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UbiQD Of Los Alamos Wins ABQid Ski Lift Pitch Contest

on March 7, 2016 - 8:41am

From left, Katie Szczepaniak Rice, Dr. Hunter McDaniel and Dr. Matt Bergren. Photo by Kat Gardenswartz

BUSINESS News:

Los Alamos-based UbiQD, LLC has won the second annual ABQid Ski Lift Pitch Contest in Taos, which carries a $10,000 first prize.

UbiQD Founder and President Dr. Hunter McDaniel, along with 11 other entrepreneurs, pitched their companies on the slopes of Taos Ski Valley to a group of approximately 20 venture capitalists. 

“We are honored to receive this validation from potential investors that our business can be scaled and financed in Northern New Mexico,” McDaniel said. 

UbiQD’s newest team member, Dr. Matt Bergren, also attended the event. “The competition at this year’s Ski Lift Pitch contest was almost as steep as the terrain,” Bergren said. “It’s exciting to be part of the growing entrepreneurial community in New Mexico and we’re grateful to have been chosen as the winner of the ABQid Ski Lift Pitch Contest.”

The award is particularly timely as UbiQD prepares to raise capital to finance its expansion and develop partnerships. When asked how they will use the prize money, McDaniel said, “right now we are focused on developing lighting products, and as part of that we are adding two more PhDs to the full-time team, planning for expansion into a new facility, and filing several patents.”

The company was recently awarded a Phase I Small Business Innovation and Research grant from the US Department of Energy for $150,000 in funding over six months to develop next-generation phosphors for solid-state lighting.

The UbiQD headquarters is at 100 Entrada Dr. in Los Alamos. McDaniel can be reached at 505.310.6767.


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