FARMINGTON — Local entrepreneurs have an opportunity to enhance their ideas to create a business and some may find investors to take those ideas to the next level.
The "High Desert Discovery District," an independent group that looks for New Mexico technology projects to commercialize, is planning to host a "Discovery Day" in Farmington on April 23 and 24.
"This is the first time it's coming to Farmington," said Ray Hagerman, Four Corners Economic Development CEO.
Discovery Day offers entrepreneurs an opportunity to discuss their ideas in front of experienced group of business professionals. The professionals have extensive experience in matching technology opportunities with needs in the marketplace, product development, investment strategy, marketing and sales, and other methods to develop an idea, according to a press release.
"We look for opportunities that are scalable and are growth oriented, "said Michelle Miller, High Desert Discovery District founder and CEO, "innovations that, with the right resources, advisers and connections ... with the right people can become a big company."
Discovery Day is being held in partnership with Four Corners Economic Development and ConocoPhillips.
But before entrepreneurs can present their ideas to the group of investors and professionals on Discovery Day, potential presenters have to apply. The deadlines for applications is March 28.
The application process entails a two page brief that explains how the idea would impact its marketplace with the opportunity for large growth.
Past Discovery Days have been hosted in Los Alamos and other areas close to Santa Fe. Since the April event is local to the Four Corners area, Hagerman hopes that local entrepreneurs and other people with innovative business solutions will apply.
He said he hopes that the Four Corners area generates at least 50 applicants.
"We'll get 12 to 14 people who will be able to pitch their ideas," he said.
To help interested people strengthen their applications for Discovery Day, Four Corners Economic Development is hosting two seminars for applicants.
On Tuesday at 5:15 p.m. and March 11 at 7:15 a.m., Hagerman has scheduled information sessions to help people better understand the process. The sessions are open to the public and are slated to be held at San Juan College's Quality Center for Business.
People who get to present on Discovery Day will have an opportunity to have their idea funded by investors or have an better idea of how to strengthen their business plan.
"(The panel) will give them some positive or negative feedback," Hagerman said, adding that some presenters may find investors.
The day before presentations, Hagerman has scheduled a golf tournament to create a networking opportunity for local business people. The tournament will be at Pinon Hills Golf Course.
"We will create new companies out of this," he said.Erny Zah is The Daily Times business editor. He can be reached at 505-564-4638. and firstname.lastname@example.org. Follow him @ernyzah on Twitter.