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Incentives to Test Your Startup Idea

Many individuals consider being an entrepreneur, yet too many stay on the sidelines. It takes initiative, diligence, and belief in yourself and your idea. In Santa Fe and New Mexico, an added hardiness is required for entrepreneurs. We have an emerging ecosystem, but we are missing the robustness of other cities and states. Still, we have so much talent and innovation evident, and we need to untap the ideas and begin the work.

Santa Fe Innovates launched a second Ideation program and process. The application deadline is April 10, and it is a simple submission. What may be more challenging is taking your idea and putting it to the test. The good news is we have a process and mentoring community willing and ready to work with you.

test your startup idea

Incentives to Support Your Work and Startup Idea

If you have been thinking about your idea and need added incentives, here are a few more reasons to begin working on your startup idea. We offer incentives for the top ideas and those who complete the work and have the mindset to continue forward with their innovative startup. Our Week 5 wraps up with an idea pitch. The top two ideas, decided by our review panel, will receive these incentives:

Impressive Idea Winner:

  • $750 to support memberships, industry reports, legal fees, and other costs to help your business
  • Up to 40 hours of market research expertise, leading to a collaborative industry and market report for further validation and strategy development
  • Two months of open seating coworking space (24/7 membership) at Co-Fe (value $220/month)
  • Access to Bootstart on Leanstack for 60 days
  • Access to our mentoring community

Stellar Idea Winner:

  • $500 to support memberships, industry reports, legal fees, and other costs to help your business
  • Up to 20 hours of market research expertise, leading to a collaborative industry and market report for further validation and strategy development
  • Two months of open seating coworking space (24/7 membership) at Co-Fe (value $220/month)
  • Access to Bootstart on Leanstack for 60 days
  • Access to our mentoring community

Entrepreneurial Idea Winners:

All who completed the designated Foundation and Ideation modules 100% will be eligible to continue to Bootstart on Leanstack and access our mentoring community.

Put Your Effort to Work with an Engaged Community

Starting a business takes effort, but it takes incorporating, gaining trademarks, conducting deeper market research, and collaborating with others in developing a business plan. With these incentives, it will give the top entrepreneurs an added boost to their efforts.

Now is the time. Apply to our 5-week program, and let’s put your idea to work and determine if a startup emerges!

It Takes a Community of Support!

We are grateful for the support from the City of Santa Fe and the Economic Development Department. Encouraging and guiding entrepreneurs takes a community, and the city is an essential partner in this endeavor.

We are also grateful for Co-Fe’s support and the community they have built to support entrepreneurs through their coworking space. We are excited to include their services in our program!

Jon Mertz

About Jon Mertz

Jon is a 25-year tech and marketing executive. He led brand development, product management, marketing, and sales channel efforts for startup and enterprise companies.