Entrepreneurial roots sprouting at Innovate ABQ Rainforest II
ALBUQUERQUE, N.M. — The University of New Mexico held its second economic development summit, Rainforest II, attracting 200 investors, professionals, executives and more to document progress on downtown’s innovation district.
Innovate ABQ is working to turn a downtown site into a bustling research and development zone and has raised nearly $8 million in public and private funding to make the dream a reality.
UNM purchased the Baptist church site last year with funding from local government, nonprofits and private entities. This event marked the transition as the university-run operation was turned over to a community-based board of directors. The board is currently reviewing applications to hire its first CEO.
The development outline for the buildout of the site is expected to be presented this week with an aim of attracting people to a dynamic hub of innovation.
Source: Albuquerque Journal