State-Funded Venture Capital
A Special Report by Adam Bluestein and Amy Barrett
How to seed a homegrown VC market
Aspen Avionics makes glass cockpits for small aircraft.
Lumidigm makes biometric fingerprint sensors; clients include law-enforcement agencies and the U.S. military.
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.