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The Lobo Rainforest building was largely empty during the pandemic, but Rainforest Innovations maintained programming online. (Jim Thompson/Albuquerque Journal)
ALBUQUERQUE, N.M. Long-time angel investor and serial entrepreneur John Chavez had an unenviable front-row seat during the economic devastation wrought by the Great Recession in 2008.
John Chavez
At that time, New Mexico’s incipient startup ecosystem had limited resources to support many struggling businesses that had recently launched prior to the crisis, and investors like Chavez could do little as numerous startups crashed and burned in the downturn.
Now, 13 years later, it’s a very different story as the state and country emerge from the pandemic, which plunged the economy into a far-worse crisis than the one a decade ago. This time, the local ecosystem was well-prepared to weather the storm, armed with an extensive statew
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16:47
Less than 6 months after announcing the opening of its next investment fund, Cottonwood Technology Fund III has revealed its fourth impact investment. This time the infusion of cash is going to Enschede’s medical chip expert Sencure and will be used, along with an additional 500k from co-investor Lumana Invest, to file patent applications to protect the company’s unique IP, as well as to accelerate the global rollout of its products, including its biometric sensing chip.
Credit: Sencure
Sencure’s biometric sensing chip is the result of five years’ effort in designing electronic systems and signal processing algorithms for electrophysiological diagnostic and monitoring systems to deliver medical-grade accuracy. It’s set to significantly outperform medical chips from current manufacturers in terms of both price and quality. Competitive advantages include ultra-low power consumption and smaller size, aimed at wide-scale market adoption. With the biometric sensing chip