The UNM Anderson School of Management will host an informational Reception for the UNM Technology Business Plan Competition and UNM Entrepreneurial Challenge on Tuesday, Sept. 27 at 4 p.m. in the Jackson Student Center.

The UNM Technology Business Plan Competition is designed to encourage UNM students to collaborate on teams that commercialize technology products developed at UNM, Sandia National Labs, Los Alamos National Lab, and elsewhere. These student-owned startup firms bring inventions from lab to market and boost economic development in New Mexico. Last year more than $55,000 in prize money was handed out to the winning teams. Team members must be UNM students.

The intent of the UNM Entrepreneurial Challenge, now in its second year, is to support new businesses which can be funded through conventional investment.

The reception celebrates valued supporters and sponsors, as well as kicks off the full-academic-year cycle of events leading up to the April 20, 2012 competitions.

Members from last year's successful competition teams will speak at the reception including, Michael Robson and Meer Noor, founders of Proteus Coatings, and Paul Aitken, founder of Safe Ride Logistics and the Party Trolley.

Robson and Noor won last spring's $25,000 Lockheed Martin / TVC / Sandia National Labs Prize, the First Place prize in the spring 2011 Technology Business Plan Competition. Proteus Coatings has developed novel uses for nano-structured materials that create unique visual effects when applied as a clear coat to a colored base coat of paint. Aitken was the winner of last spring's $2,500 Northwestern Mutual ~ Southwest Prize in the Entrepreneurial Challenge. Safe Ride Logistics and the Party Trolley seek to give customers a safe, fun, affordable way to get to where the party is happening and back home again.

In addition to sponsors mentioned above, supporters of the UNM Technology Business Plan Competition include PNM, Los Alamos National Laboratory, the City of Albuquerque, the Technology Innovation Program Endowment, vSpring Capital and its KickStart Seed Fund, Sun Mountain Capital, Peacock Myers, Brownstein Hyatt Farber Schreck, and Paul and Elizabeth Smith.

Sponsors of the Entrepreneurial Challenge, which is partially funded by the McCune Foundation, also include Don Chalmers and Don Chalmers Ford, the New Mexico Gas Company and ACCION.

For more information, visit Technology Business Plan Competition and also, Entrepreneurial Challenge.

Media contact: Leslie Venzuela, (505) 277-7117; e-mail: