Catalyst Week Helps Startups Increase Likelihood of Success

Registration underway for third annual event 

 

ALBUQUERQUE – Local non-profit Catalyst Week is now taking registrations for its third pre-accelerator cohort. This free 10-day workshop helps existing teams set a specific goal to move their project forward, pairs them with experienced mentors, and offers relevant classes on everything from accounting to web development to help these teams efficiently complete all of the tasks required for them to succeed.

The workshop will begin on March 17 with a visit from renowned entrepreneur and venture capitalist, Paul Singh, at Albuquerque’s newest co-working space, Free Range, conveniently located at the corner of University and Central. Over the rest of the week, workspace, office supplies, and mentorship will be available to everyone who signs up and sets a goal. Experts and teachers from organizations like WESST, the University of New Mexico and Santa Fe Community College will also offer classes on subjects such as setting the right price for your product and utilizing the local resources and opportunities that are available to new businesses.

“Our framework helps people address the issues they’ve been overlooking and get stuff done in a friendly collaborative setting,” says Catalyst Week founder and executive director Nick Williams.

Williams started Catalyst Week after completing the first cohort of local accelerator ABQid in 2015. There, he observed that many local businesses, and startups in particular, focus on their individual strengths but tend to let other important considerations languish. The specifics vary from team to team; some focus on product development but neglect marketing or accounting, while others are really good at selling the idea but struggle when it comes to producing a real quality product. Catalyst Week is a perfect time for any team to address the overlooked but necessary parts of their business and to develop good habits that pay off over the long haul.

For example, Kerri Couillard, founder and CTO of Babierge, used Catalyst Week in 2015 to implement new scheduling features that helped her scale her business. This provided her with more time to take advantage of opportunities, such as an invitation to Women’s Startup Lab in Silicon Valley. Since then, Babierge has established 27 marketplaces for baby equipment rental with over $200k in gross merchandise volume.

The Catalyst Week framework applies widely to new businesses, existing businesses, social projects and art projects that want or need to try something new to achieve greater success. If an organization thinks the near future will be business as usual, Catalyst Week is not for them. It’s about making things bigger, better, easier and clearer.  Previous participants of Catalyst Week have launched a new business location, revamped websites, learned new techniques, resolved perennial issues, and streamlined their business processes.

Catalyst Week partners with other support organizations in the Albuquerque entrepreneurial ecosystem,  including accelerators ABQid and Creative Startups; South Valley Economic Development Center; WESST Enterprise Center; and SCORE to spread the diverse knowledge and expertise available within our city.

“In its third year, Catalyst Week represents the change we’re seeing in our community, where entrepreneurs and organizations are working together more than ever before to tackle the challenges that face entrepreneurs,” said Gary Oppedahl, director of the City’s Economic Development Department.

Catalyst Week is scheduled for March 17 to March 26. Events are free for anyone who signs up and sets a goal for the week. Registration and more information are available atcatalystweek.org.

 

What: Catalyst Week

When: Starts March 17th

Where: Free Range (1710 Central SE)

How: Sign up at catalystweek.org

Why: #GetUnstuck

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