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Press Release

2009 UNM Technology Business Plan Competition: Friday, April 3rd

April 3, 2009

On Friday, April 3rd, The Anderson School of Management will host the fourth-annual UNM Technology Business Plan Competition. Forty-thousand dollars in prize money will be awarded to students looking to form their own high-tech startup firms. These awards are the Michael Gallegos Prize for Entrepreneurship ($25,000), the TVC Lockheed Martin Prize ($10,000), and the vSpring Capital Prize ($5,000). Venture capital partners have also offered more than $100,000 in potential seed funding as incentives for the teams.

The goal of the competition remains steady: to have increased deal flow in NM, to nurture the creation of active technology startup firms, by encouraging ever more entrepreneurial students in the sciences, the arts, law, engineering, and medicine to collaborate with business students and build strong teams that not only can compete but more importantly start viable businesses. These firms, grounded in the wealth of New Mexico's technological innovations, can increase the state's overall wealth and its ability to sustain high-paying jobs for its citizens.

Eleven teams and more than 30 students will participate this year from the Anderson School, the School of Engineering, the Law School, the School of Medicine, the College of Fine Arts, the College of Education, and the School of Architecture & Planning. Participants include undergraduates, master's students, international students, and doctoral candidates.

The alpha (morning) round of team presentations will take place between 9:00 a.m. and 11:30 a.m. in ASM rooms 1016, 1064, and 1065. Judges will then confer to decide which teams from the alpha round will advance to the omega (afternoon and final) round presentations. The omega round will take place from 2:00 to 4:30 p.m., with judges hearing formal team presentations in ASM 1065, then conferring to decide which teams will be awarded prizes that evening.

UNM President David Schmidly will deliver the keynote address at the banquet. John Freisinger, Director of Project Development and Business Assistance for Technology Ventures Corporation (TVC), will emcee the evening ceremony.

The UNM Technology Business Plan Competition wishes to thank our valued sponsors:

  • American Property Management Corporation APMC and Michael Gallegos for the Michael Gallegos Prize for Entrepreneurship, 1st Place, $25,000

  • Technology Ventures Corporation TVC, Lockheed Martin, and Sherman McCorkle for the TVC Lockheed Martin Prize, 2nd Place, $10,000

  • vSpring Capital for the vSpring Capital Prize, 3rd Place, $5,000, and for $50,000-$100,000 in potential seed funding

  • The NM Workforce Innovation in Regional Economic Development WIRED - Initiative, for Operational Support

  • Northwestern Mutual Financial Network, Awards Banquet Sponsor

  • Bank of the West, Awards Banquet Sponsor

  • New Mexico Venture Capital Association, Awards Reception Sponsor

  • EPIC Ventures, Competition Day Lunch Sponsor

  • Brownstein Hyatt Farber Schreck, Legal Services donor for the winning team

  • Flywheel Ventures, at least $10,000 potential seed funding

For a full agenda and more information, visit the UNM Technology Business Plan Competition web site:


The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit, email, or call (505) 277-6471.