MONEY

State-Funded Venture Capital

How to seed a homegrown VC market

Aspen Avionics makes glass cockpits for small aircraft.


Courtesy company

Lumidigm makes biometric fingerprint sensors; clients include law-enforcement agencies and the U.S. military.

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In the early 1990s, New Mexico had lots of research labs and lots of people with ideas but almost no venture capitalists to fund start-ups. A state program has since attracted nearly $2 billion in investment, which has helped dozens of ventures -- including these two Albuquerque companies.

Last updated: Jul 1, 2010




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