December 1, 2015 by Adriana M. Chavez, NMSU News Center
Scott Maloney, CEO and co-founder of the Albuquerque-based software company BowTie, has joined New Mexico State University’s Arrowhead Center as its first Innovator in Residence.
Maloney will mentor NMSU students and faculty in both commercialization of innovation and developing ideas and projects that address a market need in innovative and creative ways. He will provide NMSU students and faculty with face-to-face experience with a successful innovator, objective feedback regarding their business idea and possible plans of action, valuable guidance on how to start their own company, professional network opportunities and the chance to develop new research ideas from real life areas of opportunity, said Kathryn Hansen, director and CEO of Arrowhead Center.
“With Arrowhead’s mission to contribute to economic development through innovation and entrepreneurship, an Innovator-In-Residence is critical to provide NMSU faculty, staff and students with expert advice on moving ideas to the market place,” Hansen said. “Scott, a successful entrepreneur with significant success as an innovator, will provide opportunities that are invaluable to technology commercialization and startups. Scott’s role as Innovator in Residence will help translate the great discoveries and ideas at NMSU to real life areas of opportunity.”
Hansen said another objective is for Maloney to provide Arrowhead with recommendations on ways to strengthen the local innovation ecosystem and to grow Arrowhead’s contacts and connections to innovation resources.
Maloney said as a serial entrepreneur, he knows that resources and support are critical to a new startup and its surrounding ecosystem.
“Nowhere is the dedication to new ideas and companies more tangible and impactful than at Arrowhead,” Maloney said. “NMSU’s Arrowhead Center is a true jewel in the entrepreneurial ecosystem of not only the state but the country. Through their tireless efforts, new entrepreneurs receive the support, resources and guidance that make a material difference in their success.”
Maloney is also an enterprise adviser and senior adviser for the Arrowhead Technology Incubator. He is a black belt and instructor in Kyokushin karate, an avid rock climber, and a food and music lover, and has extensive professional and personal international travel experience with an emphasis in developing markets. In the past, Maloney has worked with Pfizer, Inc., Living Social and other major companies.
Maloney said his new role with Arrowhead and NMSU “allows me the privilege of mentoring new entrepreneurs in their network and providing strategic planning to ensure Arrowhead’s dominance as a startup factory for years to come. I am humbled and excited to work closely with Arrowhead as they drive innovation in New Mexico and the country, and as they make positive changes in the lives of entrepreneurs.”