Roadrunner Venture Studios, a company creation factory, has launched in Albuquerque, New Mexico.
Backed by America’s Frontier Fund (AFF) and the New Mexico State Investment Council, Roadrunner works to commercialize American science and technology, especially ideas coming out of New Mexico’s national labs and innovation ecosystem. The studio is focused primarily on building companies in critical technology fields including AI, quantum, energy, space, clean tech, and advanced manufacturing. Roadrunner provides portfolio companies with a suite of services ranging from access to experienced advisors, customer discovery, product roadmapping, engineering support, legal services, HR and recruiting leadership, fundraising support, and lab and office space at the studio’s headquarters in downtown Albuquerque.
The first three companies which will form its first cohort of breakthrough ventures are:
- fab.ai, which is building an LLM for advanced manufacturing.
- Hydrosonics, which enables the deployment of resilient on-site hydrogen production.
- Inaedis, which is a cold chain logistics startup addressing the unmet need of thermal stabilization of heat and freeze-sensitive vaccines and biologics at room temperature.
Roadrunner is led by by AFF president and COO Jordan Blashek, AFF GP and veteran entrepreneur Steve Weinstein, and ICON co-founder Evan Loomis, who sit on the board of directors. Technologist Amotz Maimon is the studio’s Head of Technology and Product. The leadership is rounded out by Mike Chieco, Head of Business and Strategy, and Ashley Hudson, Head of Talent. The Head of Studio is Adam Hammer as Chairman of the Board is Steve Weinstein.