Current students with a business idea or a startup can explore various avenues to secure funding. Some local sources of funding include:
- Pitch Competitions
- The Mike Loya Center for Innovation and Commerce hosts pitch competitions throughout the spring and fall semesters that offer cash prizes to top competitors to fund their ideas or businesses. Competitions are open to current UTEP students only. Check our website and social media for upcoming events.
- Aggie Shark Tank is a pitch competition offering a unique platform for entrepreneurs to showcase their ideas. It's an opportunity to receive valuable feedback from experienced investors and potentially secure funding to kickstart your business. Participating in Aggie Shark Tank provides exposure, validation for your business idea, potential funding, and valuable networking opportunities. For more information: https://arrowheadcenter.nmsu.edu/program/studio-g/aggie-shark-tank/
- Angels Investors
- Stanford Angels & Entrepreneurs Texas Chapter serves the broader Southwest region by providing a venue in which Stanford alumni investors and regional startup founders share and discuss entrepreneurship on equal footing. They host regular startup pitch events and educational seminars to facilitate advising and mentorship as well as investment. Founders need not be Stanford alumni or affiliates to benefit from their network and ten percent of their investors may also hail from outside the alumni community. For more information: https://www.stanfordangels.org/
- SunCruces Angels is an angel investor network that provides educational content, business expertise, and capital introductions for entrepreneurs in the regional ecosystem, supporting the development of local talent and startups through mentoring and networking opportunities. For more information: https://www.suncrucesangels.org/
- Local Venture Capital firms
- Borderplex Community Capital is a Community Development Loan Fund dedicated to fostering economic growth in the El Paso and West Texas region. We provide essential loans to impactful organizations that may not meet traditional lenders' criteria, focusing on supporting nonprofits and small businesses in low-income neighborhoods. For more information: https://borderplexcommunitycapital.org/
- Audaz Capital is an investment firm specializing in capital-efficient startups across sectors like energy tech, water tech, and supply chain/logistics, fostering innovation and sustainable growth.For more information: https://audaz.capital/#thesis
- No Border Ventures (NBV) is an agnostic venture capital firm focused on Seed and Pre-Seed stage funding for resilient founders in the Southwest+Mountain region and Latin America. NBV aims to break barriers in venture capital by providing a platform for innovative investments and supporting entrepreneurs in their growth journey. For more information: https://noborderventures.com/
- ECOTONE FUND is an early-stage venture capital fund based in El Paso, Texas, bridging global founders with assets and opportunities in the El Paso region, fostering value creation and relationships for entrepreneurs worldwide. For more information: https://www.ecotonefund.com/