. It aims to expand markets for agricultural products globally, foster alternative markets domestically, improve rural infrastructure, enhance food safety, promote nutrition education, and manage public lands collaboratively.

Founded in 2010, Phoenix Venture Partners is a venture capital firm based in San Mateo, California. It specializes in investing in and supporting entrepreneurs commercializing innovative materials science technologies across various sectors, including advanced materials, optics, energy generation, healthcare, automotive, and consumer electronics. The firm also maintains offices in Singapore and Cambridge, Massachusetts.

Founded in 2011, Razor's Edge Ventures is a multi-stage venture capital firm based in Reston, Virginia. It invests in high-growth technology companies operating at the intersection of national security and commercial markets, with a focus on defense, intelligence, cybersecurity, data science, and emerging technologies.

Health Care Service Corporation (HCSC) is the largest non-investor-owned health insurer in the United States and the fourth largest overall. Established in 1936, the company operates through its Blue Cross and Blue Shield® Plans in Illinois, Montana, New Mexico, Oklahoma, and Texas, serving nearly 14.7 million members. HCSC provides a diverse range of health and life insurance products, including group life, disability, and dental solutions, through its affiliates and subsidiaries. The company is committed to expanding access to high-quality, cost-effective health care and empowering its members with the necessary information to make informed healthcare decisions. HCSC has been a pioneer in offering coverage for advanced medical procedures and is currently focused on developing value-based care models that enhance collaboration among healthcare stakeholders. In addition to its insurance services, HCSC actively supports community well-being through charitable investments, volunteer efforts, and various community engagement initiatives. With a workforce of nearly 23,000 employees across over 60 local offices, HCSC aims to improve health outcomes and promote healthier lifestyles for its members and the communities it serves.

Verge Fund, established in 2003, is a venture capital firm based in Albuquerque, New Mexico. It specializes in early-stage growth investments, focusing on life science, technology, and renewable sectors within the state. The firm's principals, with a combined 43 years of experience, leverage their local knowledge and networks to identify and support high-potential startups, often at the seed stage when business plans may not be fully developed. Verge Fund aims to generate significant returns by providing capital and expertise to promising ventures in New Mexico.

The Daniels Fund is a private philanthropic organization based in Denver, Colorado. Established in 1997, it operates grant and scholarship programs focused on supporting effective nonprofit initiatives within Colorado, New Mexico, Utah, and Wyoming, with select national programs.

Boeing HorizonX is a venture capital firm established in 2017 that focuses on investing in innovative startups worldwide. Its investment team leverages a diverse range of expertise from Boeing and broader market experience to identify and support revolutionary concepts. By providing funding to selected startups, HorizonX connects them with Boeing's extensive global resources, facilitating the development and realization of their ideas. The firm operates with a global presence, with teams located in various cities, including Chicago, Menlo Park, Los Angeles, Seattle, St. Louis, Washington D.C., and Israel.

New Mexico Community Capital, LLC is a private, nonprofit community development financial institution established in 2004 and located in Albuquerque, New Mexico. The organization focuses on providing capital and technical assistance to high-potential businesses in emerging or underserved markets throughout New Mexico. It specializes in early and expansion capital, as well as growth capital for small businesses, while avoiding investments in sectors such as gambling, liquor, and real estate. The firm primarily targets companies in various sectors, including cleantech, healthcare, information technology, and sustainable energy. New Mexico Community Capital seeks to invest in businesses with a minimum of five employees and at least two years of operational history, typically committing between $0.5 million and $1 million per investment. The organization aims to support economic development by prioritizing investments in rural and underinvested areas, with a significant portion of its investments made outside major metropolitan regions. It also emphasizes mentorship and culturally relevant training programs to foster business growth and sustainability in the community.

Founded in 2009, Scout Ventures is an early-stage venture capital firm based in New York. It invests in frontier technologies with applications in national security and commercial markets, focusing on sectors such as space and aerospace, autonomy, quantum technologies, artificial intelligence, and advanced materials.

Dos Rios Partners is a private equity firm founded in 2013, headquartered in Austin, Texas with an additional office in Dallas. The firm specializes in investing in proven, growing niche businesses across various sectors, focusing on companies based between the Rio Grande and Mississippi rivers. Dos Rios prefers investments of $5 million to $15 million in companies with EBITDA between $3 million and $12 million.

ITU Ventures is an investment firm focused on supporting technology businesses that emerge from prominent universities, research institutions, and corporations. The firm primarily targets startup companies located in California, New Mexico, and the Midwest region of the United States. ITU Ventures specializes in investing within the software, semiconductor, and commercial product sectors, aiming to nurture innovative ventures that have the potential for significant growth and impact. Through its strategic investments, ITU Ventures seeks to foster the development of cutting-edge technology and drive advancements in various industries.

Founded in 2000, General Catalyst is a venture capital firm specializing in early-stage and growth equity investments. It focuses on accelerating ideas, careers, and companies towards success by providing ongoing momentum and mentorship based on deep experience.

Enservco Corporation is a provider of well-site services to the domestic onshore oil and gas industry, operating through its subsidiaries Heat Waves Hot Oil Service and Dillco Fluid Services. The company specializes in a range of services including hot oiling, frac heating, acidizing, pressure testing, and fluid management, catering to both large and small energy companies across diverse regions in the United States, including Colorado, Utah, Wyoming, Kansas, Texas, Oklahoma, and New Mexico. Enservco is also expanding its operations to the Northeastern U.S., particularly targeting the Marcellus shale in the Appalachian Basin, and is establishing a facility in North Dakota to serve the Bakken Formation. With a fleet of over 200 specialized trucks and related equipment, Enservco also offers frac tank rental and oilfield construction services, focusing on providing reliable, round-the-clock service to its clients.

Uranium Energy is a mining company specializing in uranium extraction through in-situ recovery (ISR) methods. It operates two extraction-ready ISR hubs in South Texas and Wyoming, with seven additional permitted ISR projects across the United States. The company also holds diversified uranium assets in Canada and Paraguay.

Navajo Transitional Energy Company (NTEC) is a conscientious energy firm based in Farmington, New Mexico, established in 2013. The company operates a coal mine that focuses on serving power markets by extracting coal through safe, efficient, and technology-driven methods. NTEC aims to provide energy at a low cost, leveraging its strategic and diversified assets to ensure financial strength. The company is dedicated to serving the Navajo people, its employees, and the broader community, drawing upon its rich energy legacy to guide its operations and investments.

Deciens Capital is a venture capital firm that backs early-stage fintech and financial services startups, offering strategic support beyond capital to help founders turn ideas into scalable businesses. Founded in 2017 by Daniel Kimerling and Zac Townsend, the firm pursues visionary founders at the earliest stage and engages in active collaboration with industry leaders to accelerate digital transformation in financial services. It seeks to invest in fintech companies and related technologies, leveraging partnerships with notable players such as Chipper Cash, Treasury Prime, and Therma to broaden growth opportunities and industry impact. The firm emphasizes hands-on assistance, mentorship, and strategic resources that help portfolio companies navigate product development, regulatory considerations, and market expansion. Based in the United States, Deciens Capital positions itself as a partner to entrepreneurs building the next generation of financial services.

enCore Energy is a uranium developer focused on advancing its portfolio of in-situ recovery (ISR) and conventional uranium assets. It holds a significant private mineral rights position in New Mexico, including the Crownpoint and Hosta Butte deposits, with additional projects in Utah, Arizona, and Wyoming.

Hilcorp Energy is a privately-held independent oil and natural gas exploration and production company headquartered in Houston, Texas. Founded in 1989, Hilcorp focuses on acquiring, owning, and operating oil and natural gas fields across multiple regions in the United States, including the Gulf Coast of Texas and Louisiana, the Northeast, Wyoming, New Mexico, and Alaska's Cook Inlet and North Slope. With a workforce of over 1,825 employees, the company has gained recognition as one of the top places to work in America, according to various regional and national publications.

Triumph Bancorp, Inc. is a financial holding company based in Dallas, Texas, that operates TBK Bank, SSB, offering a wide range of banking and commercial finance products and services primarily to retail customers and small-to-mid-sized businesses across the United States. The company is organized into Banking, Factoring, and Corporate segments, providing depository products such as checking and savings accounts, as well as various types of loans including commercial, industrial, and real estate loans. Additionally, Triumph Bancorp offers factoring services, equipment financing, and consumer loans, alongside electronic banking, trust, treasury management, and insurance brokerage services. The company has a significant presence with branches in several states, including Iowa, Illinois, Colorado, New Mexico, Kansas, and Texas, along with loan production offices to support its diverse customer base.

Dangerous Ventures is a venture capital firm that backs early-stage startups focused on adaptation and resilience solutions to help people, the planet, and society thrive in a changing environment. It invests across sectors including energy, mobility, climate adaptation, solar, fintech, and media, and is based in Los Angeles with activity in San Francisco and Santa Fe.

Union Pacific is the largest railroad company in North America, operating over 32,000 route miles across 23 states west of Chicago. It specializes in transporting a wide range of goods including coal, industrial products, intermodal containers, agriculture goods, chemicals, fertilizers, and automotive goods. Headquartered in Omaha, Nebraska, Union Pacific employs approximately 45,000 people.

CIN Grow Equity is a corporate venture capital firm founded in 2020 and based in Mexico City, New Mexico. The firm focuses on investing in startups and small to medium-sized enterprises across various sectors in Latin America, including technology, food and beverages, financial services, and real estate. By targeting these industries, CIN Grow Equity aims to foster innovation and support the growth of emerging businesses in the region.

Tallwave is a Scottsdale, Arizona-based company that focuses on transforming innovative ideas into successful businesses through a combination of design, product development, branding, marketing, and growth services. The company specializes in customer experience design, helping clients create exceptional brand experiences that enhance customer engagement. By implementing proven systems, Tallwave emphasizes speed and user experience to facilitate rapid market entry and increase the likelihood of success for its clients. The firm primarily targets seed and early-stage companies across various sectors, including SaaS, e-commerce, B2B software, advertising, and digital media, with a particular focus on the United States and regions such as Arizona, Utah, Southern California, Colorado, and New Mexico.

California Water Service Group is a prominent water utility holding company headquartered in California, serving over two million customers. It specializes in the production, treatment, storage, distribution, and sale of water, addressing various needs for residential, commercial, and municipal clients. The company operates through a mix of regulated and unregulated subsidiaries, with its regulated public utilities located in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries offer water utility services to private companies and municipalities. A significant portion of California Water Service Group's revenue is generated from its operations in California, primarily from residential customers, underscoring its importance in the region's water supply and infrastructure.

Westwater Resources is a company focused on developing energy-related materials, including battery-grade graphite and uranium projects. It advances battery materials through its Coosa Graphite Project and Coosa Graphite Mine in Alabama and holds lithium-bearing mineral properties in Nevada and Utah, with expansion following the acquisition of AGC. The company also develops uranium projects in Texas, New Mexico and the Republic of Turkey, reflecting diversification into energy minerals and related mining activities.

Crescent Energy is an independent energy company with a diversified portfolio of operated and non-operated oil and gas assets and related midstream infrastructure across major U.S. basins, including Eagle Ford, Rockies, Barnett, Permian, and Mid-Continent. The company focuses on capital discipline and an acquisition-oriented strategy to deliver predictable cash flows and attractive risk-adjusted returns, supported by mineral and royalty interests and midstream assets. It aims to maintain a balanced asset mix that emphasizes operated production while leveraging non-operated positions to optimize capital efficiency and resilience across market cycles.

Permian Resources is an independent oil and natural gas company focused on generating returns for shareholders. It acquires, enhances, and develops natural gas properties with oil and liquid content in the Permian Basin, utilizing a capital-efficient approach and disciplined investment strategy to meet energy demand while maximizing shareholder returns.

Los Alamos National Laboratory is a multidisciplinary research institution founded in 1943, located in Los Alamos, New Mexico. It operates under the auspices of the Department of Energy's National Nuclear Security Administration, emphasizing strategic scientific research aimed at enhancing national security. The laboratory engages in a wide range of scientific and engineering disciplines, contributing to advancements in nuclear security, energy solutions, and other critical areas of national interest. Through its innovative research and collaboration with various sectors, Los Alamos plays a vital role in addressing complex challenges facing the nation.

The Mosaic Company is a leading producer and marketer of concentrated phosphate and potash, essential nutrients for global crop production. It manages the full value chain from mining to the production of crop nutrients, feed, and industrial products, serving wholesalers, retailers, and individual growers in more than 40 countries. The company operates phosphate rock mines in Florida, Brazil, and Peru, and potash mines in Saskatchewan, New Mexico, and Brazil, and runs a large fertilizer distribution operation in Brazil through Mosaic Fertilizantes.

Brinker International, Inc. operates casual dining restaurants, primarily under the brands Chili's Grill & Bar and Maggiano's Little Italy. Chili's is known for its bar and grill offerings, featuring a menu that includes signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and tableside guacamole. Maggiano's specializes in Italian cuisine, offering a diverse menu that includes appetizers, chicken, seafood, veal, prime steaks, and desserts. As of June 2013, Brinker International's system included 1,591 restaurants across 50 states and Washington, D.C., as well as locations in various countries including Bahrain, Brazil, Canada, and Mexico. The company generates the majority of its revenue from the Chili's segment, reflecting its strong presence in the casual dining market.

Founded in 1888, New Mexico State University is a land-grant institution offering bachelor's, master's, and doctoral degrees across diverse disciplines. It is recognized as one of NASA's Space Grant Colleges and a Hispanic-Serving Institution. The university emphasizes research, with projects like solar-powered water pumps for agriculture, and provides accessible education through financial aid options and health services.

Permex Petroleum is a junior oil and gas company engaged in acquiring, developing, and producing oil and gas properties across the Permian Basin in West Texas and the Delaware Sub-Basin in New Mexico. The company's portfolio includes interests in several properties such as Pittcock North, Pittcock South, Mary Bullard, McMurtry, Loving, Peavy, West Henshaw, Oxy Yates, and ODC San Andres & Taylor.

Lavu is a software company that provides restaurant management and point-of-sale solutions. Its cloud-based iPad point-of-sale system offers traditional functionality with modern flexibility, supporting payments, multiple orders, and detailed reporting. The platform also includes a business management system and inventory management to streamline operations, improve efficiency, and enhance customer experiences. Founded in 2010 and headquartered in Albuquerque, New Mexico.

Goodnight Midstream, LLC is a leading provider of fluids management services to oil and gas producers in North Dakota, Wyoming, Texas, and New Mexico. Founded in 2011 and headquartered in Dallas, Texas, the company specializes in the gathering and disposal of produced saltwater through an extensive network of over 150 miles of saltwater gathering pipelines and 16 saltwater disposal facilities, primarily in the Bakken region. Goodnight Midstream's operations focus on minimizing environmental impact and enhancing health and safety for its clients while also helping to lower their lease operating expenses.

Optomec, Inc. is a provider of production-grade additive manufacturing systems specializing in 3D printing of metals and electronics. Founded in 1982 and headquartered in Albuquerque, New Mexico, with an additional operation center in Dübendorf, Switzerland, the company offers a range of technologies, including Aerosol Jet printers for micron-scale electronics and LENS printers for metal component prototyping and production. Optomec's solutions also include integrated robotic automation for metal additive repair and material starter recipes to optimize metal 3D printing. The company serves a diverse clientele across industrial, research, and government sectors in industries such as electronics, energy, life sciences, and aerospace. By delivering a comprehensive suite of printers, software, materials, and application expertise, Optomec enables customers to effectively design, build, and maintain critical products and parts throughout their life cycle.

Patterson-UTI Energy, Inc. is a Houston-based company that provides onshore contract drilling services to oil and natural gas operators across the United States and Canada. The company operates through three primary segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. Its Contract Drilling segment focuses on regions such as west Texas, southeastern New Mexico, and parts of the Appalachian region, utilizing a fleet of 216 marketable land-based drilling rigs. The Pressure Pumping segment delivers well stimulation, cementing, and hydraulic fracturing services, while the Directional Drilling Services segment offers advanced tools and technologies to enhance drilling accuracy and efficiency. Additionally, Patterson-UTI Energy provides equipment services to drilling contractors and invests in oil and natural gas assets, primarily in Texas and New Mexico. Founded in 1978, the company is recognized for operating one of the largest and most technologically advanced drilling fleets in North America.

Founded in 1982, Mesa Air Group operates regional air carrier services under capacity purchase agreements with American Airlines and United Airlines. It maintains a fleet of over 60 aircraft, serving approximately 85 cities across the U.S., Canada, Mexico, and Cuba. The company employs around 2,200 people.